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Funding arb · Price arb /

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0288%/8h= +31.5% APRnext payment +$1.44 per $10,000 · paid last 24h +0.008%
Price spread now: BingX against BloFin+0.094%66s7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$580.580% of the position
Long on BloFinShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.096%+$10 on $10k
Price spread, last 3 days (all we have)−0.025%−$3 · spread now +0.094%, 7d avg +0.073%
Together, before fees+0.071%+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BingX is 0.022% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.073%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin FF-USDT0.1272−0.0188get 0.0094% / 4h1h 44m$2.3M$442K20x
ShortBingX FF-USDT0.12740.0100get 0.0050% / 4h1h 44m—$7.1M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$60.44
Price spread: +0.094% → +0.073%
$2.18
Slippage, 4 orders
−$36
Fee BloFin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
$4.61
Costs to cover
0.580%
Break-even
6.5 days
Slippage from BloFin: live order book, 4 min ago; BingX: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 4 min ago0.79 bp11.3 bp −$1134.3 bp −$343doesn't fitdoesn't fit
Sell BingX live order book, 9 min ago2.75 bp16.6 bp −$1740.3 bp −$403340.0 bp −$34.0Kdoesn't fit

FF on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance FFUSDT−0.0200%4h0.1273+0.039%$43.0M$51.3M20xas long as short
MEXC FF_USDT−0.0198%4h0.1273+0.063%$10.0M$3.6M50xas long as short
BloFin FF-USDTlong−0.0188%4h0.1272long leg$2.3M$442K20x
Bybit FFUSDT+0.0040%4h0.1273+0.063%$14.3M$13.0M20xas long as short
Lighter FF+0.0096%1h0.1277+0.369%$135K$65K3xas long as short
Aster FFUSDT+0.0100%4h0.1274+0.141%$1.2M$33K5xas long as short
Gate FF_USDT+0.0100%4h0.1275+0.220%$26.9M$3.5M50xas long as short
KuCoin FFUSDTM+0.0100%4h0.1276+0.299%$8.6M$6.7M20xas long as short
Bitget FFUSDT+0.0100%4h0.1275+0.196%$18.5M$4.8M5xas long as short
BingX FF-USDTshort+0.0100%4h0.1274+0.094%—$7.1M—
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX FF-USDT+0.0100%4h0.1273+0.016%$2K$2.8M20xas long as short