Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.7% APRnext payment −$0.08 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against BingX+0.267%111s7-day average +0.203% · you sell dearer than you buy
Net, funding: paid 7d − costs−$171as 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−$1731.729% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.267%, 7d avg +0.203%
=The price spread pays, funding is against you. BloFin is 0.064% dearer against BingX than usual: you sell high and buy low (spread +0.267% now, against its 7-day average of +0.203%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 14 days. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX GOAT-USDT | 0.01875 | 0.0386 | pay 0.0193% / 4h | 2h 37m | — | $6.6M | — |
| Short | BloFin GOAT-USDT | 0.01880 | 0.0370 | get 0.0185% / 4h | 2h 37m | $122K | $11K | 25x |
BingX GOAT-USDT
BloFin GOAT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.26
- Price spread: +0.267% → +0.203%
- $6.37
- Slippage, 4 orders
- −$150.91
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$169.8
- Costs to cover
- 1.729%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; BloFin: live order book, 41 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 9 min ago | 7.91 bp | 51.1 bp −$51 | 365.4 bp −$3,654 | 779.7 bp −$78.0K | doesn't fit |
| Sell BloFin live order book, 41 min ago | 2.61 bp | 53.3 bp −$53 | 189.6 bp −$1,896 | doesn't fit | doesn't fit |
GOAT on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit GOATUSDT | +0.0100% | 4h | 0.01872 | −0.155% | $2.1M | $1.3M | 25x | as long as short |
| Gate GOAT_USDT | +0.0100% | 4h | 0.01872 | −0.155% | $271K | $207K | 25x | as long as short |
| KuCoin GOATUSDTM | +0.0100% | 4h | 0.01874 | −0.053% | $368K | $129K | 30x | as long as short |
| Variational Omni GOAT | +0.0100% | 4h | 0.01892 | +0.890% | $97K | $109K | — | as long as short |
| MEXC GOAT_USDT | +0.0340% | 4h | 0.01879 | +0.213% | $436K | $162K | 200x | as long as short |
| Binance GOATUSDT | +0.0341% | 4h | 0.01879 | +0.216% | $1.9M | $3.0M | 25x | as long as short |
| BloFin GOAT-USDTshort | +0.0370% | 4h | 0.01880 | +0.267% | $122K | $11K | 25x | |
| BingX GOAT-USDTlong | +0.0386% | 4h | 0.01875 | long leg | — | $6.6M | — | |
| Hyperliquid GOAT | +0.0643% | 1h | 0.01879 | +0.192% | $1.2M | $486K | 3x | as long as short |
| Orderly PERP_GOAT_USDC | +0.1737% | 4h | 0.01878 | +0.160% | $3K | $2K | 10x | as long as short |
Bybit GOATUSDT
Gate GOAT_USDT
KuCoin GOATUSDTM
Variational Omni GOAT
MEXC GOAT_USDT
Binance GOATUSDT
Hyperliquid GOAT
Orderly PERP_GOAT_USDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GOATUSD | +0.3353% | 1h | 0.01873 | −0.110% | $30K | $4K | 10x | as long as short |
Kraken Futures PF_GOATUSD