Funding you earn now, next payment 04:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.20 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against BloFin−0.043%101s7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as 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−$1171.166% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 3 days (all we have)−0.188%−$19 · spread now −0.043%, 7d avg −0.020%
=Funding pays, the price is against you. Binance is 0.023% cheaper against BloFin than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of −0.020%). If the spread goes back, that is −$2 on $10k: about 45 hours of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.017% in total) that is about 9.4 days. The two prices were read 101 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 | BloFin GWEI-USDT | 0.02333 | 0.0599 | pay 0.0300% / 4h | 3h 13m | $174K | $30K | 50x |
| Short | Binance GWEIUSDT | 0.02332 | 0.0640 | get 0.0320% / 4h | 3h 13m | $2.4M | $2.7M | 50x |
BloFin GWEI-USDT
Binance GWEIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $8.6
- Price spread: −0.043% → −0.020%
- −$2.3
- Slippage, 4 orders
- −$94.58
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$110.28
- Costs to cover
- 1.166%
- Break-even
- 96.7 days
Slippage from BloFin: live order book, 43 min ago; Binance: live order book, 7 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 BloFin live order book, 43 min ago | 2.15 bp | 19.3 bp −$19 | 114.0 bp −$1,140 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 2.15 bp | 30.3 bp −$30 | 149.3 bp −$1,493 | doesn't fit | doesn't fit |
GWEI 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 GWEIUSDT | +0.0100% | 4h | 0.02333 | 0.000% | $383K | $126K | 25x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02331 | −0.101% | $4K | $55 | — | as long as short |
| KuCoin GWEIUSDTM | +0.0240% | 4h | 0.02329 | −0.163% | $467K | $20K | 20x | as long as short |
| BloFin GWEI-USDTlong | +0.0599% | 4h | 0.02333 | long leg | $174K | $30K | 50x | |
| MEXC GWEI_USDT | +0.0620% | 4h | 0.02335 | +0.086% | $106K | $87K | 20x | as long as short |
| Extended GWEI-USD | +0.0624% | 1h | 0.02331 | −0.065% | $5K | $126K | 5x | as long as short |
| Binance GWEIUSDTshort | +0.0640% | 4h | 0.02332 | −0.043% | $2.4M | $2.7M | 50x | |
| BingX GWEI-USDT | +0.0700% | 4h | 0.02334 | +0.043% | — | $1.6M | — | as long as short |
| Bitget GWEIUSDT | +0.0744% | 4h | 0.02328 | −0.214% | $1.9M | $219K | 20x | as long as short |
| Gate GWEI_USDT | +0.0796% | 4h | 0.02329 | −0.176% | $390K | $408K | 10x | as long as short |
Bybit GWEIUSDT
Variational Omni GWEI
KuCoin GWEIUSDTM
MEXC GWEI_USDT
Extended GWEI-USD
BingX GWEI-USDT
Bitget GWEIUSDT
Gate GWEI_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1608% | 4h | 0.02327 | −0.257% | $18K | $17K | 10x | as long as short |
Aster GWEIUSDT