H

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.11 per $10,000 · paid last 24h −0.005%

Price spread now: BloFin against Binance−0.225%51s7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as 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−$1301.302% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.562%+$56 · spread now −0.225%, 7d avg +0.044%

Together, before fees+0.564%+$56 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.268% cheaper against Binance than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.044%). Swap the legs. The two prices were read 51 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	Binance HUSDT	0.07118	0.0100	pay 0.0050% / 4h	4m 27s	$15.3M	$10.6M	10x
Short	BloFin H-USDT	0.07102	0.0078	get 0.0039% / 4h	4m 27s	$596K	$118K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee BloFinbpOrdersPrice spread, now −0.225%Rate

Funding earned: −$4.53
Price spread: −0.225% → +0.044%: −$26.84
Slippage, 4 orders: −$108.18
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$161.54
Costs to cover: 1.302%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; BloFin: 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 Binance live order book, 6 min ago	1.42 bp	36.4 bp −$36	274.0 bp −$2,740	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	2.13 bp	35.2 bp −$35	111.7 bp −$1,117	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−12.194%	$1K	$1	5.5x	as long as short
BloFin H-USDTshort	+0.0078%	4h	0.07102	−0.225%	$596K	$118K	25x
Aster HUSDT	+0.0100%	4h	0.07111	−0.092%	$118K	$54K	5x	as long as short
Binance HUSDTlong	+0.0100%	4h	0.07118	long leg	$15.3M	$10.6M	10x
Bybit HUSDT	+0.0100%	4h	0.07104	−0.204%	$7.7M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07107	−0.155%	$1.8M	$6.1M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07104	−0.197%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07122	+0.056%	$6.4M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.07113	−0.070%	$1.7M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.07088	−0.421%	$1.8M	$450K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.07106	−0.169%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.07054	−0.898%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07038	−1.129%	$1.2M	$449K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07118	0.000%	$12K	$107K	5x	as long as short