H

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.20 per $10,000 · paid last 24h −0.005%

Price spread now: BloFin against BingX−0.189%7-day average +0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$810.813% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.907%+$91 · spread now −0.189%, 7d avg +0.112%

Together, before fees+0.908%+$91 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 0.301% cheaper against BingX than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.112%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX H-USDT	0.06862	0.0100	pay 0.0050% / 4h	1h 52m	—	$2.7M	—
Short	BloFin H-USDT	0.06849	0.0060	get 0.0030% / 4h	1h 52m	$587K	$114K	25x

Funding 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 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 BingXbpFee BloFinbpOrdersPrice spread, now −0.189%Rate

Funding earned: −$8.44
Price spread: −0.189% → +0.112%: −$30.11
Slippage, 4 orders: −$59.26
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$119.82
Costs to cover: 0.813%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; BloFin: live order book, 28 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, 12 min ago	2.90 bp	14.8 bp −$15	116.1 bp −$1,161	1029.8 bp −$103.0K	1360.5 bp −$680.2K
Sell BloFin live order book, 28 min ago	0.71 bp	25.5 bp −$25	doesn't fit	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	−8.919%	$1K	$1	5.5x	as long as short
BloFin H-USDTshort	+0.0060%	4h	0.06849	−0.189%	$587K	$114K	25x
Aster HUSDT	+0.0100%	4h	0.06854	−0.120%	$114K	$52K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06867	+0.072%	$14.7M	$10.6M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06871	+0.131%	$7.5M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06884	+0.321%	$1.7M	$5.7M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06850	−0.175%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06859	−0.044%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06850	−0.175%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06844	−0.262%	$1.7M	$458K	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-USDTlong	+0.0100%	4h	0.06862	long leg	—	$2.7M	—
Variational Omni H	+0.0100%	4h	0.06801	−0.890%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06828	−0.490%	$1.1M	$455K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06859	−0.047%	$11K	$107K	5x	as long as short