Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Binance+0.135%81s7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$232as 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−$2322.319% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.135%, 7d avg −0.038%
=The price spread pays, funding is against you. BloFin is 0.173% dearer against Binance than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of −0.038%): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 7 days (−0.001% in total) that is about years. The two prices were read 81 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 HANAUSDT | 0.01458 | 0.0419 | pay 0.0209% / 4h | 3h 51m | $5.1M | $2.7M | 10x |
| Short | BloFin HANA-USDT | 0.01460 | 0.0387 | get 0.0193% / 4h | 3h 51m | $337K | $5K | 10x |
Binance HANAUSDT
BloFin HANA-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.73
- Price spread: +0.135% → −0.038%
- $17.31
- Slippage, 4 orders
- −$209.89
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$221.31
- Costs to cover
- 2.319%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; BloFin: live order book, 43 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, 1 min ago | 3.42 bp | 58.8 bp −$59 | 542.1 bp −$5,421 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 43 min ago | 10.28 bp | 45.2 bp −$45 | 199.9 bp −$1,999 | doesn't fit | doesn't fit |
HANA on 8 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 HANAUSDT | +0.0100% | 4h | 0.01461 | +0.224% | $904K | $556K | 25x | as long as short |
| Aster HANAUSDT | +0.0138% | 4h | 0.01459 | +0.093% | $13K | $9K | 5x | as long as short |
| BloFin HANA-USDTshort | +0.0387% | 4h | 0.01460 | +0.135% | $337K | $5K | 10x | |
| MEXC HANA_USDT | +0.0418% | 4h | 0.01460 | +0.135% | $67K | $88K | 100x | as long as short |
| Binance HANAUSDTlong | +0.0419% | 4h | 0.01458 | long leg | $5.1M | $2.7M | 10x | |
| BingX HANA-USDT | +0.0438% | 4h | 0.01458 | −0.002% | — | $6.5M | — | as long as short |
| Gate HANA_USDT | +0.0452% | 8h | 0.01461 | +0.204% | $639K | $595K | 25x | as long as short |
| KuCoin HANAUSDTM | +0.0608% | 4h | 0.01457 | −0.071% | $601K | $808K | 10x | as long as short |
Bybit HANAUSDT
Aster HANAUSDT
MEXC HANA_USDT
BingX HANA-USDT
Gate HANA_USDT
KuCoin HANAUSDTM