Funding you earn now, next payment 08:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.15 per $10,000 · paid last 24h +0.001%
Price spread now: Binance against BloFin−1.069%101s7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$200as 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−$2002.000% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+1.013%+$101 · spread now −1.069%, 7d avg +0.036%
=Funding pays, the price is against you. Binance is 1.105% cheaper against BloFin than usual: you would sell low and buy high (spread −1.069% now, against its 7-day average of +0.036%). If the spread goes back, that is −$110 on $10k: about 4 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.001% in total) that is about years. 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 HANA-USDT | 0.01472 | 0.0360 | pay 0.0180% / 4h | 39m 34s | $334K | $5K | 10x |
| Short | Binance HANAUSDT | 0.01456 | 0.0391 | get 0.0195% / 4h | 39m 34s | $5.1M | $2.5M | 10x |
BloFin HANA-USDT
Binance HANAUSDTFunding 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
- $6.43
- Price spread: −1.069% → +0.036%
- −$110.49
- Slippage, 4 orders
- −$178.04
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$304.11
- Costs to cover
- 2.000%
- Break-even
- 338.2 days
Slippage from BloFin: live order book, 40 min ago; Binance: live order book, 13 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, 40 min ago | 3.40 bp | 32.6 bp −$33 | 300.1 bp −$3,001 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 3.40 bp | 59.5 bp −$59 | 282.9 bp −$2,829 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HANAUSDT | +0.0100% | 4h | 0.01459 | −0.904% | $13K | $7K | 5x | as long as short |
| Bybit HANAUSDT | +0.0100% | 4h | 0.01460 | −0.815% | $883K | $512K | 25x | as long as short |
| Gate HANA_USDT | +0.0100% | 8h | 0.01459 | −0.883% | $634K | $612K | 25x | as long as short |
| KuCoin HANAUSDTM | +0.0100% | 4h | 0.01459 | −0.883% | $601K | $763K | 10x | as long as short |
| BloFin HANA-USDTlong | +0.0360% | 4h | 0.01472 | long leg | $334K | $5K | 10x | |
| BingX HANA-USDT | +0.0384% | 4h | 0.01460 | −0.815% | — | $6.5M | — | as long as short |
| MEXC HANA_USDT | +0.0386% | 4h | 0.01457 | −1.019% | $78K | $91K | 100x | as long as short |
| Binance HANAUSDTshort | +0.0391% | 4h | 0.01456 | −1.069% | $5.1M | $2.5M | 10x |
Aster HANAUSDT
Bybit HANAUSDT
Gate HANA_USDT
KuCoin HANAUSDTM
BingX HANA-USDT
MEXC HANA_USDT