Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.06 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Binance−0.072%61s7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as 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−$1121.123% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.072%, 7d avg +0.019%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.091% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.019%. The two prices were read 61 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 HOTUSDT | 0.0004176 | 0.0100 | pay 0.0100% / 8h | 2h 38m | $1.5M | $2.6M | 50x |
| Short | BloFin HOT-USDT | 0.0004173 | 0.0106 | get 0.0106% / 8h | 2h 38m | $146K | $49K | 50x |
Binance HOTUSDT
BloFin HOT-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
- $1.27
- Price spread: −0.072% → +0.019%
- −$9.08
- Slippage, 4 orders
- −$90.34
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$120.15
- Costs to cover
- 1.123%
- Break-even
- 667.6 days
Slippage from Binance: live order book, 12 min ago; BloFin: live order book, 33 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, 12 min ago | 2.37 bp | 31.9 bp −$32 | 270.4 bp −$2,704 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 33 min ago | 2.36 bp | 22.5 bp −$23 | 74.3 bp −$743 | doesn't fit | doesn't fit |
HOT on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance HOTUSDTlong | +0.0100% | 8h | 0.0004176 | long leg | $1.5M | $2.6M | 50x | |
| MEXC HOT_USDT | +0.0100% | 8h | 0.0004173 | −0.072% | $416K | $154K | 50x | as long as short |
| KuCoin HOTUSDTM | +0.0100% | 8h | 0.0004182 | +0.144% | $95K | $43K | 30x | as long as short |
| Bitget HOTUSDT | +0.0100% | 8h | 0.0004173 | −0.072% | $308K | $230K | 25x | as long as short |
| BloFin HOT-USDTshort | +0.0106% | 8h | 0.0004173 | −0.072% | $146K | $49K | 50x |
MEXC HOT_USDT
KuCoin HOTUSDTM
Bitget HOTUSDT