Funding you earn now, next payment 16:00 UTC−0.0032%/8h= −3.6% APRnext payment −$0.32 per $10,000 · paid last 24h −0.001%
Price spread now: Binance against BloFin+1.640%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs+$44as in the Price arb table
costs, in and out, $10k−$1221.218% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)−1.571%−$157 · spread now +1.640%, 7d avg −0.015%
=The price spread pays, funding is against you. Binance is 1.655% dearer against BloFin than usual: you sell high and buy low (spread +1.640% now, against its 7-day average of −0.015%): +$166 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin HOT-USDT | 0.0004324 | 0.0154 | pay 0.0154% / 8h | 4h 52m | $150K | $56K | 50x |
| Short | Binance HOTUSDT | 0.0004395 | 0.0121 | get 0.0121% / 8h | 4h 52m | $1.6M | $3.6M | 50x |
BloFin HOT-USDT
Binance HOTUSDTFunding 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
- −$6.82
- Price spread: +1.640% → −0.015%
- $165.5
- Slippage, 4 orders
- −$99.75
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $36.93
- Costs to cover
- 1.218%
- Break-even
- from the start
Slippage from BloFin: live order book, 44 min ago; Binance: live order book, 5 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, 44 min ago | 4.86 bp | 27.7 bp −$28 | 66.5 bp −$665 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 3.56 bp | 36.9 bp −$37 | 178.1 bp −$1,781 | doesn't fit | doesn't fit |
HOT on 5 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HOTUSDTM | +0.0100% | 8h | 0.0004374 | +1.156% | $91K | $51K | 30x | as long as short |
| Bitget HOTUSDT | +0.0100% | 8h | 0.0004372 | +1.110% | $344K | $241K | 25x | as long as short |
| Binance HOTUSDTshort | +0.0121% | 8h | 0.0004395 | +1.640% | $1.6M | $3.6M | 50x | |
| MEXC HOT_USDT | +0.0129% | 8h | 0.0004391 | +1.549% | $400K | $191K | 50x | as long as short |
| BloFin HOT-USDTlong | +0.0154% | 8h | 0.0004324 | long leg | $150K | $56K | 50x |
KuCoin HOTUSDTM
Bitget HOTUSDT
MEXC HOT_USDT