INIT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.03 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Binance+0.123%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$1071.069% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 3 days (all we have)−0.126%−$13 · spread now +0.123%, 7d avg +0.007%

Together, before fees−0.118%−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.116% dearer against Binance than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance INITUSDT	0.08168	0.0100	pay 0.0050% / 4h	2h 40m	$3.4M	$3.6M	25x
Short	BloFin INIT-USDT	0.08178	0.0094	get 0.0047% / 4h	2h 40m	$155K	$110K	25x

Funding 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 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 BinancebpFee BloFinbpOrdersPrice spread, now +0.123%Rate

Funding earned: −$1.32
Price spread: +0.123% → +0.007%: $11.59
Slippage, 4 orders: −$84.88
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$96.61
Costs to cover: 1.069%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 40 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, 11 min ago	3.06 bp	24.7 bp −$25	85.6 bp −$856	doesn't fit	doesn't fit
Sell BloFin live order book, 40 min ago	7.30 bp	25.9 bp −$26	71.3 bp −$713	doesn't fit	doesn't fit

INIT on 13 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
BloFin INIT-USDTshort	+0.0094%	4h	0.08178	+0.123%	$155K	$110K	25x
Hyperliquid INIT	+0.0100%	1h	0.08162	−0.074%	$296K	$235K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08169	+0.014%	$27K	$36K	5x	as long as short
Binance INITUSDTlong	+0.0100%	4h	0.08168	long leg	$3.4M	$3.6M	25x
Bybit INITUSDT	+0.0100%	4h	0.08162	−0.073%	$1.4M	$1.4M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08171	+0.037%	$132K	$630K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08164	−0.048%	$83K	$56K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08166	−0.024%	$444K	$215K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	0.08175	+0.086%	$325K	$55K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	0.08179	+0.135%	$427K	$311K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX INIT-USDT	+0.0100%	4h	0.08169	+0.013%	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	0.08158	−0.127%	$26K	$23K	—	as long as short
Kraken Futures PF_INITUSD	+0.0535%	1h	0.08170	+0.029%	$6K	$17K	10x	as long as short