INIT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against BingX+0.110%111s7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as 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−$930.935% of the position

Long on BingX 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)−0.004%$0 · spread now +0.110%, 7d avg +0.069%

Together, before fees+0.005%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.041% dearer against BingX than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of +0.069%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days. The two prices were read 111 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	BingX INIT-USDT	0.08180	0.0100	pay 0.0050% / 4h	3h 29m	—	$6.6M	—
Short	BloFin INIT-USDT	0.08189	0.0072	get 0.0036% / 4h	3h 29m	$155K	$110K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now +0.110%Rate

Funding earned: −$5.91
Price spread: +0.110% → +0.069%: $4.07
Slippage, 4 orders: −$71.5
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$95.34
Costs to cover: 0.935%
Break-even: never at this rate

Slippage from BingX: live order book, 18 min ago; BloFin: live order book, 12 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 BingX live order book, 18 min ago	6.15 bp	28.3 bp −$28	76.5 bp −$765	525.9 bp −$52.6K	822.8 bp −$411.4K
Sell BloFin live order book, 12 min ago	0.61 bp	18.5 bp −$18	55.0 bp −$550	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	+0.0072%	4h	0.08189	+0.110%	$155K	$110K	25x
Hyperliquid INIT	+0.0100%	1h	0.08183	+0.035%	$296K	$238K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08180	+0.002%	$27K	$36K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08188	+0.098%	$3.4M	$3.6M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08171	−0.110%	$1.4M	$1.4M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08183	+0.037%	$133K	$633K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08176	−0.049%	$83K	$56K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08187	+0.086%	$445K	$216K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	0.08192	+0.147%	$326K	$56K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	0.08179	−0.012%	$427K	$312K	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-USDTlong	+0.0100%	4h	0.08180	long leg	—	$6.6M	—
Variational Omni INIT	+0.0100%	4h	0.08170	−0.124%	$26K	$23K	—	as long as short
Kraken Futures PF_INITUSD	+0.1077%	1h	0.08189	+0.105%	$6K	$18K	10x	as long as short