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: BingX against BloFin−0.110%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1071.070% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 3 days (all we have)+0.070%+$7 · spread now −0.110%, 7d avg −0.069%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.041% cheaper against BloFin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.069%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin INIT-USDT | 0.08178 | 0.0094 | pay 0.0047% / 4h | 2h 40m | $155K | $110K | 25x |
| Short | BingX INIT-USDT | 0.08169 | 0.0100 | get 0.0050% / 4h | 2h 40m | — | $6.6M | — |
BloFin INIT-USDT
BingX INIT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $1.32
- Price spread: −0.110% → −0.069%
- −$4.08
- Slippage, 4 orders
- −$85.01
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$109.77
- Costs to cover
- 1.070%
- Break-even
- 588.4 days
Slippage from BloFin: live order book, 40 min ago; BingX: live order book, 2 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 | 7.30 bp | 27.6 bp −$28 | 70.9 bp −$709 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 4.90 bp | 26.2 bp −$26 | 76.0 bp −$760 | 514.0 bp −$51.4K | 830.9 bp −$415.5K |
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-USDTlong | +0.0094% | 4h | 0.08178 | long leg | $155K | $110K | 25x | |
| Hyperliquid INIT | +0.0100% | 1h | 0.08162 | −0.197% | $296K | $235K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08169 | −0.109% | $27K | $36K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08168 | −0.123% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08162 | −0.196% | $1.4M | $1.4M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08171 | −0.086% | $132K | $630K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08164 | −0.171% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08166 | −0.147% | $444K | $215K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08175 | −0.037% | $325K | $55K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08179 | +0.012% | $427K | $311K | 25x | as long as short |
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDTshort | +0.0100% | 4h | 0.08169 | −0.110% | — | $6.6M | — | |
| Variational Omni INIT | +0.0100% | 4h | 0.08158 | −0.250% | $26K | $23K | — | as long as short |
| Kraken Futures PF_INITUSD | +0.0535% | 1h | 0.08170 | −0.094% | $6K | $17K | 10x | as long as short |
Variational Omni INIT
Kraken Futures PF_INITUSD