IO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.26 per $10,000 · paid last 24h +0.001%

Price spread now: BloFin against Binance−0.197%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$850.854% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 3 days (all we have)+0.094%+$9 · spread now −0.197%, 7d avg +0.021%

Together, before fees+0.087%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.219% cheaper against Binance than usual: you would sell low and buy high (spread −0.197% now, against its 7-day average of +0.021%). If the spread goes back, that is −$22 on $10k: about 14 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IOUSDT	0.1519	0.0100	pay 0.0050% / 4h	6m 43s	$3.0M	$6.6M	50x
Short	BloFin IO-USDT	0.1516	0.0152	get 0.0076% / 4h	6m 43s	$192K	$31K	50x

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 −0.197%Rate

Funding earned: $10.95
Price spread: −0.197% → +0.021%: −$21.87
Slippage, 4 orders: −$63.38
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$96.3
Costs to cover: 0.854%
Break-even: 68.6 days

Slippage from Binance: live order book, 2 min ago; BloFin: live order book, 63 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, 2 min ago	3.29 bp	20.1 bp −$20	95.6 bp −$956	doesn't fit	doesn't fit
Sell BloFin live order book, 63 min ago	3.31 bp	29.5 bp −$29	68.8 bp −$688	493.4 bp −$49.3K	doesn't fit

IO on 14 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
Injective IO/USDC PERP	−0.0159%	1h	0.1519	0.000%	$2K	$106	5.5x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1519	+0.020%	$1.0M	$387K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1518	−0.035%	$6K	$32K	5x	as long as short
Binance IOUSDTlong	+0.0100%	4h	0.1519	long leg	$3.0M	$6.6M	50x
Bybit IOUSDT	+0.0100%	4h	0.1517	−0.112%	$1.1M	$892K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1517	−0.099%	$245K	$552K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1517	−0.132%	$1.2M	$232K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1518	−0.066%	$379K	$669K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1520	+0.066%	$1.3M	$1.2M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1519	0.000%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1512	−0.475%	$30K	$5K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1518	−0.064%	$5K	$171K	5x	as long as short
BloFin IO-USDTshort	+0.0152%	4h	0.1516	−0.197%	$192K	$31K	50x
Kraken Futures PF_IOUSD	+1.2558%	1h	0.1519	−0.017%	$39K	$19K	10x	as long as short