IO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.22 per $10,000 · paid last 24h +0.004%

Price spread now: BloFin against BingX+0.197%66s7-day average +0.048% · 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—prices read too far apart to compare

costs, in and out, $10k−$980.980% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 3 days (all we have)−0.268%−$27 · spread now +0.197%, 7d avg +0.048%

Together, before fees−0.345%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.150% dearer against BingX than usual: you sell high and buy low (spread +0.197% now, against its 7-day average of +0.048%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. The two prices were read 66 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 IO-USDT	0.1522	0.0100	pay 0.0050% / 4h	3h 18m	—	$1.3M	—
Short	BloFin IO-USDT	0.1525	0.0057	get 0.0028% / 4h	3h 18m	$194K	$32K	50x

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 +0.197%Rate

Funding earned: −$9.03
Price spread: +0.197% → +0.048%: $14.95
Slippage, 4 orders: −$76
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$92.08
Costs to cover: 0.980%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; BloFin: live order book, 47 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, 11 min ago	6.57 bp	24.9 bp −$25	60.6 bp −$606	460.0 bp −$46.0K	574.2 bp −$287.1K
Sell BloFin live order book, 47 min ago	13.13 bp	26.4 bp −$26	72.8 bp −$728	doesn't fit	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
BloFin IO-USDTshort	+0.0057%	4h	0.1525	+0.197%	$194K	$32K	50x
Hyperliquid IO	+0.0100%	1h	0.1522	−0.013%	$1.0M	$383K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1518	−0.264%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1521	−0.039%	$3.0M	$6.6M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1520	−0.118%	$1.1M	$895K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1518	−0.256%	$241K	$547K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1521	−0.066%	$1.2M	$231K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1521	−0.066%	$365K	$676K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1522	0.000%	$1.3M	$1.2M	50x	as long as short
BingX IO-USDTlong	+0.0100%	4h	0.1522	long leg	—	$1.3M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1523	+0.082%	$33K	$8K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1518	−0.255%	$910	$124K	5x	as long as short
Injective IO/USDC PERP	+0.0414%	1h	0.1517	−0.329%	$2K	$202	5.5x	as long as short
Kraken Futures PF_IOUSD	+0.0618%	1h	0.1526	+0.264%	$40K	$18K	10x	as long as short