IO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h −0.001%

Price spread now: Binance against BloFin+0.058%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$740.741% of the position

Long on BloFin Short on Binance

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)+0.032%+$3 · spread now +0.058%, 7d avg −0.022%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.079% dearer against BloFin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IO-USDT	0.1511	0.0054	pay 0.0027% / 4h	1h 12m	$194K	$31K	50x
Short	Binance IOUSDT	0.1512	0.0100	get 0.0050% / 4h	1h 12m	$3.0M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.058%Rate

Funding earned: $9.65
Price spread: +0.058% → −0.022%: $7.94
Slippage, 4 orders: −$52.13
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$56.53
Costs to cover: 0.741%
Break-even: 48.0 days

Slippage from BloFin: live order book, 62 min ago; Binance: live order book, 11 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, 62 min ago	6.61 bp	14.7 bp −$15	46.6 bp −$466	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	3.30 bp	18.9 bp −$19	94.3 bp −$943	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
Kraken Futures PF_IOUSD	−0.0640%	1h	0.1513	+0.120%	$39K	$21K	10x	as long as short
BloFin IO-USDTlong	+0.0054%	4h	0.1511	long leg	$194K	$31K	50x
Hyperliquid IO	+0.0100%	1h	0.1509	−0.132%	$1.0M	$387K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1512	+0.043%	$6K	$32K	5x	as long as short
Binance IOUSDTshort	+0.0100%	4h	0.1512	+0.058%	$3.0M	$6.5M	50x
Bybit IOUSDT	+0.0100%	4h	0.1509	−0.132%	$1.1M	$874K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1509	−0.106%	$248K	$549K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1510	−0.066%	$1.1M	$231K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1510	−0.066%	$399K	$654K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1512	+0.066%	$1.3M	$1.2M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDT	+0.0100%	4h	0.1509	−0.132%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1509	−0.145%	$30K	$5K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1512	+0.046%	$5K	$171K	5x	as long as short
Injective IO/USDC PERP	+0.0163%	1h	0.1514	+0.199%	$2K	$106	5.5x	as long as short