Funding you earn now, next payment 08:00 UTC−0.1184%/8h= −129.7% APRnext payment −$5.92 per $10,000 · paid last 24h −0.061%
Price spread now: BloFin against BingX−0.277%66s7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as 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−$620.619% of the position
Funding, last 7 days−0.348%−$35 on $10k
+Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.277%, 7d avg −0.050%
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and BloFin is 0.227% cheaper against BingX than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.050%). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.348% in total (about -18.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.92 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX IOST-USDT | 0.0009027 | −0.0624 | get 0.0312% / 4h | 2h 38m | — | $2.4M | — |
| Short | BloFin IOST-USDT | 0.0009002 | −0.1808 | pay 0.0904% / 4h | 2h 38m | $302K | $2.0M | 50x |
BingX IOST-USDT
BloFin IOST-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$248.73
- Price spread: −0.277% → −0.050%
- −$22.74
- Slippage, 4 orders
- −$39.9
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$333.37
- Costs to cover
- 0.619%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; BloFin: live order book, 5 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, 6 min ago | 2.75 bp | 16.8 bp −$17 | 42.6 bp −$426 | 353.1 bp −$35.3K | 450.7 bp −$225.4K |
| Sell BloFin live order book, 5 min ago | 5.51 bp | 14.4 bp −$14 | 30.8 bp −$308 | doesn't fit | doesn't fit |
IOST on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX IOST-USDT-SWAP | −0.2451% | 4h | 0.0009030 | +0.033% | $1.6M | $4.2M | 10x | as long as short |
| Bybit IOSTUSDT | −0.2009% | 8h | 0.0009036 | +0.100% | $1.9M | $2.0M | 25x | as long as short |
| BloFin IOST-USDTshort | −0.1808% | 4h | 0.0009002 | −0.277% | $302K | $2.0M | 50x | |
| Variational Omni IOST | −0.1755% | 8h | 0.0009059 | +0.355% | $10K | $5K | — | as long as short |
| MEXC IOST_USDT | −0.1754% | 4h | 0.0009025 | −0.022% | $1.9M | $480K | 50x | as long as short |
| Binance IOSTUSDT | −0.1749% | 4h | 0.0009026 | −0.016% | $5.9M | $16.4M | 50x | as long as short |
| Bitget IOSTUSDT | −0.1510% | 4h | 0.0009030 | +0.033% | $667K | $2.3M | 25x | as long as short |
| Gate IOST_USDT | −0.0628% | 4h | 0.0009020 | −0.078% | $717K | $520K | 25x | as long as short |
| BingX IOST-USDTlong | −0.0624% | 4h | 0.0009027 | long leg | — | $2.4M | — |
OKX IOST-USDT-SWAP
Bybit IOSTUSDT
Variational Omni IOST
MEXC IOST_USDT
Binance IOSTUSDT
Bitget IOSTUSDT
Gate IOST_USDT