Funding you earn now, next payment 08:00 UTC+0.0895%/8h= +98.0% APRnext payment +$4.48 per $10,000 · paid last 24h +0.061%
Price spread now: BingX against BloFin+0.133%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$580.582% of the position
Funding, last 7 days+0.348%+$35 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.133%, 7d avg +0.050%
=Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and BingX is 0.084% dearer against BloFin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.050%.
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 +$4.48 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 | BloFin IOST-USDT | 0.0009000 | −0.1417 | get 0.0709% / 4h | 1h 58m | $297K | $2.0M | 50x |
| Short | BingX IOST-USDT | 0.0009012 | −0.0522 | pay 0.0261% / 4h | 1h 58m | — | $2.4M | — |
BloFin IOST-USDT
BingX IOST-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
- $187.99
- Price spread: +0.133% → +0.050%
- $8.38
- Slippage, 4 orders
- −$36.23
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $138.15
- Costs to cover
- 0.582%
- Break-even
- 1.9 days
Slippage from BloFin: live order book, 4 min ago; BingX: 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 BloFin live order book, 4 min ago | 1.67 bp | 14.8 bp −$15 | 33.5 bp −$335 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 1.66 bp | 17.4 bp −$17 | 41.3 bp −$413 | 330.9 bp −$33.1K | 493.0 bp −$246.5K |
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 | −0.2116% | 4h | 0.0009013 | +0.144% | $1.6M | $4.1M | 10x | as long as short |
| Bybit IOSTUSDT | −0.1710% | 8h | 0.0009016 | +0.178% | $1.9M | $2.0M | 25x | as long as short |
| Variational Omni IOST | −0.1525% | 8h | 0.0008999 | −0.007% | $10K | $5K | — | as long as short |
| Binance IOSTUSDT | −0.1473% | 4h | 0.0009011 | +0.118% | $5.8M | $16.4M | 50x | as long as short |
| MEXC IOST_USDT | −0.1472% | 4h | 0.0009008 | +0.089% | $1.9M | $474K | 50x | as long as short |
| BloFin IOST-USDTlong | −0.1417% | 4h | 0.0009000 | long leg | $297K | $2.0M | 50x | |
| Bitget IOSTUSDT | −0.1262% | 4h | 0.0009015 | +0.167% | $681K | $2.3M | 25x | as long as short |
| BingX IOST-USDTshort | −0.0522% | 4h | 0.0009012 | +0.133% | — | $2.4M | — | |
| Gate IOST_USDT | −0.0352% | 4h | 0.0009000 | 0.000% | $703K | $526K | 25x | as long as short |
OKX IOST-USDT-SWAP
Bybit IOSTUSDT
Variational Omni IOST
Binance IOSTUSDT
MEXC IOST_USDT
Bitget IOSTUSDT
Gate IOST_USDT