Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.30 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Binance+0.043%91s7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as 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−$660.661% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.043%, 7d avg +0.021%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.022% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.021%. The two prices were read 91 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 | Binance IOTAUSDT | 0.04860 | 0.0100 | pay 0.0100% / 8h | 7h 59m | $3.5M | $5.8M | 75x |
| Short | BloFin IOTA-USDT | 0.04862 | 0.0130 | get 0.0130% / 8h | 7h 59m | $169K | $37K | 75x |
Binance IOTAUSDT
BloFin IOTA-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $6.25
- Price spread: +0.043% → +0.021%
- $2.2
- Slippage, 4 orders
- −$44.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$57.63
- Costs to cover
- 0.661%
- Break-even
- 71.6 days
Slippage from Binance: live order book, 9 min ago; BloFin: live order book, 62 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, 9 min ago | 2.07 bp | 16.2 bp −$16 | 58.7 bp −$587 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 62 min ago | 2.07 bp | 19.1 bp −$19 | 41.1 bp −$411 | doesn't fit | doesn't fit |
IOTA on 12 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_IOTAUSD | −0.0806% | 1h | 0.04863 | +0.072% | $18K | $16K | 10x | as long as short |
| Binance IOTAUSDTlong | +0.0100% | 8h | 0.04860 | long leg | $3.5M | $5.8M | 75x | |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04861 | +0.023% | $2.2M | $1.3M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04856 | −0.080% | $562K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04860 | +0.002% | $890K | $177K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04859 | −0.019% | $609K | $176K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04868 | +0.167% | $1.8M | $702K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04860 | +0.002% | — | $2.3M | — | as long as short |
| Variational Omni IOTA | +0.0100% | 8h | 0.04855 | −0.094% | $38K | $36K | — | as long as short |
| BloFin IOTA-USDTshort | +0.0130% | 8h | 0.04862 | +0.043% | $169K | $37K | 75x |
Kraken Futures PF_IOTAUSD
Bybit IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDT
Variational Omni IOTAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin IOTAUSDTM | +0.0718% | 8h | 0.04874 | +0.290% | $2.8M | $235K | 30x | as long as short |
| Hyperliquid IOTA | +0.1599% | 1h | 0.04870 | +0.212% | $857K | $259K | 3x | as long as short |
KuCoin IOTAUSDTM
Hyperliquid IOTA