Funding you earn now, next payment 16:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.21 per $10,000 · paid last 24h −0.004%
Price spread now: Binance against BloFin+0.121%61s7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as 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−$800.805% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.121%, 7d avg −0.017%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.138% dearer against BloFin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.017%. The two prices were read 61 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 | BloFin IOTA-USDT | 0.04803 | 0.0079 | pay 0.0079% / 8h | 7h 12m | $164K | $44K | 75x |
| Short | Binance IOTAUSDT | 0.04809 | 0.0100 | get 0.0100% / 8h | 7h 12m | $3.4M | $5.7M | 75x |
BloFin IOTA-USDT
Binance IOTAUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.35
- Price spread: +0.121% → −0.017%
- $13.82
- Slippage, 4 orders
- −$58.45
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$62.29
- Costs to cover
- 0.805%
- Break-even
- 107.2 days
Slippage from BloFin: live order book, 53 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, 53 min ago | 4.20 bp | 18.6 bp −$19 | 46.3 bp −$463 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 2.09 bp | 24.7 bp −$25 | 88.8 bp −$888 | 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 | +0.0060% | 1h | 0.04810 | +0.151% | $14K | $28K | 10x | as long as short |
| BloFin IOTA-USDTlong | +0.0079% | 8h | 0.04803 | long leg | $164K | $44K | 75x | |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04810 | +0.152% | $902K | $327K | 3x | as long as short |
| Binance IOTAUSDTshort | +0.0100% | 8h | 0.04809 | +0.121% | $3.4M | $5.7M | 75x | |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04805 | +0.042% | $2.2M | $1.4M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04807 | +0.083% | $555K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04803 | 0.000% | $829K | $252K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04807 | +0.083% | $591K | $173K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04816 | +0.271% | $1.8M | $721K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04806 | +0.062% | — | $2.3M | — | as long as short |
Kraken Futures PF_IOTAUSD
Hyperliquid IOTA
Bybit IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni IOTA | +0.0100% | 8h | 0.04803 | −0.004% | $51K | $33K | — | as long as short |
| KuCoin IOTAUSDTM | +0.0809% | 8h | 0.04809 | +0.125% | $2.8M | $185K | 30x | as long as short |
Variational Omni IOTA
KuCoin IOTAUSDTM