Funding you earn now, next payment 00:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.003%
Price spread now: BingX against BloFin+0.021%66s7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as 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−$700.699% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 3 days (all we have)−0.167%−$17 · spread now +0.021%, 7d avg −0.040%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.061% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.040%. The two prices were read 66 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 | 0.04805 | 0.0075 | pay 0.0075% / 8h | 2h 24m | $169K | $36K | 75x |
| Short | BingX IOTA-USDT | 0.04806 | 0.0100 | get 0.0100% / 8h | 2h 24m | — | $2.3M | — |
BloFin IOTA-USDT
BingX IOTA-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
- $5.29
- Price spread: +0.021% → −0.040%
- $6.09
- Slippage, 4 orders
- −$47.87
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$58.48
- Costs to cover
- 0.699%
- Break-even
- 84.3 days
Slippage from BloFin: live order book, 57 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, 57 min ago | 1.04 bp | 13.6 bp −$14 | 37.1 bp −$371 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 5.22 bp | 21.7 bp −$22 | 50.3 bp −$503 | 374.1 bp −$37.4K | 479.6 bp −$239.8K |
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 | −0.0667% | 1h | 0.04808 | +0.064% | $18K | $16K | 10x | as long as short |
| BloFin IOTA-USDTlong | +0.0075% | 8h | 0.04805 | long leg | $169K | $36K | 75x | |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04812 | +0.144% | $829K | $242K | 3x | as long as short |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04808 | +0.060% | $3.4M | $5.7M | 75x | as long as short |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04807 | +0.042% | $2.2M | $1.3M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04808 | +0.062% | $565K | $1.3M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04808 | +0.062% | $885K | $177K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04808 | +0.062% | $587K | $188K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04810 | +0.104% | $1.7M | $601K | 50x | as long as short |
| BingX IOTA-USDTshort | +0.0100% | 8h | 0.04806 | +0.021% | — | $2.3M | — |
Kraken Futures PF_IOTAUSD
Hyperliquid IOTA
Binance IOTAUSDT
Bybit IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni IOTA | +0.0100% | 8h | 0.04802 | −0.056% | $38K | $36K | — | as long as short |
| KuCoin IOTAUSDTM | +0.0617% | 8h | 0.04809 | +0.083% | $2.7M | $223K | 30x | as long as short |
Variational Omni IOTA
KuCoin IOTAUSDTM