Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.26 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against BingX−0.053%81s7-day average +0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as 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−$1231.233% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.423%+$42 · spread now −0.053%, 7d avg +0.067%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.121% cheaper against BingX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.067%). Swap the legs. The two prices were read 81 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 | BingX IOTX-USDT | 0.003745 | 0.0100 | pay 0.0100% / 8h | 5h 43m | — | $1.6M | — |
| Short | BloFin IOTX-USDT | 0.003743 | 0.0074 | get 0.0074% / 8h | 5h 43m | — | $17K | 50x |
BingX IOTX-USDT
BloFin IOTX-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
- −$5.44
- Price spread: −0.053% → +0.067%
- −$12.05
- Slippage, 4 orders
- −$101.3
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$140.79
- Costs to cover
- 1.233%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; BloFin: live order book, 76 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, 3 min ago | 6.72 bp | 37.3 bp −$37 | 158.8 bp −$1,588 | 828.2 bp −$82.8K | 1197.6 bp −$598.8K |
| Sell BloFin live order book, 76 min ago | 4.07 bp | 35.1 bp −$35 | 66.3 bp −$663 | doesn't fit | doesn't fit |
IOTX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin IOTX-USDTshort | +0.0074% | 8h | 0.003743 | −0.053% | — | $17K | 50x | |
| Binance IOTXUSDT | +0.0100% | 8h | 0.003745 | +0.009% | $2.1M | $5.2M | 50x | as long as short |
| Bybit IOTXUSDT | +0.0100% | 8h | 0.003751 | +0.160% | $410K | $544K | 25x | as long as short |
| Gate IOTX_USDT | +0.0100% | 8h | 0.003741 | −0.107% | $142K | $143K | 50x | as long as short |
| MEXC IOTX_USDT | +0.0100% | 8h | 0.003745 | 0.000% | $810K | $437K | 50x | as long as short |
| KuCoin IOTXUSDTM | +0.0100% | 8h | 0.003756 | +0.294% | $738K | $79K | 30x | as long as short |
| Bitget IOTXUSDT | +0.0100% | 8h | 0.003746 | +0.027% | $355K | $340K | 50x | as long as short |
| BingX IOTX-USDTlong | +0.0100% | 8h | 0.003745 | long leg | — | $1.6M | — | |
| Variational Omni IOTX | +0.0100% | 8h | 0.003718 | −0.712% | $3K | $2K | — | as long as short |
| Aster IOTXUSDT | +0.0355% | 1h | 0.003732 | −0.336% | $11K | $15K | 5x | as long as short |
Binance IOTXUSDT
Bybit IOTXUSDT
Gate IOTX_USDT
MEXC IOTX_USDT
KuCoin IOTXUSDTM
Bitget IOTXUSDT
Variational Omni IOTX
Aster IOTXUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IOTXUSD | +1.1853% | 1h | 0.003738 | −0.190% | $25K | $8K | 10x | as long as short |
Kraken Futures PF_IOTXUSD