Funding you earn now, next payment 00:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.45 per $10,000 · paid last 24h −0.006%
Price spread now: BloFin against BingX−0.157%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$810.809% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 3 days (all we have)+0.240%+$24 · spread now −0.157%, 7d avg −0.046%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.111% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.046%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX LAYER-USDT | 0.07643 | 0.0150 | pay 0.0075% / 4h | 1h 56m | — | $1.6M | — |
| Short | BloFin LAYER-USDT | 0.07631 | 0.0061 | get 0.0030% / 4h | 1h 56m | $114K | $12K | 50x |
BingX LAYER-USDT
BloFin LAYER-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
- −$18.71
- Price spread: −0.157% → −0.046%
- −$11.05
- Slippage, 4 orders
- −$58.91
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$110.67
- Costs to cover
- 0.809%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; BloFin: live order book, 15 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, 4 min ago | 5.24 bp | 23.2 bp −$23 | 105.2 bp −$1,052 | 546.0 bp −$54.6K | 746.5 bp −$373.3K |
| Sell BloFin live order book, 15 min ago | 0.65 bp | 17.4 bp −$17 | 63.3 bp −$633 | doesn't fit | doesn't fit |
LAYER on 13 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_LAYERUSD | −0.0448% | 1h | 0.07635 | −0.107% | $8K | $964 | 10x | as long as short |
| Injective LAYER/USDC PERP | +0.0033% | 1h | 0.07274 | −4.828% | — | $18K | 5.5x | as long as short |
| BloFin LAYER-USDTshort | +0.0061% | 4h | 0.07631 | −0.157% | $114K | $12K | 50x | |
| Hyperliquid LAYER | +0.0100% | 1h | 0.07645 | +0.021% | $587K | $163K | 3x | as long as short |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07635 | −0.103% | $9K | $2K | 5x | as long as short |
| Binance LAYERUSDT | +0.0100% | 4h | 0.07636 | −0.091% | $2.1M | $2.3M | 50x | as long as short |
| OKX LAYER-USDT-SWAP | +0.0100% | 4h | 0.07638 | −0.065% | $700K | $656K | 20x | as long as short |
| Gate LAYER_USDT | +0.0100% | 4h | 0.07635 | −0.105% | $137K | $54K | 20x | as long as short |
| MEXC LAYER_USDT | +0.0100% | 4h | 0.07634 | −0.118% | $352K | $112K | 20x | as long as short |
| Bitget LAYERUSDT | +0.0100% | 4h | 0.07636 | −0.092% | $1.1M | $163K | 50x | as long as short |
Kraken Futures PF_LAYERUSD
Injective LAYER/USDC PERP
Hyperliquid LAYER
Aster LAYERUSDT
Binance LAYERUSDT
OKX LAYER-USDT-SWAP
Gate LAYER_USDT
MEXC LAYER_USDT
Bitget LAYERUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni LAYERUSDT | +0.0100% | 1h | 0.07640 | −0.039% | $26K | $185K | 50x | as long as short |
| Extended LAYER-USD | +0.0104% | 1h | 0.07634 | −0.117% | $2K | $174K | 5x | as long as short |
| BingX LAYER-USDTlong | +0.0150% | 4h | 0.07643 | long leg | — | $1.6M | — |
ApeX Omni LAYERUSDT
Extended LAYER-USD