Funding you earn now, next payment 04:00 UTC+0.0023%/8h= +2.6% APRnext payment +$0.12 per $10,000 · paid last 24h −0.010%
Price spread now: BloFin against Binance+0.001%101s7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as 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−$660.663% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)−0.316%−$32 · spread now +0.001%, 7d avg −0.029%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.031% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.029%. The two prices were read 101 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 LUNA2USDT | 0.05432 | 0.0100 | pay 0.0050% / 4h | 1h 13m | $3.1M | $15.1M | 50x |
| Short | BloFin LUNA2-USDT | 0.05432 | 0.0123 | get 0.0062% / 4h | 1h 13m | $292K | $25K | 50x |
Binance LUNA2USDT
BloFin LUNA2-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
- $4.9
- Price spread: +0.001% → −0.029%
- $3.07
- Slippage, 4 orders
- −$44.34
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$58.37
- Costs to cover
- 0.663%
- Break-even
- 90.3 days
Slippage from Binance: live order book, 12 min ago; BloFin: live order book, 18 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, 12 min ago | 1.83 bp | 14.8 bp −$15 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 18 min ago | 5.52 bp | 20.8 bp −$21 | 56.6 bp −$566 | doesn't fit | doesn't fit |
LUNA2 on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance LUNA2USDTlong | +0.0100% | 4h | 0.05432 | long leg | $3.1M | $15.1M | 50x | |
| Bybit LUNA2USDT | +0.0100% | 8h | 0.05430 | −0.035% | $1.1M | $1.6M | 50x | as long as short |
| Variational Omni LUNA2 | +0.0100% | 8h | 0.05440 | +0.148% | $18K | $3K | — | as long as short |
| BloFin LUNA2-USDTshort | +0.0123% | 4h | 0.05432 | +0.001% | $292K | $25K | 50x | |
| Aster LUNA2USDT | +0.0348% | 4h | 0.05434 | +0.037% | $10K | $51K | 5x | as long as short |
| Kraken Futures PF_LUNA2USD | +0.0684% | 1h | 0.05426 | −0.106% | $11K | $4K | 10x | as long as short |
Bybit LUNA2USDT
Variational Omni LUNA2
Aster LUNA2USDT
Kraken Futures PF_LUNA2USD