Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.035%
Price spread now: BingX against BloFin+0.091%81s7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as 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−$600.598% of the position
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.091%, 7d avg +0.029%
=The price spread pays, funding is against you. BingX is 0.062% dearer against BloFin than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.029%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 41 hours. 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 | BloFin 1000LUNC-USDT | 0.00005520 | 0.0220 | pay 0.0220% / 8h | 1h 21m | $387K | $37K | 75x |
| Short | BingX LUNC-USDT | 0.00005525 | 0.0100 | get 0.0100% / 8h | 1h 21m | — | $2.1M | — |
BloFin 1000LUNC-USDT
BingX LUNC-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
- −$25.2
- Price spread: +0.091% → +0.029%
- $6.18
- Slippage, 4 orders
- −$37.83
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$78.84
- Costs to cover
- 0.598%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 58 min ago; BingX: live order book, 1 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, 58 min ago | 1.80 bp | 13.0 bp −$13 | 30.6 bp −$306 | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 2.72 bp | 16.9 bp −$17 | 46.8 bp −$468 | 338.5 bp −$33.8K | 939.5 bp −$469.8K |
LUNC 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC LUNC_USDT | −0.0844% | 8h | 0.00005523 | +0.054% | $16.9M | $1.5M | 200x | as long as short |
| Hyperliquid kLUNC | +0.0100% | 1h | 0.00005530 | +0.190% | $287K | $126K | 3x | as long as short |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005523 | +0.049% | $48K | $15K | 10x | as long as short |
| Binance 1000LUNCUSDT | +0.0100% | 8h | 0.00005524 | +0.072% | $4.1M | $8.4M | 75x | as long as short |
| Bybit 1000LUNCUSDT | +0.0100% | 8h | 0.00005526 | +0.109% | $2.0M | $752K | 25x | as long as short |
| Gate LUNC_USDT | +0.0100% | 8h | 0.00005529 | +0.163% | $394K | $279K | 75x | as long as short |
| Bitget LUNCUSDT | +0.0100% | 8h | 0.00005514 | −0.109% | $1.1M | $622K | 25x | as long as short |
| BingX LUNC-USDTshort | +0.0100% | 8h | 0.00005525 | +0.091% | — | $2.1M | — | |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005523 | +0.054% | $2K | — | 10x | as long as short |
| BloFin 1000LUNC-USDTlong | +0.0220% | 8h | 0.00005520 | long leg | $387K | $37K | 75x |
MEXC LUNC_USDT
Hyperliquid kLUNC
Aster 1000LUNCUSDT
Binance 1000LUNCUSDT
Bybit 1000LUNCUSDT
Gate LUNC_USDT
Bitget LUNCUSDT
Extended kLUNC-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LUNCUSDTM | +0.1487% | 8h | 0.00005520 | +0.002% | $1.8M | $809K | 50x | as long as short |
KuCoin LUNCUSDTM