Funding you earn now, next payment 12:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.15 per $10,000 · paid last 24h −0.008%
Price spread now: BloFin against Binance+0.142%91s7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$156as 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−$1541.543% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.142%, 7d avg −0.017%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.159% dearer against Binance than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.017%. The two prices were read 91 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 MUSDT | 1.3416 | 0.0506 | pay 0.0253% / 4h | 3h 39m | $5.3M | $3.9M | 10x |
| Short | BloFin M-USDT | 1.3435 | 0.0535 | get 0.0268% / 4h | 3h 39m | $344K | $448K | 10x |
Binance MUSDT
BloFin M-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
- $6.1
- Price spread: +0.142% → −0.017%
- $15.89
- Slippage, 4 orders
- −$132.3
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$132.31
- Costs to cover
- 1.543%
- Break-even
- 158.9 days
Slippage from Binance: live order book, 13 min ago; BloFin: live order book, 36 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, 13 min ago | 1.11 bp | 33.5 bp −$34 | 409.0 bp −$4,090 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 36 min ago | 1.49 bp | 38.1 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
M 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDT | +0.0100% | 4h | 1.3412 | −0.030% | $4.2M | $1.7M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.3401 | −0.112% | $1.8M | $895K | 10x | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.3420 | +0.030% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.3412 | −0.030% | $2K | $888K | 20x | as long as short |
| Aster MUSDT | +0.0231% | 4h | 1.3415 | −0.007% | $12K | $83K | 5x | as long as short |
| MEXC M_USDT | +0.0504% | 4h | 1.3420 | +0.030% | $240K | $110K | 50x | as long as short |
| Binance MUSDTlong | +0.0506% | 4h | 1.3416 | long leg | $5.3M | $3.9M | 10x | |
| BloFin M-USDTshort | +0.0535% | 4h | 1.3435 | +0.142% | $344K | $448K | 10x | |
| Variational Omni M | +0.0836% | 4h | 1.3416 | −0.002% | $90K | $49K | — | as long as short |
| BingX M-USDT | +0.1140% | 4h | 1.3421 | +0.037% | — | $2.4M | — | as long as short |
Bybit MUSDT
Gate M_USDT
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
MEXC M_USDT
Variational Omni M
BingX M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MUSDT | +0.1180% | 4h | 1.3422 | +0.045% | $1.7M | $253K | 10x | as long as short |
| KuCoin MUSDTM | +0.1986% | 4h | 1.3298 | −0.883% | $1.3M | $3.6M | 10x | as long as short |
Bitget MUSDT
KuCoin MUSDTM