Funding you earn now, next payment 04:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.54 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against BingX+0.117%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1081.080% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 3 days (all we have)−0.146%−$15 · spread now +0.117%, 7d avg 0.000%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.117% dearer against BingX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX M-USDT | 1.4560 | 0.1546 | pay 0.0773% / 4h | 3h 41m | — | $2.4M | — |
| Short | BloFin M-USDT | 1.4577 | 0.1654 | get 0.0827% / 4h | 3h 41m | $356K | $438K | 10x |
BingX M-USDT
BloFin M-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
- $22.6
- Price spread: +0.117% → 0.000%
- $11.71
- Slippage, 4 orders
- −$86.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$73.71
- Costs to cover
- 1.080%
- Break-even
- 29.8 days
Slippage from BingX: live order book, 3 min ago; BloFin: live order book, 29 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 | 5.85 bp | 19.4 bp −$19 | 78.5 bp −$785 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 29 min ago | 1.38 bp | 25.9 bp −$26 | 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 | 1.4569 | +0.062% | $4.6M | $2.4M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4545 | −0.103% | $2.0M | $867K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4555 | −0.033% | $90K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4582 | +0.151% | $2K | $596 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4588 | +0.192% | $2K | $652K | 20x | as long as short |
| Bitget MUSDT | +0.0418% | 4h | 1.4571 | +0.076% | $1.9M | $354K | 10x | as long as short |
| Aster MUSDT | +0.1239% | 4h | 1.4567 | +0.045% | $15K | $116K | 5x | as long as short |
| BingX M-USDTlong | +0.1546% | 4h | 1.4560 | long leg | — | $2.4M | — | |
| MEXC M_USDT | +0.1636% | 4h | 1.4570 | +0.069% | $244K | $111K | 50x | as long as short |
| Binance MUSDT | +0.1651% | 4h | 1.4570 | +0.069% | $5.6M | $4.9M | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Bitget MUSDT
Aster MUSDT
MEXC M_USDT
Binance MUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDTshort | +0.1654% | 4h | 1.4577 | +0.117% | $356K | $438K | 10x | |
| KuCoin MUSDTM | +0.2730% | 4h | 1.4462 | −0.670% | $1.4M | $4.2M | 10x | as long as short |
KuCoin MUSDTM