Funding you earn now, next payment 00:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.27 per $10,000 · paid last 24h +0.007%
Price spread now: Binance against BloFin+0.081%81s7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as 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−$1321.315% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 3 days (all we have)−0.201%−$20 · spread now +0.081%, 7d avg +0.008%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.073% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.008%. 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 M-USDT | 1.4781 | 0.0526 | pay 0.0263% / 4h | 2h 47m | $351K | $404K | 10x |
| Short | Binance MUSDT | 1.4793 | 0.0579 | get 0.0289% / 4h | 2h 47m | $5.5M | $4.5M | 10x |
BloFin M-USDT
Binance MUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $11.14
- Price spread: +0.081% → +0.008%
- $7.27
- Slippage, 4 orders
- −$109.55
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$113.14
- Costs to cover
- 1.315%
- Break-even
- 78.1 days
Slippage from BloFin: live order book, 37 min ago; Binance: live order book, 5 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, 37 min ago | 1.34 bp | 38.0 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.34 bp | 27.3 bp −$27 | 471.5 bp −$4,715 | 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 | 1.4775 | −0.041% | $4.7M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4764 | −0.115% | $2.0M | $884K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4799 | +0.122% | $1.9M | $343K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4775 | −0.040% | $91K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4796 | +0.101% | $2K | $139 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4779 | −0.014% | $1K | $536K | 20x | as long as short |
| Aster MUSDT | +0.0345% | 4h | 1.4779 | −0.014% | $15K | $117K | 5x | as long as short |
| BloFin M-USDTlong | +0.0526% | 4h | 1.4781 | long leg | $351K | $404K | 10x | |
| BingX M-USDT | +0.0552% | 4h | 1.4788 | +0.047% | — | $2.4M | — | as long as short |
| MEXC M_USDT | +0.0574% | 4h | 1.4793 | +0.081% | $248K | $110K | 50x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BingX M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDTshort | +0.0579% | 4h | 1.4793 | +0.081% | $5.5M | $4.5M | 10x | |
| KuCoin MUSDTM | +0.0894% | 4h | 1.4643 | −0.936% | $1.4M | $4.4M | 10x | as long as short |
KuCoin MUSDTM