Funding you earn now, next payment 00:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.002%
Price spread now: BingX against BloFin−0.068%51s7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as 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−$1111.107% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 3 days (all we have)+0.084%+$8 · spread now −0.068%, 7d avg +0.009%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.077% cheaper against BloFin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 51 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 | 1.4795 | 0.0540 | pay 0.0270% / 4h | 2h 46m | $353K | $403K | 10x |
| Short | BingX M-USDT | 1.4785 | 0.0546 | get 0.0273% / 4h | 2h 46m | — | $2.4M | — |
BloFin M-USDT
BingX M-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
- $1.25
- Price spread: −0.068% → +0.009%
- −$7.71
- Slippage, 4 orders
- −$88.72
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$117.18
- Costs to cover
- 1.107%
- Break-even
- 661.3 days
Slippage from BloFin: live order book, 39 min ago; BingX: live order book, 3 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, 39 min ago | 1.34 bp | 38.0 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 7.44 bp | 21.6 bp −$22 | 114.7 bp −$1,147 | 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 | −0.135% | $4.7M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4772 | −0.155% | $2.0M | $884K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4802 | +0.047% | $1.9M | $343K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4775 | −0.135% | $91K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4798 | +0.020% | $2K | $139 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4778 | −0.115% | $2K | $536K | 20x | as long as short |
| Aster MUSDT | +0.0347% | 4h | 1.4776 | −0.127% | $15K | $117K | 5x | as long as short |
| BloFin M-USDTlong | +0.0540% | 4h | 1.4795 | long leg | $353K | $403K | 10x | |
| BingX M-USDTshort | +0.0546% | 4h | 1.4785 | −0.068% | — | $2.4M | — | |
| MEXC M_USDT | +0.0578% | 4h | 1.4789 | −0.041% | $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
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDT | +0.0581% | 4h | 1.4787 | −0.054% | $5.5M | $4.5M | 10x | as long as short |
| KuCoin MUSDTM | +0.0870% | 4h | 1.4677 | −0.799% | $1.4M | $4.4M | 10x | as long as short |
Binance MUSDT
KuCoin MUSDTM