Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against BingX−0.177%96s7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as 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−$990.986% of the position
Funding, last 7 days−0.074%−$7 on $10k
+Price spread, last 3 days (all we have)+0.160%+$16 · spread now −0.177%, 7d avg +0.008%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.186% cheaper against BingX than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.008%). Swap the legs. The two prices were read 96 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 | BingX MANTRA-USDT | 0.004509 | 0.0100 | pay 0.0050% / 4h | 1m 40s | — | $1.7M | — |
| Short | BloFin MANTRA-USDT | 0.004501 | 0.0054 | get 0.0027% / 4h | 1m 40s | $131K | $27K | 50x |
BingX MANTRA-USDT
BloFin MANTRA-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
- −$9.72
- Price spread: −0.177% → +0.008%
- −$18.55
- Slippage, 4 orders
- −$76.59
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$126.86
- Costs to cover
- 0.986%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 59 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, 5 min ago | 5.56 bp | 29.7 bp −$30 | 90.9 bp −$909 | 856.8 bp −$85.7K | 1275.4 bp −$637.7K |
| Sell BloFin live order book, 59 min ago | 1.12 bp | 24.2 bp −$24 | 79.8 bp −$798 | doesn't fit | doesn't fit |
MANTRA on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MANTRA-USDTshort | +0.0054% | 4h | 0.004501 | −0.177% | $131K | $27K | 50x | |
| Aster MANTRAUSDT | +0.0100% | 4h | 0.004498 | −0.237% | $22K | $19K | 5x | as long as short |
| Binance MANTRAUSDT | +0.0100% | 4h | 0.004509 | 0.000% | $2.0M | $4.1M | 50x | as long as short |
| Gate MANTRA_USDT | +0.0100% | 4h | 0.004509 | 0.000% | $199K | $211K | 50x | as long as short |
| MEXC MANTRA_USDT | +0.0100% | 4h | 0.004508 | −0.022% | $1.3M | $228K | 50x | as long as short |
| KuCoin MANTRAUSDTM | +0.0100% | 4h | 0.004501 | −0.177% | $488K | $66K | 50x | as long as short |
| Bitget MANTRAUSDT | +0.0100% | 4h | 0.004508 | −0.022% | $964K | $507K | 50x | as long as short |
| BingX MANTRA-USDTlong | +0.0100% | 4h | 0.004509 | long leg | — | $1.7M | — |
Aster MANTRAUSDT
Binance MANTRAUSDT
Gate MANTRA_USDT
MEXC MANTRA_USDT
KuCoin MANTRAUSDTM
Bitget MANTRAUSDT