Funding you earn now, next payment 00:00 UTC+0.0057%/8h= +6.3% APRnext payment +$0.29 per $10,000 · paid last 24h +0.004%
Price spread now: BingX against BloFin−0.268%66s7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as 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−$800.797% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 3 days (all we have)+0.303%+$30 · spread now −0.268%, 7d avg +0.008%
=Funding pays, the price is against you. BingX is 0.275% cheaper against BloFin than usual: you would sell low and buy high (spread −0.268% now, against its 7-day average of +0.008%). If the spread goes back, that is −$28 on $10k: about 16 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.034% in total) that is about 57 days. The two prices were read 66 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 MASK-USDT | 0.4855 | 0.0043 | pay 0.0021% / 4h | 1h 38m | $128K | $20K | 50x |
| Short | BingX MASK-USDT | 0.4842 | 0.0100 | get 0.0050% / 4h | 1h 38m | — | $2.3M | — |
BloFin MASK-USDT
BingX MASK-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
- $12.05
- Price spread: −0.268% → +0.008%
- −$27.53
- Slippage, 4 orders
- −$57.65
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$95.13
- Costs to cover
- 0.797%
- Break-even
- 62.3 days
Slippage from BloFin: live order book, 35 min ago; BingX: live order book, 10 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, 35 min ago | 1.04 bp | 22.9 bp −$23 | 62.6 bp −$626 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 6.21 bp | 19.2 bp −$19 | 42.3 bp −$423 | 379.6 bp −$38.0K | 491.0 bp −$245.5K |
MASK on 10 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 MASK-USDTlong | +0.0043% | 4h | 0.4855 | long leg | $128K | $20K | 50x | |
| Binance MASKUSDT | +0.0100% | 4h | 0.4848 | −0.144% | $2.6M | $9.8M | 50x | as long as short |
| Bybit MASKUSDT | +0.0100% | 4h | 0.4842 | −0.268% | $1.3M | $1.8M | 50x | as long as short |
| OKX MASK-USDT-SWAP | +0.0100% | 8h | 0.4840 | −0.309% | $505K | $3.0M | 20x | as long as short |
| Gate MASK_USDT | +0.0100% | 8h | 0.4855 | 0.000% | $272K | $657K | 50x | as long as short |
| MEXC MASK_USDT | +0.0100% | 8h | 0.4843 | −0.247% | $1.0M | $324K | 50x | as long as short |
| KuCoin MASKUSDTM | +0.0100% | 4h | 0.4855 | 0.000% | $600K | $228K | 50x | as long as short |
| Bitget MASKUSDT | +0.0100% | 4h | 0.4848 | −0.144% | $509K | $1.2M | 50x | as long as short |
| BingX MASK-USDTshort | +0.0100% | 4h | 0.4842 | −0.268% | — | $2.3M | — | |
| Variational Omni MASK | +0.0100% | 4h | 0.4850 | −0.104% | $23K | $1 | — | as long as short |
Binance MASKUSDT
Bybit MASKUSDT
OKX MASK-USDT-SWAP
Gate MASK_USDT
MEXC MASK_USDT
KuCoin MASKUSDTM
Bitget MASKUSDT
Variational Omni MASK