Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.005%
Price spread now: BloFin against Binance+0.022%7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1151.147% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)+2.604%+$260 · spread now +0.022%, 7d avg +0.103%
=Funding pays, the price is against you. BloFin is 0.081% cheaper against Binance than usual: you would sell low and buy high (spread +0.022% now, against its 7-day average of +0.103%). If the spread goes back, that is −$8 on $10k: about 14 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MEGAUSDT | 0.04594 | 0.0100 | pay 0.0050% / 4h | 3h 32m | $4.1M | $13.7M | 50x |
| Short | BloFin MEGA-USDT | 0.04595 | 0.0120 | get 0.0060% / 4h | 3h 32m | $203K | $95K | 50x |
Binance MEGAUSDT
BloFin MEGA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $4.17
- Price spread: +0.022% → +0.103%
- −$8.14
- Slippage, 4 orders
- −$92.73
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$118.7
- Costs to cover
- 1.147%
- Break-even
- 206.3 days
Slippage from Binance: live order book, 8 min ago; BloFin: live order book, 58 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 Binance live order book, 8 min ago | 3.27 bp | 29.8 bp −$30 | 129.3 bp −$1,293 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 58 min ago | 2.16 bp | 26.4 bp −$26 | 99.0 bp −$990 | doesn't fit | doesn't fit |
MEGA on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0680% | 1h | 0.04589 | −0.098% | $5K | $12K | 50x | as long as short |
| Bybit MEGAUSDT | −0.0022% | 4h | 0.04592 | −0.044% | $3.5M | $5.8M | 20x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04606 | +0.261% | $21K | $7K | 5x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04592 | −0.049% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0081% | 1h | 0.04593 | −0.022% | $198K | $144K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04592 | −0.040% | $19K | $91K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04594 | 0.000% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDTlong | +0.0100% | 4h | 0.04594 | long leg | $4.1M | $13.7M | 50x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04589 | −0.109% | $936K | $3.2M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04599 | +0.099% | $136K | $111 | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
Bybit MEGAUSDT
Phoenix MEGA
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04592 | −0.044% | $204K | $326K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04594 | 0.000% | $805K | $375K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04592 | −0.044% | $234K | $119K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04593 | −0.022% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04592 | −0.044% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04599 | +0.113% | $325K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04595 | +0.022% | $29K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04610 | +0.348% | $24K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04592 | −0.044% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04591 | −0.065% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04592 | −0.050% | $129K | $821K | 5x | as long as short |
| BloFin MEGA-USDTshort | +0.0120% | 4h | 0.04595 | +0.022% | $203K | $95K | 50x | |
| Backpack MEGA_USDC_PERP | +0.0124% | 1h | 0.04596 | +0.044% | $19K | $53K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04591 | −0.072% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0238% / S −0.5353% | 1h | 0.04591 | −0.054% | $3K | — | 45x | as long as short |
| Hyperliquid MEGA | +0.0331% | 1h | 0.04601 | +0.152% | $7.9M | $2.6M | 3x | as long as short |
| Lighter MEGA | +0.0880% | 1h | 0.04615 | +0.457% | $653K | $341K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1165% | 1h | 0.04599 | +0.111% | $111 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Backpack MEGA_USDC_PERP
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL