Funding you earn now, next payment 04:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.25 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Binance−0.008%101s7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as 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−$920.919% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 4 days (all we have)+0.410%+$41 · spread now −0.008%, 7d avg +0.047%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.056% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.047%). Swap the legs. The two prices were read 101 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 | Binance MIRAUSDT | 0.05537 | 0.0100 | pay 0.0050% / 4h | 1h 09m | $2.6M | $10.6M | 50x |
| Short | BloFin MIRA-USDT | 0.05537 | 0.0051 | get 0.0025% / 4h | 1h 09m | $245K | $22K | 50x |
Binance MIRAUSDT
BloFin MIRA-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
- −$10.37
- Price spread: −0.008% → +0.047%
- −$5.59
- Slippage, 4 orders
- −$69.87
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$107.82
- Costs to cover
- 0.919%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; BloFin: live order book, 29 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, 16 min ago | 1.80 bp | 23.9 bp −$24 | 182.8 bp −$1,828 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 29 min ago | 1.82 bp | 27.9 bp −$28 | 71.2 bp −$712 | doesn't fit | doesn't fit |
MIRA 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MIRAUSD | −0.0409% | 1h | 0.05541 | +0.061% | $5K | $21K | 10x | as long as short |
| BloFin MIRA-USDTshort | +0.0051% | 4h | 0.05537 | −0.008% | $245K | $22K | 50x | |
| Binance MIRAUSDTlong | +0.0100% | 4h | 0.05537 | long leg | $2.6M | $10.6M | 50x | |
| Bybit MIRAUSDT | +0.0100% | 4h | 0.05547 | +0.172% | $1.1M | $2.2M | 25x | as long as short |
| Gate MIRA_USDT | +0.0100% | 4h | 0.05542 | +0.082% | $262K | $550K | 25x | as long as short |
| MEXC MIRA_USDT | +0.0100% | 4h | 0.05537 | −0.008% | $216K | $190K | 20x | as long as short |
| KuCoin MIRAUSDTM | +0.0100% | 4h | 0.05543 | +0.107% | $836K | $128K | 50x | as long as short |
| Bitget MIRAUSDT | +0.0100% | 4h | 0.05542 | +0.082% | $796K | $627K | 20x | as long as short |
Kraken Futures PF_MIRAUSD
Bybit MIRAUSDT
Gate MIRA_USDT
MEXC MIRA_USDT
KuCoin MIRAUSDTM
Bitget MIRAUSDT