Funding you earn now, next payment 12:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.27 per $10,000 · paid last 24h −0.005%
Price spread now: BloFin against Binance+0.292%81s7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$203as 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−$2012.012% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 4 days (all we have)−0.135%−$13 · spread now +0.292%, 7d avg +0.045%
=The price spread pays, funding is against you. BloFin is 0.247% dearer against Binance than usual: you sell high and buy low (spread +0.292% now, against its 7-day average of +0.045%): +$25 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (−0.015% in total) that is about 4 months. The two prices were read 81 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 NAORISUSDT | 0.03758 | 0.0145 | pay 0.0073% / 4h | 3h 57m | $5.0M | $1.3M | 10x |
| Short | BloFin NAORIS-USDT | 0.03769 | 0.0092 | get 0.0046% / 4h | 3h 57m | $292K | $11K | 10x |
Binance NAORISUSDT
BloFin NAORIS-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
- −$11.16
- Price spread: +0.292% → +0.045%
- $24.71
- Slippage, 4 orders
- −$179.16
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$187.61
- Costs to cover
- 2.012%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; BloFin: live order book, 17 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, 9 min ago | 2.65 bp | 55.6 bp −$56 | 540.7 bp −$5,407 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 17 min ago | 3.98 bp | 51.4 bp −$51 | 168.3 bp −$1,683 | doesn't fit | doesn't fit |
NAORIS on 11 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 NAORIS-USDTshort | +0.0092% | 4h | 0.03769 | +0.292% | $292K | $11K | 10x | |
| Aster NAORISUSDT | +0.0100% | 4h | 0.03749 | −0.252% | $5K | $5K | 5x | as long as short |
| Bybit NAORISUSDT | +0.0100% | 4h | 0.03755 | −0.091% | $1.1M | $390K | 20x | as long as short |
| Gate NAORIS_USDT | +0.0100% | 4h | 0.03753 | −0.134% | $292K | $14K | 20x | as long as short |
| Bitget NAORISUSDT | +0.0100% | 4h | 0.03761 | +0.079% | $3.4M | $233K | 10x | as long as short |
| Variational Omni NAORIS | +0.0100% | 4h | 0.03759 | +0.026% | $78K | $25K | — | as long as short |
| MEXC NAORIS_USDT | +0.0142% | 4h | 0.03761 | +0.079% | $4.4M | $218K | 100x | as long as short |
| Extended NAORIS-USD | +0.0144% | 1h | 0.03758 | −0.001% | $6K | $181K | 5x | as long as short |
| Binance NAORISUSDTlong | +0.0145% | 4h | 0.03758 | long leg | $5.0M | $1.3M | 10x | |
| BingX NAORIS-USDT | +0.0148% | 4h | 0.03757 | −0.027% | — | $1.3M | — | as long as short |
Aster NAORISUSDT
Bybit NAORISUSDT
Gate NAORIS_USDT
Bitget NAORISUSDT
Variational Omni NAORIS
MEXC NAORIS_USDT
Extended NAORIS-USD
BingX NAORIS-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NAORISUSDTM | +0.0380% | 4h | 0.03755 | −0.081% | $441K | $27K | 10x | as long as short |
KuCoin NAORISUSDTM