NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.005%

Price spread now: BloFin against BingX−0.020%51s7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as 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−$580.580% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 3 days (all we have)+0.273%+$27 · spread now −0.020%, 7d avg +0.028%

Together, before fees+0.238%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.048% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.028%). Swap the legs. The two prices were read 51 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 NOT-USDT	0.0005041	0.0100	pay 0.0050% / 4h	2h 48m	—	$7.5M	—
Short	BloFin NOT-USDT	0.0005040	0.0070	get 0.0035% / 4h	2h 48m	$112K	$17K	50x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BloFinbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$6.32
Price spread: −0.020% → +0.028%: −$4.79
Slippage, 4 orders: −$35.99
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$69.11
Costs to cover: 0.580%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 31 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	0.99 bp	14.1 bp −$14	45.6 bp −$456	612.0 bp −$61.2K	1140.4 bp −$570.2K
Sell BloFin live order book, 31 min ago	1.98 bp	15.1 bp −$15	40.8 bp −$408	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	+0.0023%	4h	0.0005034	−0.148%	$66K	$34K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.313%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDTshort	+0.0070%	4h	0.0005040	−0.020%	$112K	$17K	50x
Lighter 1000NOT	+0.0096%	1h	0.0005054	+0.258%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005050	+0.179%	$369K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005045	+0.081%	$14K	$13K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005042	+0.020%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005039	−0.040%	$2.1M	$809K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005040	−0.020%	$610K	$580K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005036	−0.099%	$140K	$76K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005041	0.000%	$1.4M	$484K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005040	−0.020%	$489K	$116K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005045	+0.079%	$664K	$380K	50x	as long as short
BingX NOT-USDTlong	+0.0100%	4h	0.0005041	long leg	—	$7.5M	—
Extended kNOT-USD	+0.0104%	1h	0.0005042	+0.010%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSD	+0.7070%	1h	0.0005082	+0.805%	$49K	$9K	10x	as long as short