NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0039%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.007%

Price spread now: Binance against BloFin−0.059%61s7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as 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−$840.838% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.055%−$5 · spread now −0.059%, 7d avg +0.010%

Together, before fees−0.055%−$5 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 Binance is 0.069% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.010%). Swap the legs. The two prices were read 61 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 NOT-USDT	0.0005046	0.0139	pay 0.0069% / 4h	3h 12m	$111K	$18K	50x
Short	Binance NOTUSDT	0.0005043	0.0100	get 0.0050% / 4h	3h 12m	$2.1M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.059%Rate

Funding earned: −$8.11
Price spread: −0.059% → +0.010%: −$6.95
Slippage, 4 orders: −$61.8
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$98.85
Costs to cover: 0.838%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Binance: live order book, 8 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, 6 min ago	4.94 bp	20.4 bp −$20	58.7 bp −$587	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	2.96 bp	24.3 bp −$24	94.7 bp −$947	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	−0.0282%	4h	0.0005033	−0.255%	$72K	$38K	—	as long as short
KuCoin NOTUSDTM	−0.0228%	4h	0.0005034	−0.238%	$470K	$128K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.409%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005047	+0.018%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	−0.119%	$355K	$56K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005043	−0.065%	$14K	$9K	5x	as long as short
Binance NOTUSDTshort	+0.0100%	4h	0.0005043	−0.059%	$2.1M	$3.0M	50x
Bybit NOTUSDT	+0.0100%	4h	0.0005033	−0.258%	$2.1M	$848K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005037	−0.178%	$638K	$673K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005039	−0.139%	$139K	$70K	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	0.0005040	−0.119%	$1.3M	$445K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005046	0.000%	$670K	$422K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005040	−0.119%	—	$8.7M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005042	−0.087%	$4K	—	5x	as long as short
BloFin NOT-USDTlong	+0.0139%	4h	0.0005046	long leg	$111K	$18K	50x
Kraken Futures PF_NOTUSD	+0.1135%	1h	0.0005038	−0.164%	$49K	$7K	10x	as long as short