Funding you earn now, next payment 00:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.009%
Price spread now: BloFin against Binance−0.053%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$630.632% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 3 days (all we have)+0.294%+$29 · spread now −0.053%, 7d avg +0.014%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.067% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ONTUSDT | 0.05618 | 0.0100 | pay 0.0050% / 4h | 1h 42m | $2.4M | $2.7M | 50x |
| Short | BloFin ONT-USDT | 0.05615 | 0.0090 | get 0.0045% / 4h | 1h 42m | $132K | $25K | 50x |
Binance ONTUSDT
BloFin ONT-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
- −$2.08
- Price spread: −0.053% → +0.014%
- −$6.71
- Slippage, 4 orders
- −$41.24
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$72.02
- Costs to cover
- 0.632%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; BloFin: live order book, 30 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 | 0.89 bp | 19.9 bp −$20 | 81.8 bp −$818 | 8387.2 bp −$838.7K | doesn't fit |
| Sell BloFin live order book, 30 min ago | 0.89 bp | 10.2 bp −$10 | 29.4 bp −$294 | doesn't fit | doesn't fit |
ONT on 12 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_ONTUSD | −0.0404% | 1h | 0.05616 | −0.040% | $9K | $231 | 10x | as long as short |
| OKX ONT-USDT-SWAP | −0.0144% | 4h | 0.05612 | −0.107% | $808K | $880K | 20x | as long as short |
| BloFin ONT-USDTshort | +0.0090% | 4h | 0.05615 | −0.053% | $132K | $25K | 50x | |
| Aster ONTUSDT | +0.0100% | 4h | 0.05618 | +0.002% | $27K | $388 | 5x | as long as short |
| Binance ONTUSDTlong | +0.0100% | 4h | 0.05618 | long leg | $2.4M | $2.7M | 50x | |
| Gate ONT_USDT | +0.0100% | 4h | 0.05624 | +0.107% | $172K | $60K | 50x | as long as short |
| MEXC ONT_USDT | +0.0100% | 4h | 0.05618 | 0.000% | $1.5M | $135K | 50x | as long as short |
| KuCoin ONTUSDTM | +0.0100% | 4h | 0.05613 | −0.089% | $522K | $52K | 30x | as long as short |
| Bitget ONTUSDT | +0.0100% | 4h | 0.05614 | −0.071% | $813K | $316K | 50x | as long as short |
| Variational Omni ONT | +0.1144% | 4h | 0.05600 | −0.312% | $4K | $3K | — | as long as short |
Kraken Futures PF_ONTUSD
OKX ONT-USDT-SWAP
Aster ONTUSDT
Gate ONT_USDT
MEXC ONT_USDT
KuCoin ONTUSDTM
Bitget ONTUSDT
Variational Omni ONTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ONT-USDT | +0.1454% | 4h | 0.05614 | −0.071% | — | $2.3M | — | as long as short |
| Bybit ONTUSDT | +0.1643% | 4h | 0.05606 | −0.214% | $796K | $320K | 25x | as long as short |
BingX ONT-USDT
Bybit ONTUSDT