Funding you earn now, next payment 04:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.09 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against Binance+0.208%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$1081.077% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)−0.694%−$69 · spread now +0.208%, 7d avg +0.054%
=The price spread pays, funding is against you. BloFin is 0.154% dearer against Binance than usual: you sell high and buy low (spread +0.208% now, against its 7-day average of +0.054%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 27 days. At the pace of the last 7 days (−0.011% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPENUSDT | 0.1441 | 0.0100 | pay 0.0050% / 4h | 52m 54s | $7.1M | $2.5M | 75x |
| Short | BloFin OPEN-USDT | 0.1444 | 0.0081 | get 0.0041% / 4h | 52m 54s | $677K | $12K | 75x |
Binance OPENUSDT
BloFin OPEN-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
- −$3.98
- Price spread: +0.208% → +0.054%
- $15.4
- Slippage, 4 orders
- −$85.68
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$96.27
- Costs to cover
- 1.077%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; BloFin: live order book, 49 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 | 3.46 bp | 24.3 bp −$24 | 238.3 bp −$2,383 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 49 min ago | 3.47 bp | 14.1 bp −$14 | 60.6 bp −$606 | doesn't fit | doesn't fit |
OPEN on 9 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 OPEN-USDTshort | +0.0081% | 4h | 0.1444 | +0.208% | $677K | $12K | 75x | |
| Aster OPENUSDT | +0.0100% | 4h | 0.1442 | +0.103% | $252K | $4K | 5x | as long as short |
| Binance OPENUSDTlong | +0.0100% | 4h | 0.1441 | long leg | $7.1M | $2.5M | 75x | |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1443 | +0.139% | $827K | $196K | 75x | as long as short |
| KuCoin OPENUSDTM | +0.0100% | 4h | 0.1446 | +0.312% | $2.4M | $46K | 30x | as long as short |
| Bitget OPENUSDT | +0.0100% | 4h | 0.1444 | +0.208% | $2.2M | $181K | 20x | as long as short |
| Extended OPEN-USD | +0.0104% | 1h | 0.1442 | +0.043% | $6K | $113K | 5x | as long as short |
| Bybit OPENUSDT | +0.0940% | 4h | 0.1444 | +0.222% | $1.5M | $691K | 25x | as long as short |
| Kraken Futures PF_OPENUSD | +0.0976% | 1h | 0.1442 | +0.080% | $14K | $55K | 10x | as long as short |
Aster OPENUSDT
Gate OPEN_USDT
KuCoin OPENUSDTM
Bitget OPENUSDT
Extended OPEN-USD
Bybit OPENUSDT
Kraken Futures PF_OPENUSD