Funding you earn now, next payment 04:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.06 per $10,000 · paid last 24h +0.002%
Price spread now: Binance against BloFin−0.139%101s7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as 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−$1081.077% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)+0.624%+$62 · spread now −0.139%, 7d avg −0.054%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.084% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.054%). Swap the legs. The two prices were read 101 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 OPEN-USDT | 0.1444 | 0.0113 | pay 0.0056% / 4h | 53m 29s | $678K | $12K | 75x |
| Short | Binance OPENUSDT | 0.1442 | 0.0100 | get 0.0050% / 4h | 53m 29s | $7.1M | $2.5M | 75x |
BloFin OPEN-USDT
Binance OPENUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.68
- Price spread: −0.139% → −0.054%
- −$8.43
- Slippage, 4 orders
- −$85.68
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$118.79
- Costs to cover
- 1.077%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 48 min ago; Binance: live order book, 15 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, 48 min ago | 3.47 bp | 34.0 bp −$34 | 120.6 bp −$1,206 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 3.46 bp | 35.3 bp −$35 | 172.9 bp −$1,729 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OPENUSDT | +0.0100% | 4h | 0.1442 | −0.107% | $252K | $4K | 5x | as long as short |
| Binance OPENUSDTshort | +0.0100% | 4h | 0.1442 | −0.139% | $7.1M | $2.5M | 75x | |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1443 | −0.069% | $827K | $196K | 75x | as long as short |
| KuCoin OPENUSDTM | +0.0100% | 4h | 0.1443 | −0.048% | $2.4M | $46K | 30x | as long as short |
| Bitget OPENUSDT | +0.0100% | 4h | 0.1444 | 0.000% | $2.2M | $181K | 20x | as long as short |
| Extended OPEN-USD | +0.0104% | 1h | 0.1442 | −0.165% | $6K | $113K | 5x | as long as short |
| BloFin OPEN-USDTlong | +0.0113% | 4h | 0.1444 | long leg | $678K | $12K | 75x | |
| Bybit OPENUSDT | +0.0940% | 4h | 0.1444 | +0.014% | $1.5M | $690K | 25x | as long as short |
| Kraken Futures PF_OPENUSD | +0.0976% | 1h | 0.1442 | −0.106% | $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