Funding you earn now, next payment 04:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against Binance−0.091%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1011.008% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.091%, 7d avg +0.017%
=Funding pays, the price is against you. BloFin is 0.108% cheaper against Binance than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of +0.017%). If the spread goes back, that is −$11 on $10k: about 15 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.019% in total) that is about 40 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PIXELUSDT | 0.005471 | 0.0100 | pay 0.0050% / 4h | 30m 34s | $1.8M | $1.7M | 25x |
| Short | BloFin PIXEL-USDT | 0.005466 | 0.0125 | get 0.0062% / 4h | 30m 34s | $115K | $9K | 50x |
Binance PIXELUSDT
BloFin PIXEL-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
- $5.18
- Price spread: −0.091% → +0.017%
- −$10.84
- Slippage, 4 orders
- −$78.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$106.5
- Costs to cover
- 1.008%
- Break-even
- 150.9 days
Slippage from Binance: live order book, 3 min ago; BloFin: live order book, 65 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, 3 min ago | 2.75 bp | 26.5 bp −$26 | 304.1 bp −$3,041 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 65 min ago | 4.57 bp | 26.6 bp −$27 | 87.9 bp −$879 | doesn't fit | doesn't fit |
PIXEL on 11 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 PIXELUSDT | +0.0100% | 4h | 0.005470 | −0.011% | $4K | $4K | 5x | as long as short |
| Binance PIXELUSDTlong | +0.0100% | 4h | 0.005471 | long leg | $1.8M | $1.7M | 25x | |
| Gate PIXEL_USDT | +0.0100% | 4h | 0.005472 | +0.018% | $154K | $39K | 50x | as long as short |
| MEXC PIXEL_USDT | +0.0100% | 4h | 0.005470 | −0.018% | $908K | $210K | 20x | as long as short |
| KuCoin PIXELUSDTM | +0.0100% | 4h | 0.005467 | −0.073% | $359K | $65K | 25x | as long as short |
| Bitget PIXELUSDT | +0.0100% | 4h | 0.005471 | 0.000% | $584K | $382K | 25x | as long as short |
| Variational Omni PIXEL | +0.0100% | 4h | 0.005474 | +0.046% | $1K | $254 | — | as long as short |
| BloFin PIXEL-USDTshort | +0.0125% | 4h | 0.005466 | −0.091% | $115K | $9K | 50x | |
| Bybit PIXELUSDT | +0.0293% | 4h | 0.005471 | 0.000% | $527K | $181K | 25x | as long as short |
| BingX PIXEL-USDT | +0.0298% | 4h | 0.005474 | +0.055% | — | $1.3M | — | as long as short |
Aster PIXELUSDT
Gate PIXEL_USDT
MEXC PIXEL_USDT
KuCoin PIXELUSDTM
Bitget PIXELUSDT
Variational Omni PIXEL
Bybit PIXELUSDT
BingX PIXEL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PIXELUSD | +0.9180% | 1h | 0.005473 | +0.028% | $5K | $1K | 10x | as long as short |
Kraken Futures PF_PIXELUSD