Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.005%
Price spread now: Binance against BloFin−0.110%7-day average −0.016% · 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−$107as in the Price arb table
costs, in and out, $10k−$970.973% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.110%, 7d avg −0.016%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.094% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PIXEL-USDT | 0.005427 | 0.0110 | pay 0.0055% / 4h | 2h 42m | $114K | $9K | 50x |
| Short | Binance PIXELUSDT | 0.005421 | 0.0100 | get 0.0050% / 4h | 2h 42m | $1.7M | $1.7M | 25x |
BloFin PIXEL-USDT
Binance PIXELUSDTFunding 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
- −$2.05
- Price spread: −0.110% → −0.016%
- −$9.4
- Slippage, 4 orders
- −$75.27
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$108.72
- Costs to cover
- 0.973%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 36 min ago; Binance: live order book, 6 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, 36 min ago | 7.34 bp | 18.8 bp −$19 | 80.8 bp −$808 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.84 bp | 27.2 bp −$27 | 166.6 bp −$1,666 | 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 | 0.005419 | −0.141% | $4K | $4K | 5x | as long as short |
| Binance PIXELUSDTshort | +0.0100% | 4h | 0.005421 | −0.110% | $1.7M | $1.7M | 25x | |
| Bybit PIXELUSDT | +0.0100% | 4h | 0.005426 | −0.018% | $523K | $174K | 25x | as long as short |
| Gate PIXEL_USDT | +0.0100% | 4h | 0.005427 | 0.000% | $155K | $39K | 50x | as long as short |
| MEXC PIXEL_USDT | +0.0100% | 4h | 0.005422 | −0.092% | $900K | $207K | 20x | as long as short |
| KuCoin PIXELUSDTM | +0.0100% | 4h | 0.005421 | −0.111% | $355K | $65K | 25x | as long as short |
| Bitget PIXELUSDT | +0.0100% | 4h | 0.005425 | −0.037% | $579K | $337K | 25x | as long as short |
| BingX PIXEL-USDT | +0.0100% | 4h | 0.005426 | −0.018% | — | $1.3M | — | as long as short |
| Variational Omni PIXEL | +0.0100% | 4h | 0.005440 | +0.231% | $1K | $254 | — | as long as short |
| BloFin PIXEL-USDTlong | +0.0110% | 4h | 0.005427 | long leg | $114K | $9K | 50x |
Aster PIXELUSDT
Bybit PIXELUSDT
Gate PIXEL_USDT
MEXC PIXEL_USDT
KuCoin PIXELUSDTM
Bitget PIXELUSDT
BingX PIXEL-USDT
Variational Omni PIXELShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PIXELUSD | +0.7798% | 1h | 0.005429 | +0.040% | $6K | $2K | 10x | as long as short |
Kraken Futures PF_PIXELUSD