Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.07 per $10,000 · paid last 24h +0.006%
Price spread now: BloFin against Binance+0.099%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$1031.035% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.121%+$12 · spread now +0.099%, 7d avg −0.005%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.103% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PORTALUSDT | 0.02026 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $3.3M | $5.2M | 10x |
| Short | BloFin PORTAL-USDT | 0.02028 | 0.0114 | get 0.0057% / 4h | 2h 12m | $209K | $22K | 10x |
Binance PORTALUSDT
BloFin PORTAL-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
- $2.85
- Price spread: +0.099% → −0.005%
- $10.35
- Slippage, 4 orders
- −$81.48
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$90.29
- Costs to cover
- 1.035%
- Break-even
- 229.1 days
Slippage from Binance: live order book, 10 min ago; BloFin: live order book, 3 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, 10 min ago | 2.47 bp | 32.0 bp −$32 | 349.5 bp −$3,495 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 4.95 bp | 16.6 bp −$17 | 77.0 bp −$770 | doesn't fit | doesn't fit |
PORTAL 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 PORTALUSDT | +0.0100% | 4h | 0.02024 | −0.083% | $11K | $37K | 5x | as long as short |
| Binance PORTALUSDTlong | +0.0100% | 4h | 0.02026 | long leg | $3.3M | $5.2M | 10x | |
| Bybit PORTALUSDT | +0.0100% | 4h | 0.02028 | +0.084% | $1.3M | $911K | 20x | as long as short |
| MEXC PORTAL_USDT | +0.0100% | 4h | 0.02026 | 0.000% | $976K | $385K | 50x | as long as short |
| BingX PORTAL-USDT | +0.0100% | 4h | 0.02026 | 0.000% | — | $1.3M | — | as long as short |
| Variational Omni PORTAL | +0.0100% | 4h | 0.02025 | −0.054% | $1K | $6K | — | as long as short |
| BloFin PORTAL-USDTshort | +0.0114% | 4h | 0.02028 | +0.099% | $209K | $22K | 10x | |
| KuCoin PORTALUSDTM | +0.0632% | 4h | 0.02024 | −0.099% | $340K | $109K | 10x | as long as short |
| Kraken Futures PF_PORTALUSD | +0.1660% | 1h | 0.02028 | +0.104% | $43K | $190K | 10x | as long as short |
Aster PORTALUSDT
Bybit PORTALUSDT
MEXC PORTAL_USDT
BingX PORTAL-USDT
Variational Omni PORTAL
KuCoin PORTALUSDTM
Kraken Futures PF_PORTALUSD