Funding you earn now, next payment 08:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.25 per $10,000 · paid last 24h +0.006%
Price spread now: BloFin against BingX+0.050%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$820.821% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.474%+$47 · spread now +0.050%, 7d avg −0.027%
=The price spread pays, funding is against you. BloFin is 0.077% dearer against BingX than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.027%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.2 days. At the pace of the last 7 days (−0.006% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PORTAL-USDT | 0.01989 | 0.0100 | pay 0.0050% / 4h | 3h 53m | — | $1.3M | — |
| Short | BloFin PORTAL-USDT | 0.01990 | 0.0051 | get 0.0025% / 4h | 3h 53m | $206K | $18K | 10x |
BingX PORTAL-USDT
BloFin PORTAL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$10.3
- Price spread: +0.050% → −0.027%
- $7.72
- Slippage, 4 orders
- −$60.13
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$84.7
- Costs to cover
- 0.821%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; BloFin: live order book, 38 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 BingX live order book, 3 min ago | 5.04 bp | 17.0 bp −$17 | 80.3 bp −$803 | 680.6 bp −$68.1K | 873.7 bp −$436.8K |
| Sell BloFin live order book, 38 min ago | 2.52 bp | 23.0 bp −$23 | 76.8 bp −$768 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PORTAL-USDTshort | +0.0051% | 4h | 0.01990 | +0.050% | $206K | $18K | 10x | |
| Aster PORTALUSDT | +0.0100% | 4h | 0.01988 | −0.058% | $13K | $41K | 5x | as long as short |
| Binance PORTALUSDT | +0.0100% | 4h | 0.01990 | +0.051% | $3.3M | $5.2M | 10x | as long as short |
| Bybit PORTALUSDT | +0.0100% | 4h | 0.01991 | +0.085% | $1.3M | $895K | 20x | as long as short |
| MEXC PORTAL_USDT | +0.0100% | 4h | 0.01989 | 0.000% | $894K | $378K | 50x | as long as short |
| BingX PORTAL-USDTlong | +0.0100% | 4h | 0.01989 | long leg | — | $1.3M | — | |
| Variational Omni PORTAL | +0.0100% | 4h | 0.01985 | −0.181% | $1K | $6K | — | as long as short |
| KuCoin PORTALUSDTM | +0.0170% | 4h | 0.01989 | 0.000% | $339K | $115K | 10x | as long as short |
| Kraken Futures PF_PORTALUSD | +0.1407% | 1h | 0.01994 | +0.249% | $36K | $194K | 10x | as long as short |
Aster PORTALUSDT
Binance PORTALUSDT
Bybit PORTALUSDT
MEXC PORTAL_USDT
Variational Omni PORTAL
KuCoin PORTALUSDTM
Kraken Futures PF_PORTALUSD