Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.006%
Price spread now: Binance against BloFin−0.151%61s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as 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−$940.942% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)−0.143%−$14 · spread now −0.151%, 7d avg +0.004%
=Funding pays, the price is against you. Binance is 0.155% cheaper against BloFin than usual: you would sell low and buy high (spread −0.151% now, against its 7-day average of +0.004%). If the spread goes back, that is −$15 on $10k: about 20 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.006% in total) that is about 6 months. The two prices were read 61 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 PORTAL-USDT | 0.01989 | 0.0074 | pay 0.0037% / 4h | 3h 50m | $206K | $18K | 10x |
| Short | Binance PORTALUSDT | 0.01986 | 0.0100 | get 0.0050% / 4h | 3h 50m | $3.2M | $5.2M | 10x |
BloFin PORTAL-USDT
Binance PORTALUSDTFunding 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
- $5.49
- Price spread: −0.151% → +0.004%
- −$15.49
- Slippage, 4 orders
- −$72.17
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$104.17
- Costs to cover
- 0.942%
- Break-even
- 139.9 days
Slippage from BloFin: live order book, 41 min ago; Binance: 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 BloFin live order book, 41 min ago | 2.52 bp | 19.1 bp −$19 | 117.1 bp −$1,171 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 2.52 bp | 25.4 bp −$25 | 178.0 bp −$1,780 | 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-USDTlong | +0.0074% | 4h | 0.01989 | long leg | $206K | $18K | 10x | |
| Aster PORTALUSDT | +0.0100% | 4h | 0.01985 | −0.183% | $13K | $41K | 5x | as long as short |
| Binance PORTALUSDTshort | +0.0100% | 4h | 0.01986 | −0.151% | $3.2M | $5.2M | 10x | |
| Bybit PORTALUSDT | +0.0100% | 4h | 0.01988 | −0.075% | $1.3M | $895K | 20x | as long as short |
| MEXC PORTAL_USDT | +0.0100% | 4h | 0.01986 | −0.151% | $893K | $378K | 50x | as long as short |
| BingX PORTAL-USDT | +0.0100% | 4h | 0.01986 | −0.151% | — | $1.3M | — | as long as short |
| Variational Omni PORTAL | +0.0100% | 4h | 0.01988 | −0.060% | $1K | $6K | — | as long as short |
| KuCoin PORTALUSDTM | +0.0178% | 4h | 0.01987 | −0.101% | $338K | $115K | 10x | as long as short |
| Kraken Futures PF_PORTALUSD | +0.1410% | 1h | 0.01990 | +0.049% | $36K | $193K | 10x | as long as short |
Aster PORTALUSDT
Bybit PORTALUSDT
MEXC PORTAL_USDT
BingX PORTAL-USDT
Variational Omni PORTAL
KuCoin PORTALUSDTM
Kraken Futures PF_PORTALUSD