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: BingX against BloFin−0.099%66s7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as 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−$910.906% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)−0.108%−$11 · spread now −0.099%, 7d avg +0.029%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BingX is 0.127% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.029%). Swap the legs. The two prices were read 66 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 | 0.02028 | 0.0114 | pay 0.0057% / 4h | 2h 12m | $209K | $22K | 10x |
| Short | BingX PORTAL-USDT | 0.02026 | 0.0100 | get 0.0050% / 4h | 2h 12m | — | $1.3M | — |
BloFin PORTAL-USDT
BingX PORTAL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$2.85
- Price spread: −0.099% → +0.029%
- −$12.73
- Slippage, 4 orders
- −$68.59
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$106.17
- Costs to cover
- 0.906%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; BingX: live order book, 4 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, 4 min ago | 4.95 bp | 29.5 bp −$29 | 121.7 bp −$1,217 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 2.47 bp | 18.6 bp −$19 | 73.0 bp −$730 | 730.1 bp −$73.0K | 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 | −0.176% | $11K | $37K | 5x | as long as short |
| Binance PORTALUSDT | +0.0100% | 4h | 0.02026 | −0.079% | $3.3M | $5.2M | 10x | as long as short |
| Bybit PORTALUSDT | +0.0100% | 4h | 0.02028 | −0.015% | $1.3M | $911K | 20x | as long as short |
| MEXC PORTAL_USDT | +0.0100% | 4h | 0.02025 | −0.148% | $975K | $385K | 50x | as long as short |
| BingX PORTAL-USDTshort | +0.0100% | 4h | 0.02026 | −0.099% | — | $1.3M | — | |
| Variational Omni PORTAL | +0.0100% | 4h | 0.02025 | −0.152% | $1K | $6K | — | as long as short |
| BloFin PORTAL-USDTlong | +0.0114% | 4h | 0.02028 | long leg | $209K | $22K | 10x | |
| KuCoin PORTALUSDTM | +0.0632% | 4h | 0.02024 | −0.197% | $340K | $109K | 10x | as long as short |
| Kraken Futures PF_PORTALUSD | +0.1658% | 1h | 0.02031 | +0.138% | $43K | $190K | 10x | as long as short |
Aster PORTALUSDT
Binance PORTALUSDT
Bybit PORTALUSDT
MEXC PORTAL_USDT
Variational Omni PORTAL
KuCoin PORTALUSDTM
Kraken Futures PF_PORTALUSD