Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.25 per $10,000 · paid last 24h +0.013%
Price spread now: BloFin against BingX+0.266%51s7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$157as 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−$1311.312% of the position
Funding, last 7 days−0.254%−$25 on $10k
+Price spread, last 4 days (all we have)−0.275%−$28 · spread now +0.266%, 7d avg −0.039%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.304% dearer against BingX than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.039%. Mind the row above: over the last 7 days funding on this pair cost −0.254%, so the current rate has only just turned in your favour. The two prices were read 51 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 | BingX PTB-USDT | 0.001017 | 0.0308 | pay 0.0154% / 4h | 3h 12m | — | $2.1M | — |
| Short | BloFin PTB-USDT | 0.001019 | 0.0358 | get 0.0179% / 4h | 3h 12m | $431K | $524K | 20x |
BingX PTB-USDT
BloFin PTB-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
- $10.54
- Price spread: +0.266% → −0.039%
- $30.44
- Slippage, 4 orders
- −$109.17
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$90.2
- Costs to cover
- 1.312%
- Break-even
- 66.9 days
Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 19 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, 5 min ago | 1.96 bp | 30.2 bp −$30 | 143.2 bp −$1,432 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 19 min ago | 1.43 bp | 32.7 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
PTB on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PTB | +0.0100% | 4h | 0.001028 | +1.089% | $30K | $67K | — | as long as short |
| Bybit PTBUSDT | +0.0239% | 4h | 0.001014 | −0.246% | $1.5M | $19.6M | 25x | as long as short |
| BingX PTB-USDTlong | +0.0308% | 4h | 0.001017 | long leg | — | $2.1M | — | |
| BloFin PTB-USDTshort | +0.0358% | 4h | 0.001019 | +0.266% | $431K | $524K | 20x | |
| MEXC PTB_USDT | +0.0360% | 4h | 0.001014 | −0.256% | $320K | $813K | 20x | as long as short |
| Extended kPTB-USD | +0.0376% | 1h | 0.001014 | −0.257% | $4K | $42K | 5x | as long as short |
| Binance PTBUSDT | +0.0377% | 4h | 0.001013 | −0.328% | $7.1M | $119.7M | 20x | as long as short |
| KuCoin PTBUSDTM | +0.0386% | 4h | 0.001017 | +0.098% | $1.6M | $6.9M | 20x | as long as short |
| Gate PTB_USDT | +0.0622% | 4h | 0.001004 | −1.220% | $1.7M | $4.7M | 25x | as long as short |
| Aster PTBUSDT | +0.0689% | 4h | 0.001014 | −0.273% | $75K | $850K | 5x | as long as short |
Variational Omni PTB
Bybit PTBUSDT
MEXC PTB_USDT
Extended kPTB-USD
Binance PTBUSDT
KuCoin PTBUSDTM
Gate PTB_USDT
Aster PTBUSDT