Funding you earn now, next payment 12:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.008%
Price spread now: Binance against BloFin−0.260%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1271.275% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 4 days (all we have)+0.261%+$26 · spread now −0.260%, 7d avg +0.006%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.266% cheaper against BloFin than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PTB-USDT | 0.0009630 | 0.0659 | pay 0.0330% / 4h | 52m 30s | $395K | $253K | 20x |
| Short | Binance PTBUSDT | 0.0009605 | 0.0643 | get 0.0322% / 4h | 52m 30s | $6.7M | $72.0M | 20x |
BloFin PTB-USDT
Binance PTBUSDTFunding 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
- −$3.42
- Price spread: −0.260% → +0.006%
- −$26.6
- Slippage, 4 orders
- −$105.5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$157.51
- Costs to cover
- 1.275%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 51 min ago; Binance: live order book, 13 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, 51 min ago | 1.54 bp | 28.4 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 3.13 bp | 30.0 bp −$30 | 170.8 bp −$1,708 | doesn't fit | doesn't fit |
PTB on 10 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX PTB-USDT | +0.0070% | 4h | 0.0009601 | −0.301% | — | $1.8M | — | as long as short |
| Bybit PTBUSDT | +0.0100% | 4h | 0.0009601 | −0.301% | $1.4M | $11.8M | 25x | as long as short |
| Variational Omni PTB | +0.0100% | 4h | 0.0009594 | −0.374% | $23K | $63K | — | as long as short |
| Gate PTB_USDT | +0.0386% | 4h | 0.0009590 | −0.415% | $1.6M | $3.0M | 25x | as long as short |
| KuCoin PTBUSDTM | +0.0602% | 4h | 0.0009593 | −0.384% | $1.5M | $5.3M | 20x | as long as short |
| Aster PTBUSDT | +0.0633% | 4h | 0.0009600 | −0.312% | $56K | $607K | 5x | as long as short |
| Extended kPTB-USD | +0.0640% | 1h | 0.0009598 | −0.336% | $3K | $16K | 5x | as long as short |
| MEXC PTB_USDT | +0.0642% | 4h | 0.0009604 | −0.270% | $288K | $414K | 20x | as long as short |
| Binance PTBUSDTshort | +0.0643% | 4h | 0.0009605 | −0.260% | $6.7M | $72.0M | 20x | |
| BloFin PTB-USDTlong | +0.0659% | 4h | 0.0009630 | long leg | $395K | $253K | 20x |
BingX PTB-USDT
Bybit PTBUSDT
Variational Omni PTB
Gate PTB_USDT
KuCoin PTBUSDTM
Aster PTBUSDT
Extended kPTB-USD
MEXC PTB_USDT