Funding you earn now, next payment 04:00 UTC+0.0251%/8h= +27.5% APRnext payment +$1.25 per $10,000 · paid last 24h +0.114%
Price spread now: BingX against BloFin+0.058%66s7-day average −0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$208as 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−$2192.193% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 4 days (all we have)−0.560%−$56 · spread now +0.058%, 7d avg −0.107%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BingX is 0.165% dearer against BloFin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.107%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.113% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin Q-USDT | 0.02579 | 0.0581 | pay 0.0291% / 4h | 28m 08s | $386K | $72K | 40x |
| Short | BingX Q-USDT | 0.02580 | 0.0832 | get 0.0416% / 4h | 28m 08s | — | $1.3M | — |
BloFin Q-USDT
BingX Q-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
- $52.67
- Price spread: +0.058% → −0.107%
- $16.54
- Slippage, 4 orders
- −$197.27
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$150.05
- Costs to cover
- 2.193%
- Break-even
- 26.9 days
Slippage from BloFin: live order book, 7 min ago; BingX: live order book, 2 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, 7 min ago | 0.39 bp | 25.2 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 40.11 bp | 83.9 bp −$84 | 207.8 bp −$2,078 | 1228.4 bp −$122.8K | 1512.6 bp −$756.3K |
Q on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate Q_USDT | +0.0100% | 4h | 0.02571 | −0.279% | $1.2M | $289K | 10x | as long as short |
| KuCoin QUSDTM | +0.0100% | 4h | 0.02568 | −0.427% | $681K | $19K | 20x | as long as short |
| Bitget QUSDT | +0.0100% | 4h | 0.02569 | −0.372% | $2.3M | $134K | 20x | as long as short |
| BloFin Q-USDTlong | +0.0581% | 4h | 0.02579 | long leg | $386K | $72K | 40x | |
| Extended Q-USD | +0.0584% | 1h | 0.02577 | −0.057% | $8K | $160K | 5x | as long as short |
| Binance QUSDT | +0.0587% | 4h | 0.02578 | −0.023% | $7.1M | $1.3M | 20x | as long as short |
| MEXC Q_USDT | +0.0590% | 4h | 0.02578 | −0.023% | $123K | $88K | 50x | as long as short |
| Aster QUSDT | +0.0733% | 4h | 0.02569 | −0.366% | $59K | $47K | 5x | as long as short |
| BingX Q-USDTshort | +0.0832% | 4h | 0.02580 | +0.058% | — | $1.3M | — | |
| Variational Omni Q | +0.0908% | 4h | 0.02575 | −0.161% | $620 | $2K | — | as long as short |
Gate Q_USDT
KuCoin QUSDTM
Bitget QUSDT
Extended Q-USD
Binance QUSDT
MEXC Q_USDT
Aster QUSDT
Variational Omni QShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit QUSDT | +0.0981% | 4h | 0.02575 | −0.151% | $1.6M | $384K | 13x | as long as short |
Bybit QUSDT