RED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.009%

Price spread now: BloFin against Binance+0.001%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1351.348% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 3 days (all we have)+0.146%+$15 · spread now +0.001%, 7d avg +0.084%

Together, before fees+0.076%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.083% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.084%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance REDUSDT	0.1512	0.0100	pay 0.0050% / 4h	28m 36s	$2.4M	$3.8M	50x
Short	BloFin RED-USDT	0.1512	0.0053	get 0.0027% / 4h	28m 36s	$225K	$5K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BloFinbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$9.83
Price spread: +0.001% → +0.084%: −$8.33
Slippage, 4 orders: −$112.77
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$152.94
Costs to cover: 1.348%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; BloFin: live order book, 42 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 Binance live order book, 8 min ago	3.30 bp	23.7 bp −$24	123.2 bp −$1,232	doesn't fit	doesn't fit
Sell BloFin live order book, 42 min ago	6.63 bp	45.1 bp −$45	doesn't fit	doesn't fit	doesn't fit

RED 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
BloFin RED-USDTshort	+0.0053%	4h	0.1512	+0.001%	$225K	$5K	25x
Aster REDUSDT	+0.0100%	4h	0.1514	+0.094%	$26K	$38K	5x	as long as short
Binance REDUSDTlong	+0.0100%	4h	0.1512	long leg	$2.4M	$3.8M	50x
Bybit REDUSDT	+0.0100%	4h	0.1513	+0.027%	$2.1M	$1.7M	25x	as long as short
Gate RED_USDT	+0.0100%	4h	0.1514	+0.106%	$349K	$151K	25x	as long as short
Bitget REDUSDT	+0.0100%	4h	0.1514	+0.106%	$723K	$294K	20x	as long as short
Variational Omni RED	+0.0100%	4h	0.1513	+0.052%	$25K	$3K	—	as long as short
SunX RED-USDT	+0.0100%	4h	0.1548	+2.354%	$2K	$668K	20x	as long as short
Extended RED-USD	+0.0104%	1h	0.1512	−0.020%	$30	—	5x	as long as short
MEXC RED_USDT	+0.0386%	4h	0.1512	−0.026%	$561K	$174K	20x	as long as short