Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.068%
Price spread now: BloFin against BingX−0.222%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$890.889% of the position
Funding, last 7 days+0.225%+$23 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.222%, 7d avg −0.020%
=Funding pays, the price is against you. BloFin is 0.202% cheaper against BingX than usual: you would sell low and buy high (spread −0.222% now, against its 7-day average of −0.020%). If the spread goes back, that is −$20 on $10k: about 2.8 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.225% in total) that is about 6.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX S-USDT | 0.04052 | 0.0100 | pay 0.0050% / 4h | 53m 09s | — | $6.8M | — |
| Short | BloFin S-USDT | 0.04043 | 0.0340 | get 0.0170% / 4h | 53m 09s | $279K | $115K | 75x |
BingX S-USDT
BloFin S-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
- $50.4
- Price spread: −0.222% → −0.020%
- −$20.23
- Slippage, 4 orders
- −$66.9
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$58.73
- Costs to cover
- 0.889%
- Break-even
- 15.2 days
Slippage from BingX: live order book, 14 min ago; BloFin: live order book, 26 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, 14 min ago | 6.21 bp | 22.3 bp −$22 | 67.0 bp −$670 | 497.0 bp −$49.7K | 784.5 bp −$392.3K |
| Sell BloFin live order book, 26 min ago | 3.71 bp | 18.6 bp −$19 | 55.4 bp −$554 | doesn't fit | doesn't fit |
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.6040% | 1h | 0.03950 | −2.517% | $24K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.1950% | 1h | 0.04053 | +0.020% | $35K | $16K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1064% | 1h | 0.03961 | −2.246% | $48K | $16K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04052 | −0.012% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04051 | −0.036% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04053 | +0.013% | $625 | — | 150x | as long as short |
| Variational Omni S | +0.0020% | 4h | 0.04008 | −1.092% | $622K | $17K | — | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +1.185% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0086% | 4h | 0.04054 | +0.049% | $101K | $574K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04058 | +0.148% | $173K | $137K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Variational Omni S
Injective S/USDC PERP
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04054 | +0.039% | $1.0M | $578K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04054 | +0.051% | $48K | $110K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04056 | +0.099% | $5.7M | $13.6M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04048 | −0.099% | $5.8M | $4.1M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04051 | −0.025% | $1.0M | $3.7M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04046 | −0.148% | $329K | $174K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04056 | +0.099% | $4.1M | $1.8M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04051 | −0.025% | $1.9M | $2.8M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04056 | +0.099% | $1.2M | $2.2M | 50x | as long as short |
| BingX S-USDTlong | +0.0100% | 4h | 0.04052 | long leg | — | $6.8M | — | |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04020 | −0.790% | $23K | $488K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04052 | +0.011% | $227K | $1.3M | 10x | as long as short |
| BloFin S-USDTshort | +0.0340% | 4h | 0.04043 | −0.222% | $279K | $115K | 75x | |
| Deribit S_USDC-PERPETUAL | +0.0736% | 1h | 0.04060 | +0.197% | $68K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.1487% | 1h | 0.04060 | +0.197% | $118K | $430K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
ApeX Omni SUSDT
Extended S-USD
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP