S

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.065%

Price spread now: Binance against BloFin+0.116%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$790.794% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.279%−$28 on $10k

Price spread, last 3 days (all we have)+0.061%+$6 · spread now +0.116%, 7d avg +0.043%

Together, before fees−0.218%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.074% dearer against BloFin than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of +0.043%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin S-USDT	0.03916	0.0340	pay 0.0170% / 4h	29m 03s	$267K	$126K	75x
Short	Binance SUSDT	0.03921	0.0100	get 0.0050% / 4h	29m 03s	$5.4M	$17.3M	75x

Funding 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 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.116%Rate

Funding earned: −$50.4
Price spread: +0.116% → +0.043%: $7.38
Slippage, 4 orders: −$57.39
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$122.41
Costs to cover: 0.794%
Break-even: never at this rate

Slippage from BloFin: live order book, 42 min ago; Binance: live order book, 12 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, 42 min ago	1.28 bp	19.1 bp −$19	48.8 bp −$488	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.27 bp	21.7 bp −$22	57.5 bp −$575	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	−0.6088%	1h	0.03840	−1.941%	$23K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2128%	1h	0.03919	+0.089%	$33K	$25K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1336%	1h	0.03826	−2.298%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0995%	4h	0.03911	−0.126%	$608K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0202% / S +0.0195%	1h	0.03925	+0.225%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03920	+0.097%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03923	+0.187%	$605	—	150x	as long as short
Orderly PERP_S_USDC	+0.0029%	4h	0.03921	+0.128%	$100K	$340K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.699%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03926	+0.255%	$164K	$217K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03921	+0.123%	$982K	$695K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03929	+0.340%	$43K	$145K	10x	as long as short
Binance SUSDTshort	+0.0100%	4h	0.03921	+0.116%	$5.4M	$17.3M	75x
Bybit SUSDT	+0.0100%	4h	0.03915	−0.026%	$5.6M	$5.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03916	0.000%	$979K	$5.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03917	+0.026%	$320K	$259K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03920	+0.102%	$3.6M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03922	+0.153%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03922	+0.153%	$1.2M	$2.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03917	+0.026%	—	$6.7M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.03920	+0.102%	$114K	$312K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03920	+0.102%	$25K	$454K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03917	+0.026%	$220K	$877K	10x	as long as short
BloFin S-USDTlong	+0.0340%	4h	0.03916	long leg	$267K	$126K	75x
Deribit S_USDC-PERPETUAL	+0.0514%	1h	0.03928	+0.306%	$66K	$10K	10x	as long as short