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 −0.061%

Price spread now: BingX against BloFin−0.051%81s7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as 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−$750.752% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.188%−$19 on $10k

Price spread, last 3 days (all we have)+0.204%+$20 · spread now −0.051%, 7d avg +0.029%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BingX is 0.081% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.029%). Swap the legs. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

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	27m 49s	$267K	$126K	75x
Short	BingX S-USDT	0.03914	0.0100	get 0.0050% / 4h	27m 49s	—	$6.7M	—

Funding 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 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 BingXbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$50.4
Price spread: −0.051% → +0.029%: −$8.05
Slippage, 4 orders: −$53.21
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$133.66
Costs to cover: 0.752%
Break-even: never at this rate

Slippage from BloFin: live order book, 44 min ago; BingX: live order book, 10 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, 44 min ago	1.28 bp	19.1 bp −$19	48.8 bp −$488	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	5.12 bp	18.9 bp −$19	54.9 bp −$549	298.6 bp −$29.9K	669.3 bp −$334.7K

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	−0.6080%	1h	0.03850	−1.685%	$23K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2131%	1h	0.03914	−0.054%	$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	0.03922	+0.153%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03917	+0.027%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03921	+0.135%	$604	—	150x	as long as short
Deribit S_USDC-PERPETUAL	+0.0005%	1h	0.03922	+0.153%	$66K	$10K	10x	as long as short
Orderly PERP_S_USDC	+0.0029%	4h	0.03918	+0.051%	$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

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.03915	−0.026%	$164K	$217K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03916	−0.005%	$981K	$695K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03927	+0.282%	$43K	$145K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03910	−0.151%	$5.3M	$17.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03908	−0.204%	$5.6M	$5.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03909	−0.179%	$979K	$4.9M	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	0.03913	−0.077%	$3.6M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03915	−0.026%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03918	+0.051%	$1.2M	$2.5M	50x	as long as short
BingX S-USDTshort	+0.0100%	4h	0.03914	−0.051%	—	$6.7M	—
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	0.03913	−0.076%	$220K	$877K	10x	as long as short
BloFin S-USDTlong	+0.0340%	4h	0.03916	long leg	$267K	$126K	75x