Funding you earn now, next payment 04:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.06 per $10,000 · paid last 24h −0.005%
Price spread now: BingX against BloFin0.000%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs+$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1141.140% of the position
Funding, last 7 days+1.323%+$132 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now 0.000%, 7d avg +0.083%
=Funding pays, the price is against you. BingX is 0.083% cheaper against BloFin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.083%). If the spread goes back, that is −$8 on $10k: about 25 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+1.323% in total) that is about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SKL-USDT | 0.004659 | 0.0089 | pay 0.0044% / 4h | 1h 34m | $184K | $43K | 50x |
| Short | BingX SKL-USDT | 0.004659 | 0.0100 | get 0.0050% / 4h | 1h 34m | — | $2.3M | — |
BloFin SKL-USDT
BingX SKL-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
- $2.36
- Price spread: 0.000% → +0.083%
- −$8.26
- Slippage, 4 orders
- −$92.01
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$119.92
- Costs to cover
- 1.140%
- Break-even
- 363.4 days
Slippage from BloFin: live order book, 3 min ago; BingX: live order book, 13 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, 3 min ago | 2.14 bp | 16.1 bp −$16 | 41.5 bp −$415 | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 7.55 bp | 36.4 bp −$36 | 78.6 bp −$786 | 644.0 bp −$64.4K | doesn't fit |
SKL 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 SKL-USDTlong | +0.0089% | 4h | 0.004659 | long leg | $184K | $43K | 50x | |
| Binance SKLUSDT | +0.0100% | 4h | 0.004656 | −0.064% | $2.8M | $8.9M | 50x | as long as short |
| Bybit SKLUSDT | +0.0100% | 8h | 0.004656 | −0.064% | $916K | $1.0M | 25x | as long as short |
| Gate SKL_USDT | +0.0100% | 4h | 0.004650 | −0.193% | $193K | $241K | 50x | as long as short |
| MEXC SKL_USDT | +0.0100% | 4h | 0.004655 | −0.086% | $404K | $202K | 20x | as long as short |
| KuCoin SKLUSDTM | +0.0100% | 4h | 0.004658 | −0.021% | $836K | $325K | 30x | as long as short |
| Bitget SKLUSDT | +0.0100% | 4h | 0.004653 | −0.129% | $504K | $905K | 25x | as long as short |
| BingX SKL-USDTshort | +0.0100% | 4h | 0.004659 | 0.000% | — | $2.3M | — | |
| Variational Omni SKL | +0.0100% | 8h | 0.004665 | +0.131% | $715 | $1K | — | as long as short |
| Kraken Futures PF_SKLUSD | +0.1859% | 1h | 0.004670 | +0.242% | $5K | $5K | 10x | as long as short |
Binance SKLUSDT
Bybit SKLUSDT
Gate SKL_USDT
MEXC SKL_USDT
KuCoin SKLUSDTM
Bitget SKLUSDT
Variational Omni SKL
Kraken Futures PF_SKLUSD