Funding you earn now, next payment 08:00 UTC+0.0483%/8h= +52.9% APRnext payment +$2.41 per $10,000 · paid last 24h +0.039%
Price spread now: BingX against BloFin−0.525%66s7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$128as 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−$1481.483% of the position
Funding, last 7 days+0.202%+$20 on $10k
+Price spread, last 4 days (all we have)+0.793%+$79 · spread now −0.525%, 7d avg −0.003%
=Funding pays, the price is against you. BingX is 0.522% cheaper against BloFin than usual: you would sell low and buy high (spread −0.525% now, against its 7-day average of −0.003%). If the spread goes back, that is −$52 on $10k: about 3.6 days of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.202% in total) that is about 18 days. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.202% in total (about 10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SKR-USDT | 0.02151 | −0.0383 | get 0.0191% / 4h | 2h 16m | $263K | $167K | 20x |
| Short | BingX SKR-USDT | 0.02140 | 0.0100 | get 0.0050% / 4h | 2h 16m | — | $2.7M | — |
BloFin SKR-USDT
BingX SKR-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
- $101.38
- Price spread: −0.525% → −0.003%
- −$52.19
- Slippage, 4 orders
- −$126.28
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$99.09
- Costs to cover
- 1.483%
- Break-even
- 13.8 days
Slippage from BloFin: live order book, 65 min ago; BingX: live order book, 4 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, 65 min ago | 3.70 bp | 43.5 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 6.73 bp | 36.0 bp −$36 | 205.8 bp −$2,058 | 470.5 bp −$47.1K | 953.6 bp −$476.8K |
SKR on 15 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 SKR-USDTlong | −0.0383% | 4h | 0.02151 | long leg | $263K | $167K | 20x | |
| Hyperliquid SKR | −0.0164% | 1h | 0.02140 | −0.497% | $1.4M | $1.4M | 3x | as long as short |
| Bybit SKRUSDT | −0.0121% | 4h | 0.02143 | −0.353% | $4.9M | $9.9M | 20x | as long as short |
| Backpack SKR_USDC_PERP | −0.0046% | 1h | 0.02139 | −0.535% | $56K | $206K | 5x | as long as short |
| Lighter SKR | +0.0096% | 1h | 0.02141 | −0.484% | $8K | $30K | 3x | as long as short |
| Aster SKRUSDT | +0.0100% | 4h | 0.02142 | −0.420% | $26K | $115K | 5x | as long as short |
| Binance SKRUSDT | +0.0100% | 4h | 0.02140 | −0.487% | $4.0M | $25.6M | 20x | as long as short |
| Gate SKR_USDT | +0.0100% | 4h | 0.02142 | −0.423% | $1.0M | $1.6M | 20x | as long as short |
| MEXC SKR_USDT | +0.0100% | 4h | 0.02141 | −0.451% | $5.1M | $818K | 20x | as long as short |
| KuCoin SKRUSDTM | +0.0100% | 4h | 0.02141 | −0.446% | $697K | $1.4M | 20x | as long as short |
Hyperliquid SKR
Bybit SKRUSDT
Backpack SKR_USDC_PERP
Lighter SKR
Aster SKRUSDT
Binance SKRUSDT
Gate SKR_USDT
MEXC SKR_USDT
KuCoin SKRUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKRUSDT | +0.0100% | 4h | 0.02141 | −0.456% | $1.6M | $3.3M | 20x | as long as short |
| BingX SKR-USDTshort | +0.0100% | 4h | 0.02140 | −0.525% | — | $2.7M | — | |
| SunX SKR-USDT | +0.0100% | 4h | 0.02141 | −0.442% | $2K | $3.1M | 20x | as long as short |
| HTX SKR-USDT | +0.0100% | 4h | 0.02141 | −0.451% | $14K | $40K | 20x | as long as short |
| Phoenix SKR | +0.0735% | 1h | 0.02149 | −0.084% | $4K | $10K | 3x | as long as short |
Bitget SKRUSDT
SunX SKR-USDT
HTX SKR-USDT
Phoenix SKR