Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.005%
Price spread now: BloFin against Binance+0.060%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$960.955% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 3 days (all we have)−0.071%−$7 · spread now +0.060%, 7d avg −0.005%
=The price spread pays, funding is against you. BloFin is 0.065% dearer against Binance than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of −0.005%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.4 days. At the pace of the last 7 days (−0.003% in total) that is about 5 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SSVUSDT | 3.3180 | 0.0100 | pay 0.0100% / 8h | 7h 39m | $2.4M | $2.7M | 50x |
| Short | BloFin SSV-USDT | 3.3200 | 0.0074 | get 0.0074% / 8h | 7h 39m | $122K | $60K | 75x |
Binance SSVUSDT
BloFin SSV-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$5.4
- Price spread: +0.060% → −0.005%
- $6.52
- Slippage, 4 orders
- −$73.51
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$94.39
- Costs to cover
- 0.955%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 16 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 Binance live order book, 11 min ago | 3.02 bp | 22.2 bp −$22 | 132.3 bp −$1,323 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 16 min ago | 1.51 bp | 25.0 bp −$25 | 61.2 bp −$612 | doesn't fit | doesn't fit |
SSV on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SSVUSD | −0.0181% | 1h | 3.3202 | +0.065% | $10K | $14K | 10x | as long as short |
| BloFin SSV-USDTshort | +0.0074% | 8h | 3.3200 | +0.060% | $122K | $60K | 75x | |
| Binance SSVUSDTlong | +0.0100% | 8h | 3.3180 | long leg | $2.4M | $2.7M | 50x | |
| Bybit SSVUSDT | +0.0100% | 8h | 3.3160 | −0.060% | $563K | $251K | 50x | as long as short |
| OKX SSV-USDT-SWAP | +0.0100% | 8h | 3.3180 | 0.000% | $528K | $922K | 20x | as long as short |
| Gate SSV_USDT | +0.0100% | 8h | 3.3220 | +0.121% | $147K | $76K | 25x | as long as short |
| MEXC SSV_USDT | +0.0100% | 8h | 3.3180 | 0.000% | $198K | $132K | 50x | as long as short |
| KuCoin SSVUSDTM | +0.0100% | 8h | 3.3200 | +0.060% | $247K | $38K | 30x | as long as short |
| Bitget SSVUSDT | +0.0100% | 8h | 3.3160 | −0.060% | $507K | $295K | 50x | as long as short |
| BingX SSV-USDT | +0.0100% | 8h | 3.3180 | 0.000% | — | $2.3M | — | as long as short |
Kraken Futures PF_SSVUSD
Bybit SSVUSDT
OKX SSV-USDT-SWAP
Gate SSV_USDT
MEXC SSV_USDT
KuCoin SSVUSDTM
Bitget SSVUSDT
BingX SSV-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SSV | +0.0100% | 8h | 3.3180 | 0.000% | $829 | $1 | — | as long as short |
Variational Omni SSV