Funding you earn now, next payment 12:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.29 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Binance+0.220%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$1141.140% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.175%−$18 · spread now +0.220%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.208% dearer against Binance than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance THEUSDT | 0.08177 | 0.0295 | pay 0.0148% / 4h | 3h 39m | $2.1M | $5.4M | 10x |
| Short | BloFin THE-USDT | 0.08195 | 0.0354 | get 0.0177% / 4h | 3h 39m | $133K | $8K | 50x |
Binance THEUSDT
BloFin THE-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
- $12.37
- Price spread: +0.220% → +0.012%
- $20.81
- Slippage, 4 orders
- −$92.01
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$80.83
- Costs to cover
- 1.140%
- Break-even
- 52.7 days
Slippage from Binance: live order book, 13 min ago; BloFin: live order book, 17 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, 13 min ago | 3.06 bp | 27.8 bp −$28 | 255.9 bp −$2,559 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 17 min ago | 0.61 bp | 23.4 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
THE on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate THE_USDT | +0.0100% | 4h | 0.08190 | +0.159% | $68K | $75K | 10x | as long as short |
| KuCoin THEUSDTM | +0.0100% | 4h | 0.08184 | +0.086% | $115K | $121K | 10x | as long as short |
| Aster THEUSDT | +0.0160% | 4h | 0.08183 | +0.069% | $7K | $17K | 5x | as long as short |
| Binance THEUSDTlong | +0.0295% | 4h | 0.08177 | long leg | $2.1M | $5.4M | 10x | |
| MEXC THE_USDT | +0.0296% | 4h | 0.08181 | +0.049% | $236K | $161K | 50x | as long as short |
| BloFin THE-USDTshort | +0.0354% | 4h | 0.08195 | +0.220% | $133K | $8K | 50x | |
| Bitget THEUSDT | +0.0554% | 4h | 0.08191 | +0.171% | $468K | $460K | 10x | as long as short |
| Bybit THEUSDT | +0.1053% | 4h | 0.08168 | −0.110% | $547K | $497K | 20x | as long as short |
| BingX THE-USDT | +0.1594% | 4h | 0.08170 | −0.086% | — | $6.6M | — | as long as short |
Gate THE_USDT
KuCoin THEUSDTM
Aster THEUSDT
MEXC THE_USDT
Bitget THEUSDT
Bybit THEUSDT
BingX THE-USDT