Funding you earn now, next payment 04:00 UTC−0.0044%/8h= −4.9% APRnext payment −$0.22 per $10,000 · paid last 24h +0.001%
Price spread now: Binance against BloFin−0.229%81s7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as 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−$1201.198% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.229%, 7d avg −0.008%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.222% cheaper against BloFin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.008%). 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 THE-USDT | 0.08279 | 0.0461 | pay 0.0230% / 4h | 27m 49s | $143K | $5K | 50x |
| Short | Binance THEUSDT | 0.08260 | 0.0416 | get 0.0208% / 4h | 27m 49s | $2.2M | $4.8M | 10x |
BloFin THE-USDT
Binance THEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$9.32
- Price spread: −0.229% → −0.008%
- −$22.17
- Slippage, 4 orders
- −$97.83
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$151.32
- Costs to cover
- 1.198%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Binance: 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, 2 min ago | 1.21 bp | 22.7 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.21 bp | 43.8 bp −$44 | 222.9 bp −$2,229 | 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 | 0.08280 | +0.012% | $66K | $77K | 10x | as long as short |
| KuCoin THEUSDTM | +0.0100% | 4h | 0.08268 | −0.133% | $116K | $108K | 10x | as long as short |
| Bitget THEUSDT | +0.0100% | 4h | 0.08263 | −0.193% | $445K | $373K | 10x | as long as short |
| Aster THEUSDT | +0.0410% | 4h | 0.08267 | −0.140% | $5K | $12K | 5x | as long as short |
| Binance THEUSDTshort | +0.0416% | 4h | 0.08260 | −0.229% | $2.2M | $4.8M | 10x | |
| MEXC THE_USDT | +0.0424% | 4h | 0.08261 | −0.217% | $194K | $143K | 50x | as long as short |
| BloFin THE-USDTlong | +0.0461% | 4h | 0.08279 | long leg | $143K | $5K | 50x | |
| BingX THE-USDT | +0.0765% | 4h | 0.08270 | −0.109% | — | $6.5M | — | as long as short |
| Bybit THEUSDT | +0.0795% | 4h | 0.08256 | −0.278% | $552K | $449K | 20x | as long as short |
Gate THE_USDT
KuCoin THEUSDTM
Bitget THEUSDT
Aster THEUSDT
MEXC THE_USDT
BingX THE-USDT
Bybit THEUSDT