Funding you earn now, next payment 12:00 UTC+0.1366%/8h= +149.6% APRnext payment +$6.83 per $10,000 · paid last 24h +0.020%
Price spread now: BingX against BloFin+0.036%96s7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as 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−$1191.190% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)−0.273%−$27 · spread now +0.036%, 7d avg −0.033%
=Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and BingX is 0.069% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.033%. The two prices were read 96 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 -0.036% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.83 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin THE-USDT | 0.08225 | 0.0298 | pay 0.0149% / 4h | 2h 21m | $131K | $8K | 50x |
| Short | BingX THE-USDT | 0.08228 | 0.1664 | get 0.0832% / 4h | 2h 21m | — | $6.5M | — |
BloFin THE-USDT
BingX THE-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
- $286.91
- Price spread: +0.036% → −0.033%
- $6.94
- Slippage, 4 orders
- −$97.03
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $174.82
- Costs to cover
- 1.190%
- Break-even
- 2.7 days
Slippage from BloFin: live order book, 22 min ago; BingX: live order book, 8 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, 22 min ago | 5.49 bp | 23.1 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 6.69 bp | 38.1 bp −$38 | 179.9 bp −$1,799 | 865.8 bp −$86.6K | 1133.2 bp −$566.6K |
THE on 9 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster THEUSDT | +0.0196% | 4h | 0.08221 | −0.052% | $7K | $17K | 5x | as long as short |
| BloFin THE-USDTlong | +0.0298% | 4h | 0.08225 | long leg | $131K | $8K | 50x | |
| MEXC THE_USDT | +0.0336% | 4h | 0.08232 | +0.085% | $232K | $167K | 50x | as long as short |
| Binance THEUSDT | +0.0336% | 4h | 0.08231 | +0.073% | $2.0M | $5.2M | 10x | as long as short |
| Gate THE_USDT | +0.0380% | 4h | 0.08230 | +0.061% | $68K | $72K | 10x | as long as short |
| KuCoin THEUSDTM | +0.0404% | 4h | 0.08230 | +0.061% | $119K | $119K | 10x | as long as short |
| Bitget THEUSDT | +0.1026% | 4h | 0.08239 | +0.170% | $479K | $437K | 10x | as long as short |
| BingX THE-USDTshort | +0.1664% | 4h | 0.08228 | +0.036% | — | $6.5M | — | |
| Bybit THEUSDT | +0.1815% | 4h | 0.08222 | −0.036% | $550K | $481K | 20x | as long as short |
Aster THEUSDT
MEXC THE_USDT
Binance THEUSDT
Gate THE_USDT
KuCoin THEUSDTM
Bitget THEUSDT
Bybit THEUSDT