Funding you earn now, next payment 04:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.001%
Price spread now: Binance against BloFin−0.096%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$860.863% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.096%, 7d avg −0.003%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.093% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin TURBO-USDT | 0.001051 | 0.0112 | pay 0.0056% / 4h | 44m 48s | $156K | $427K | 75x |
| Short | Binance TURBOUSDT | 0.001049 | 0.0100 | get 0.0050% / 4h | 44m 48s | $2.9M | $5.9M | 50x |
Funding 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
- −$2.49
- Price spread: −0.096% → −0.003%
- −$9.3
- Slippage, 4 orders
- −$64.28
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$98.07
- Costs to cover
- 0.863%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 56 min ago; Binance: 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, 56 min ago | 3.78 bp | 19.4 bp −$19 | 73.1 bp −$731 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 3.78 bp | 23.3 bp −$23 | 71.0 bp −$710 | doesn't fit | doesn't fit |
TURBO on 14 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_TURBOUSD | −0.0516% | 1h | 0.001049 | −0.115% | $67K | $28K | 20x | as long as short |
| Injective TURBO/USDC PERP | +0.0033% | 1h | 0.001069 | +1.761% | $83 | $4 | 5.5x | as long as short |
| Hyperliquid TURBO | +0.0100% | 1h | 0.001049 | −0.143% | $312K | $142K | 3x | as long as short |
| Aster TURBOUSDT | +0.0100% | 4h | 0.001048 | −0.219% | $9K | $20K | 10x | as long as short |
| Binance TURBOUSDTshort | +0.0100% | 4h | 0.001049 | −0.096% | $2.9M | $5.9M | 50x | |
| Bybit 1000TURBOUSDT | +0.0100% | 4h | 0.001050 | −0.048% | $387K | $742K | 25x | as long as short |
| OKX TURBO-USDT-SWAP | +0.0100% | 4h | 0.001050 | −0.019% | $905K | $1.9M | 20x | as long as short |
| Gate TURBO_USDT | +0.0100% | 4h | 0.001048 | −0.257% | $397K | $256K | 25x | as long as short |
| MEXC TURBO_USDT | +0.0100% | 4h | 0.001049 | −0.124% | $5.3M | $566K | 20x | as long as short |
| KuCoin TURBOUSDTM | +0.0100% | 4h | 0.001049 | −0.133% | $1.9M | $807K | 20x | as long as short |
Show all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TURBOUSDT | +0.0100% | 4h | 0.001050 | −0.048% | $1.0M | $491K | 25x | as long as short |
| BingX TURBO-USDT | +0.0100% | 4h | 0.001049 | −0.181% | — | $7.7M | — | as long as short |
| Extended TURBO-USD | +0.0104% | 1h | 0.001048 | −0.262% | $398 | $168K | 5x | as long as short |
| BloFin TURBO-USDTlong | +0.0112% | 4h | 0.001051 | long leg | $156K | $427K | 75x |
BloFin TURBO-USDT
Binance TURBOUSDT
Kraken Futures PF_TURBOUSD
Injective TURBO/USDC PERP
Hyperliquid TURBO
Aster TURBOUSDT
Bybit 1000TURBOUSDT
OKX TURBO-USDT-SWAP
Gate TURBO_USDT
MEXC TURBO_USDT
KuCoin TURBOUSDTM
Bitget TURBOUSDT
BingX TURBO-USDT
Extended TURBO-USD