Funding you earn now, next payment 08:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.27 per $10,000 · paid last 24h −0.013%
Price spread now: BloFin against BingX−0.068%96s7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as 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−$1361.355% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.068%, 7d avg +0.035%
=Funding pays, the price is against you. BloFin is 0.103% cheaper against BingX than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.035%). If the spread goes back, that is −$10 on $10k: about 6.3 days of funding at the current rate (+$2 a day). The two prices were read 96 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 | BingX TURTLE-USDT | 0.04391 | 0.0100 | pay 0.0050% / 4h | 3h 33m | — | $6.5M | — |
| Short | BloFin TURTLE-USDT | 0.04388 | 0.0155 | get 0.0077% / 4h | 3h 33m | $103K | $7K | 20x |
BingX TURTLE-USDT
BloFin TURTLE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- $11.45
- Price spread: −0.068% → +0.035%
- −$10.29
- Slippage, 4 orders
- −$113.51
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$134.36
- Costs to cover
- 1.355%
- Break-even
- 89.2 days
Slippage from BingX: live order book, 2 min ago; BloFin: live order book, 55 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 BingX live order book, 2 min ago | 6.83 bp | 31.6 bp −$32 | 154.7 bp −$1,547 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 55 min ago | 3.42 bp | 31.9 bp −$32 | 116.5 bp −$1,165 | doesn't fit | doesn't fit |
TURTLE 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TURTLEUSDT | +0.0100% | 4h | 0.04386 | −0.114% | $2K | $213 | 5x | as long as short |
| Binance TURTLEUSDT | +0.0100% | 4h | 0.04392 | +0.023% | $1.6M | $827K | 20x | as long as short |
| Bybit TURTLEUSDT | +0.0100% | 4h | 0.04383 | −0.182% | $149K | $28K | 25x | as long as short |
| Gate TURTLE_USDT | +0.0100% | 8h | 0.04392 | +0.023% | $91K | $21K | 20x | as long as short |
| MEXC TURTLE_USDT | +0.0100% | 4h | 0.04391 | 0.000% | $221K | $91K | 20x | as long as short |
| KuCoin TURTLEUSDTM | +0.0100% | 4h | 0.04382 | −0.205% | $178K | $103K | 20x | as long as short |
| BingX TURTLE-USDTlong | +0.0100% | 4h | 0.04391 | long leg | — | $6.5M | — | |
| Variational Omni TURTLE | +0.0100% | 4h | 0.04389 | −0.052% | $1K | $944 | — | as long as short |
| BloFin TURTLE-USDTshort | +0.0155% | 4h | 0.04388 | −0.068% | $103K | $7K | 20x |
Aster TURTLEUSDT
Binance TURTLEUSDT
Bybit TURTLEUSDT
Gate TURTLE_USDT
MEXC TURTLE_USDT
KuCoin TURTLEUSDTM
Variational Omni TURTLE