Funding you earn now, next payment 04:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.22 per $10,000 · paid last 24h +0.015%
Price spread now: Binance against BloFin−0.120%101s7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$141as 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−$1441.444% of the position
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 3 days (all we have)+0.133%+$13 · spread now −0.120%, 7d avg −0.018%
=Funding pays, the price is against you. Binance is 0.102% cheaper against BloFin than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of −0.018%). If the spread goes back, that is −$10 on $10k: about 7.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.037% in total) that is about 19 days. The two prices were read 101 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 TURTLE-USDT | 0.04291 | 0.0055 | pay 0.0028% / 4h | 2h 55m | $101K | $6K | 20x |
| Short | Binance TURTLEUSDT | 0.04286 | 0.0100 | get 0.0050% / 4h | 2h 55m | $1.5M | $727K | 20x |
BloFin TURTLE-USDT
Binance TURTLEUSDTFunding 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
- $9.42
- Price spread: −0.120% → −0.018%
- −$10.19
- Slippage, 4 orders
- −$122.44
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$145.22
- Costs to cover
- 1.444%
- Break-even
- 114.9 days
Slippage from BloFin: live order book, 59 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, 59 min ago | 2.31 bp | 35.2 bp −$35 | 131.6 bp −$1,316 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 3.48 bp | 40.4 bp −$40 | 270.1 bp −$2,701 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TURTLE-USDTlong | +0.0055% | 4h | 0.04291 | long leg | $101K | $6K | 20x | |
| Aster TURTLEUSDT | +0.0100% | 4h | 0.04284 | −0.163% | $2K | $213 | 5x | as long as short |
| Binance TURTLEUSDTshort | +0.0100% | 4h | 0.04286 | −0.120% | $1.5M | $727K | 20x | |
| Bybit TURTLEUSDT | +0.0100% | 4h | 0.04282 | −0.210% | $150K | $25K | 25x | as long as short |
| Gate TURTLE_USDT | +0.0100% | 8h | 0.04291 | 0.000% | $88K | $21K | 20x | as long as short |
| MEXC TURTLE_USDT | +0.0100% | 4h | 0.04286 | −0.117% | $224K | $86K | 20x | as long as short |
| KuCoin TURTLEUSDTM | +0.0100% | 4h | 0.04285 | −0.140% | $173K | $103K | 20x | as long as short |
| BingX TURTLE-USDT | +0.0100% | 4h | 0.04290 | −0.023% | — | $6.5M | — | as long as short |
| Variational Omni TURTLE | +0.0100% | 4h | 0.04290 | −0.015% | $1K | $901 | — | as long as short |
Aster TURTLEUSDT
Bybit TURTLEUSDT
Gate TURTLE_USDT
MEXC TURTLE_USDT
KuCoin TURTLEUSDTM
BingX TURTLE-USDT
Variational Omni TURTLE