Funding you earn now, next payment 04:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.32 per $10,000 · paid last 24h −0.010%
Price spread now: BloFin against BingX−0.121%51s7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$168as 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−$1601.598% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 3 days (all we have)+0.009%+$1 · spread now −0.121%, 7d avg −0.075%
=Funding pays, the price is against you. BloFin is 0.046% cheaper against BingX than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of −0.075%). If the spread goes back, that is −$5 on $10k: about 2.4 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour. The two prices were read 51 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 US-USDT | 0.01650 | 0.0786 | pay 0.0393% / 4h | 3h 42m | — | $1.3M | — |
| Short | BloFin US-USDT | 0.01648 | 0.0850 | get 0.0425% / 4h | 3h 42m | $481K | $49K | 10x |
BingX US-USDT
BloFin US-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
- $13.44
- Price spread: −0.121% → −0.075%
- −$4.6
- Slippage, 4 orders
- −$137.76
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$150.92
- Costs to cover
- 1.598%
- Break-even
- 85.6 days
Slippage from BingX: live order book, 8 min ago; BloFin: live order book, 28 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, 8 min ago | 8.81 bp | 43.4 bp −$43 | 186.5 bp −$1,865 | 1191.2 bp −$119.1K | doesn't fit |
| Sell BloFin live order book, 28 min ago | 7.31 bp | 32.3 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
US on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit USUSDT | +0.0100% | 4h | 0.01650 | +0.042% | $3.3M | $875K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01647 | −0.194% | $2.1M | $558K | 20x | as long as short |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01643 | −0.400% | $4.2M | $276K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01644 | −0.361% | $16K | $3K | — | as long as short |
| Bitget USUSDT | +0.0434% | 4h | 0.01651 | +0.091% | $4.3M | $250K | 10x | as long as short |
| Aster USUSDT | +0.0760% | 4h | 0.01644 | −0.333% | $12K | $55K | 5x | as long as short |
| BingX US-USDTlong | +0.0786% | 4h | 0.01650 | long leg | — | $1.3M | — | |
| MEXC US_USDT | +0.0804% | 4h | 0.01649 | −0.024% | $5.5M | $113K | 100x | as long as short |
| Binance USUSDT | +0.0813% | 4h | 0.01649 | −0.018% | $9.2M | $3.1M | 10x | as long as short |
| Extended US-USD | +0.0816% | 1h | 0.01649 | −0.040% | $2K | $139K | 5x | as long as short |
Bybit USUSDT
Gate US_USDT
KuCoin USUSDTM
Variational Omni US
Bitget USUSDT
Aster USUSDT
MEXC US_USDT
Binance USUSDT
Extended US-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin US-USDTshort | +0.0850% | 4h | 0.01648 | −0.121% | $481K | $49K | 10x |