Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.18 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against BloFin+0.065%51s7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as 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−$1141.136% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 3 days (all we have)+0.045%+$4 · spread now +0.065%, 7d avg −0.036%
=The price spread pays, funding is against you. Binance is 0.101% dearer against BloFin than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of −0.036%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.6 days. At the pace of the last 7 days (−0.006% in total) that is about 4 months. 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 | BloFin US-USDT | 0.01643 | 0.0213 | pay 0.0107% / 4h | 2h 50m | $481K | $49K | 10x |
| Short | Binance USUSDT | 0.01644 | 0.0178 | get 0.0089% / 4h | 2h 50m | $9.2M | $3.1M | 10x |
BloFin US-USDT
Binance USUSDTFunding 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
- −$7.35
- Price spread: +0.065% → −0.036%
- $10.1
- Slippage, 4 orders
- −$91.61
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$110.86
- Costs to cover
- 1.136%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 35 min ago; Binance: live order book, 4 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, 35 min ago | 1.21 bp | 25.5 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 1.83 bp | 35.9 bp −$36 | 194.2 bp −$1,942 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster USUSDT | +0.0100% | 4h | 0.01643 | −0.002% | $12K | $54K | 5x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01646 | +0.158% | $3.3M | $822K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01642 | −0.067% | $2.1M | $535K | 20x | as long as short |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01640 | −0.183% | $4.2M | $271K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01645 | +0.098% | $16K | $3K | — | as long as short |
| Extended US-USD | +0.0176% | 1h | 0.01645 | +0.074% | $4K | $141K | 5x | as long as short |
| MEXC US_USDT | +0.0178% | 4h | 0.01644 | +0.055% | $5.5M | $115K | 100x | as long as short |
| Binance USUSDTshort | +0.0178% | 4h | 0.01644 | +0.065% | $9.2M | $3.1M | 10x | |
| BloFin US-USDTlong | +0.0213% | 4h | 0.01643 | long leg | $481K | $49K | 10x | |
| Bitget USUSDT | +0.0662% | 4h | 0.01646 | +0.146% | $4.3M | $244K | 10x | as long as short |
Aster USUSDT
Bybit USUSDT
Gate US_USDT
KuCoin USUSDTM
Variational Omni US
Extended US-USD
MEXC US_USDT
Bitget USUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX US-USDT | +0.0664% | 4h | 0.01646 | +0.128% | — | $1.3M | — | as long as short |
BingX US-USDT