Funding you earn now, next payment 00:00 UTC+0.0451%/8h= +49.3% APRnext payment +$2.25 per $10,000 · paid last 24h +0.009%
Price spread now: BingX against BloFin+0.176%96s7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as 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−$1101.099% of the position
Funding, last 7 days+0.088%+$9 on $10k
+Price spread, last 3 days (all we have)+0.068%+$7 · spread now +0.176%, 7d avg +0.078%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and BingX is 0.098% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.078%. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.088% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| 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 49m | $481K | $49K | 10x |
| Short | BingX US-USDT | 0.01646 | 0.0664 | get 0.0332% / 4h | 2h 49m | — | $1.3M | — |
BloFin US-USDT
BingX US-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $94.61
- Price spread: +0.176% → +0.078%
- $9.81
- Slippage, 4 orders
- −$87.9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$5.48
- Costs to cover
- 1.099%
- Break-even
- 7.4 days
Slippage from BloFin: live order book, 36 min ago; BingX: live order book, 11 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, 36 min ago | 1.21 bp | 25.5 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 6.65 bp | 36.8 bp −$37 | 106.8 bp −$1,068 | 913.9 bp −$91.4K | 1262.9 bp −$631.4K |
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 | 0.01642 | −0.059% | $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 | $536K | 20x | as long as short |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01640 | −0.183% | $4.2M | $272K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01645 | +0.098% | $16K | $3K | — | as long as short |
| Extended US-USD | +0.0168% | 1h | 0.01644 | +0.065% | $4K | $141K | 5x | as long as short |
| Binance USUSDT | +0.0170% | 4h | 0.01644 | +0.061% | $9.2M | $3.1M | 10x | as long as short |
| MEXC US_USDT | +0.0178% | 4h | 0.01645 | +0.079% | $5.5M | $115K | 100x | as long as short |
| BloFin US-USDTlong | +0.0213% | 4h | 0.01643 | long leg | $481K | $49K | 10x | |
| Bitget USUSDT | +0.0654% | 4h | 0.01646 | +0.164% | $4.3M | $244K | 10x | as long as short |
Aster USUSDT
Bybit USUSDT
Gate US_USDT
KuCoin USUSDTM
Variational Omni US
Extended US-USD
Binance USUSDT
MEXC US_USDT
Bitget USUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX US-USDTshort | +0.0664% | 4h | 0.01646 | +0.176% | — | $1.3M | — |