Funding you earn now, next payment 08:00 UTC+0.0247%/8h= +27.0% APRnext payment +$1.23 per $10,000 · paid last 24h +0.071%
Price spread now: BloFin against BingX+0.349%66s7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as 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−$760.756% of the position
Funding, last 7 days+0.499%+$50 on $10k
+Price spread, last 4 days (all we have)−0.508%−$51 · spread now +0.349%, 7d avg −0.001%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.350% dearer against BingX than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of −0.001%. The two prices were read 66 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 USELESS-USDT | 0.2753 | 0.0450 | pay 0.0225% / 4h | 2h 00m | — | $5.3M | — |
| Short | BloFin USELESS-USDT | 0.2763 | 0.0697 | get 0.0348% / 4h | 2h 00m | $1.2M | $2.1M | 12x |
BingX USELESS-USDT
BloFin USELESS-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
- $51.84
- Price spread: +0.349% → −0.001%
- $34.97
- Slippage, 4 orders
- −$53.59
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $11.21
- Costs to cover
- 0.756%
- Break-even
- 5.5 days
Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 3 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, 5 min ago | 3.62 bp | 19.2 bp −$19 | 78.3 bp −$783 | 477.8 bp −$47.8K | 1167.7 bp −$583.8K |
| Sell BloFin live order book, 3 min ago | 3.08 bp | 21.6 bp −$22 | 38.4 bp −$384 | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2754 | +0.025% | $1.3M | $1.2M | 3x | as long as short |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2756 | +0.109% | $11.9M | $23.3M | 3x | as long as short |
| Aster USELESSUSDT | +0.0100% | 4h | 0.2756 | +0.098% | $540K | $2.1M | 10x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2758 | +0.157% | $29K | $19K | 3x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2754 | +0.007% | $5.3M | $10.4M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2756 | +0.098% | $26K | $256K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2757 | +0.138% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2755 | +0.065% | $19K | $517K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2758 | +0.178% | $644K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0110% | 4h | 0.2757 | +0.113% | $5.0M | $10.6M | 12x | as long as short |
Lighter USELESS
Hyperliquid USELESS
Aster USELESSUSDT
Pacifica USELESS
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0144% | 1h | 0.2754 | +0.012% | $10K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0169% | 4h | 0.2752 | −0.036% | $9.5M | $67.8M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0236% | 4h | 0.2756 | +0.097% | $21K | $197K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0238% | 4h | 0.2756 | +0.084% | $11.2M | $6.1M | 50x | as long as short |
| Binance USELESSUSDT | +0.0238% | 4h | 0.2757 | +0.120% | $22.9M | $123.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0240% | 1h | 0.2757 | +0.128% | $138K | $1.2M | 5x | as long as short |
| Gate USELESS_USDT | +0.0362% | 4h | 0.2754 | +0.011% | $6.9M | $8.7M | 50x | as long as short |
| Bybit USELESSUSDT | +0.0446% | 4h | 0.2756 | +0.094% | $25.9M | $48.6M | 13x | as long as short |
| BingX USELESS-USDTlong | +0.0450% | 4h | 0.2753 | long leg | — | $5.3M | — | |
| Variational Omni USELESS | +0.0486% | 4h | 0.2761 | +0.279% | $1.0M | $1.8M | — | as long as short |
| ApeX Omni USELESSUSDT | +0.0551% | 1h | 0.2774 | +0.748% | $49K | $701K | 25x | as long as short |
| BloFin USELESS-USDTshort | +0.0697% | 4h | 0.2763 | +0.349% | $1.2M | $2.1M | 12x | |
| Orderly PERP_USELESS_USDC | +0.1089% | 4h | 0.2756 | +0.109% | $21K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2826 | +2.644% | $5K | $11K | 5.5x | as long as short |
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Gate USELESS_USDT
Bybit USELESSUSDT
Variational Omni USELESS
ApeX Omni USELESSUSDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP