Funding you earn now, next payment 12:00 UTC+0.0132%/8h= +14.5% APRnext payment +$0.66 per $10,000 · paid last 24h +0.057%
Price spread now: BloFin against Binance−0.060%111s7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs+$23as 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−$220.225% of the position
Funding, last 7 days+0.453%+$45 on $10k
+Price spread, last 4 days (all we have)+0.216%+$22 · spread now −0.060%, 7d avg −0.002%
=Funding pays, the price is against you. BloFin is 0.058% cheaper against Binance than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of −0.002%). If the spread goes back, that is −$6 on $10k: about 35 hours of funding at the current rate (+$4 a day). The two prices were read 111 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 | Binance XAUTUSDT | 4,319.2 | 0.0100 | pay 0.0050% / 4h | 3h 15m | $36.2M | $48.9M | 75x |
| Short | BloFin XAUT-USDT | 4,316.6 | 0.0232 | get 0.0116% / 4h | 3h 15m | $2.3M | $833K | 75x |
Binance XAUTUSDT
BloFin XAUT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $27.8
- Price spread: −0.060% → −0.002%
- −$5.81
- Slippage, 4 orders
- −$0.49
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$0.49
- Costs to cover
- 0.225%
- Break-even
- 7.1 days
Slippage from Binance: live order book, 12 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 Binance live order book, 12 min ago | 0.01 bp | 5.0 bp −$5 | 6.9 bp −$69 | 22.4 bp −$2,239 | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.12 bp | 6.1 bp −$6 | 6.9 bp −$69 | 11.0 bp −$1,096 | doesn't fit |
XAUT on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps XAUTUSD | −0.0219% | 1h | 4,313.4 | −0.134% | $55K | $11K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0114% | 4h | 4,318.5 | −0.015% | $27.2M | $22.2M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,321.3 | +0.049% | $130.5M | $10.0M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.709% | $8K | $149K | 30x | as long as short |
| MEXC XAUT_USDT | +0.0046% | 4h | 4,319.1 | −0.002% | $371.4M | $294.1M | 1000x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,321.4 | +0.051% | $10.1M | $2.1M | 25x | as long as short |
| Variational Omni XAUT | +0.0069% | 4h | 4,320.8 | +0.038% | $33.0M | $3.6M | — | as long as short |
| Bybit XAUTUSDT | +0.0069% | 4h | 4,319.2 | 0.000% | $118.7M | $33.7M | 75x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,320.5 | +0.029% | $4.2M | $965K | 10x | as long as short |
| Binance XAUTUSDTlong | +0.0100% | 4h | 4,319.2 | long leg | $36.2M | $48.9M | 75x |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
MEXC XAUT_USDT
SoDEX XAUT-USD
Variational Omni XAUT
Bybit XAUTUSDT
Nado XAUT-PERPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,322.7 | +0.081% | $12.3M | $3.5M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,319.4 | +0.005% | — | $20.1M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,312.4 | −0.158% | $841 | $108K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,319.6 | +0.009% | $265 | $17K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,326 | +0.157% | $2K | $3.0M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,321.1 | +0.045% | $1.8M | $201K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,318.3 | −0.020% | $274K | $206K | 25x | as long as short |
| BloFin XAUT-USDTshort | +0.0232% | 4h | 4,316.6 | −0.060% | $2.3M | $833K | 75x | |
| Kraken Futures PF_XAUTUSD | +0.0289% | 1h | 4,323.9 | +0.108% | $5.8M | $5.6M | 50x | as long as short |
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
Kraken Futures PF_XAUTUSD