Funding you earn now, next payment 08:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.70 per $10,000 · paid last 24h −0.021%
Price spread now: BloFin against BingX+0.016%51s7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as 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−$1561.562% of the position
Funding, last 7 days+0.276%+$28 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.016%, 7d avg +0.044%
=Funding pays, the price is against you. BloFin is 0.028% cheaper against BingX than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.044%). If the spread goes back, that is −$3 on $10k: about 16 hours of funding at the current rate (+$4 a day). 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 XNY-USDT | 0.006363 | 0.1760 | pay 0.0880% / 4h | 2h 18m | — | $1.3M | — |
| Short | BloFin XNY-USDT | 0.006364 | 0.1900 | get 0.0950% / 4h | 2h 18m | $226K | $6K | 10x |
BingX XNY-USDT
BloFin XNY-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
- $29.35
- Price spread: +0.016% → +0.044%
- −$2.81
- Slippage, 4 orders
- −$134.17
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$129.63
- Costs to cover
- 1.562%
- Break-even
- 37.9 days
Slippage from BingX: live order book, 10 min ago; BloFin: live order book, 63 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, 10 min ago | 7.88 bp | 36.2 bp −$36 | 277.3 bp −$2,773 | 1233.6 bp −$123.4K | doesn't fit |
| Sell BloFin live order book, 63 min ago | 6.35 bp | 39.7 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
XNY on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XNYUSDTM | +0.0100% | 4h | 0.006343 | −0.314% | $303K | $17K | 10x | as long as short |
| Variational Omni XNY | +0.0100% | 4h | 0.006328 | −0.552% | $53K | $1K | — | as long as short |
| Bybit XNYUSDT | +0.0430% | 4h | 0.006356 | −0.110% | $443K | $34K | 5x | as long as short |
| Gate XNY_USDT | +0.0824% | 4h | 0.006385 | +0.346% | $213K | $16K | 10x | as long as short |
| Aster XNYUSDT | +0.1713% | 4h | 0.006332 | −0.487% | $6K | $5K | 5x | as long as short |
| BingX XNY-USDTlong | +0.1760% | 4h | 0.006363 | long leg | — | $1.3M | — | |
| MEXC XNY_USDT | +0.1876% | 4h | 0.006365 | +0.031% | $178K | $97K | 100x | as long as short |
| BloFin XNY-USDTshort | +0.1900% | 4h | 0.006364 | +0.016% | $226K | $6K | 10x | |
| Binance XNYUSDT | +0.1915% | 4h | 0.006365 | +0.031% | $3.7M | $1.1M | 10x | as long as short |
KuCoin XNYUSDTM
Variational Omni XNY
Bybit XNYUSDT
Gate XNY_USDT
Aster XNYUSDT
MEXC XNY_USDT
Binance XNYUSDT