XNY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against BloFin−0.116%61s7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as 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−$1661.663% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.116%, 7d avg −0.026%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.090% cheaper against BloFin than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.026%). If the spread goes back, that is −$9 on $10k: about 6.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.002% in total) that is about 14 months. The two prices were read 61 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 XNY-USDT	0.006323	0.1250	pay 0.0625% / 4h	2h 56m	$174K	$6K	10x
Short	Binance XNYUSDT	0.006316	0.1296	get 0.0648% / 4h	2h 56m	$3.7M	$1.0M	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BinancebpOrdersPrice spread, now −0.116%Rate

Funding earned: $9.58
Price spread: −0.116% → −0.026%: −$9.04
Slippage, 4 orders: −$144.3
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$165.75
Costs to cover: 1.663%
Break-even: 128.1 days

Slippage from BloFin: live order book, 25 min ago; Binance: live order book, 10 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, 25 min ago	6.35 bp	33.1 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	2.38 bp	49.7 bp −$50	425.7 bp −$4,257	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	0.006318	−0.079%	$297K	$17K	10x	as long as short
Variational Omni XNY	+0.0100%	4h	0.006296	−0.429%	$53K	$1K	—	as long as short
Gate XNY_USDT	+0.0230%	4h	0.006335	+0.190%	$212K	$16K	10x	as long as short
Bybit XNYUSDT	+0.0494%	4h	0.006309	−0.221%	$441K	$33K	5x	as long as short
Aster XNYUSDT	+0.1145%	4h	0.006291	−0.499%	$6K	$4K	5x	as long as short
BingX XNY-USDT	+0.1244%	4h	0.006316	−0.111%	—	$1.3M	—	as long as short
BloFin XNY-USDTlong	+0.1250%	4h	0.006323	long leg	$174K	$6K	10x
MEXC XNY_USDT	+0.1290%	4h	0.006315	−0.127%	$177K	$94K	100x	as long as short
Binance XNYUSDTshort	+0.1296%	4h	0.006316	−0.116%	$3.7M	$1.0M	10x