Funding you earn now, next payment 08:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.29 per $10,000 · paid last 24h −0.013%
Price spread now: Binance against BloFin−0.036%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$250.255% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 2 days (all we have)+0.042%+$4 · spread now −0.036%, 7d avg +0.002%
=Funding pays, the price is against you. Binance is 0.038% cheaper against BloFin than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.002%). If the spread goes back, that is −$4 on $10k: about 4.3 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.100%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin AAPL-USDT | 338.81 | 0.0052 | pay 0.0052% / 8h | 7h 06m | $345K | $169K | 20x |
| Short | Binance AAPLUSDT | 338.69 | 0.0081 | get 0.0081% / 8h | 7h 06m | $22.2M | $66.8M | 25x |
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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $6.13
- Price spread: −0.036% → +0.002%
- −$3.79
- Slippage, 4 orders
- −$3.45
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$23.11
- Costs to cover
- 0.255%
- Break-even
- 33.4 days
Slippage from BloFin: live order book, 63 min ago; Binance: live order book, 6 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, 63 min ago | 0.29 bp | 6.3 bp −$6 | 7.7 bp −$77 | 21.4 bp −$2,139 | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.15 bp | 5.7 bp −$6 | 7.6 bp −$76 | 27.6 bp −$2,765 | doesn't fit |
AAPL on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AAPL_USDC-PERPETUAL | −0.0429% | 1h | 338.35 | −0.136% | $28K | $67K | 10x | as long as short |
| edgeX AAPLUSDC | −0.0234% | 4h | 338.58 | −0.068% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0030% | 1h | 338.60 | −0.062% | $554K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.71 | −0.030% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.72 | −0.027% | $6.0M | $39.4M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.71 | −0.030% | $6.4M | $6.6M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.45 | −0.106% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 338.75 | −0.018% | $6.2M | $3.4M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.66 | −0.045% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.64 | −0.050% | $711 | $4.7M | 20x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX AAPL-USDT | 0.0000% | 8h | 338.72 | −0.027% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.60 | −0.062% | $2.1M | $6K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.55 | −0.078% | $765K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.62 | −0.056% | $956K | $3.6M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.49 | −0.094% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 338.63 | −0.053% | $40.8M | $75.8M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.36 | −0.133% | $263K | $394K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.62 | −0.056% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.38 | −0.127% | $1.4M | $2.4M | 20x | as long as short |
| BloFin AAPL-USDTlong | +0.0052% | 8h | 338.81 | long leg | $345K | $169K | 20x | |
| QFEX AAPL-USD | +0.0059% | 1h | 338.60 | −0.062% | $3.3M | $5.0M | 10x | as long as short |
| Variational Omni AAPL | +0.0060% | 8h | 338.62 | −0.058% | $2.4M | $1.4M | — | as long as short |
| Extended AAPL_24_5-USD | +0.0080% | 1h | 338.61 | −0.060% | $284K | $2.0M | 10x | as long as short |
| Binance AAPLUSDTshort | +0.0081% | 8h | 338.69 | −0.036% | $22.2M | $66.8M | 25x | |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.63 | −0.053% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.53 | −0.083% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.54 | −0.080% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.57 | −0.071% | $10K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0128% | 1h | 338.61 | −0.059% | $36K | — | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 338.51 | −0.089% | $655K | $668K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.52 | −0.086% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0330% | 1h | 338.76 | −0.015% | $5K | $11K | 20x | as long as short |
| Arcus AAPL-USD | +0.0406% | 1h | 338.57 | −0.071% | $269K | $70K | 20x | as long as short |
BloFin AAPL-USDT
Binance AAPLUSDT
Deribit AAPL_USDC-PERPETUAL
edgeX AAPLUSDC
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter AAPL
Lighter RH AAPL
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Variational Omni AAPL
Extended AAPL_24_5-USD
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL