Funding you earn now, next payment 16:00 UTC−0.0115%/8h= −12.6% APRnext payment −$1.15 per $10,000 · paid last 24h −0.033%
Price spread now: Binance against BloFin−0.031%91s7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as 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−$310.308% of the position
Funding, last 7 days−0.234%−$23 on $10k
+Price spread, last 4 days (all we have)+0.325%+$33 · spread now −0.031%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.027% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.004%). Swap the legs. The two prices were read 91 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 COIN-USDT | 195.40 | 0.0150 | pay 0.0150% / 8h | 7h 35m | $187K | $473K | 20x |
| Short | Binance COINUSDT | 195.34 | 0.0035 | get 0.0035% / 8h | 7h 35m | $14.8M | $81.6M | 20x |
BloFin COIN-USDT
Binance COINUSDTFunding 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
- −$24.18
- Price spread: −0.031% → −0.004%
- −$2.71
- Slippage, 4 orders
- −$8.8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$57.69
- Costs to cover
- 0.308%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 40 min ago; Binance: live order book, 7 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, 40 min ago | 0.51 bp | 8.8 bp −$9 | 16.5 bp −$165 | 41.0 bp −$4,103 | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.51 bp | 6.9 bp −$7 | 14.4 bp −$144 | 51.4 bp −$5,142 | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 194.87 | −0.271% | $43K | $40K | 30x | as long as short |
| Bitget COINUSDT | −0.0120% | 8h | 195.44 | +0.020% | $6.3M | $10.3M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0060% | 1h | 194.77 | −0.322% | — | $324K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.51 | +0.054% | $341K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.33 | −0.036% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.31 | −0.046% | $3.0M | $4.6M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.41 | +0.005% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.35 | −0.024% | $658K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.57 | +0.087% | $19K | $3.0M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 195.28 | −0.060% | $359K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Lighter COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH COIN | +0.0032% | 1h | 195.31 | −0.046% | $467K | $1.3M | 10x | as long as short |
| Binance COINUSDTshort | +0.0035% | 8h | 195.34 | −0.031% | $14.8M | $81.6M | 20x | |
| Extended COIN_24_5-USD | +0.0040% | 1h | 195.32 | −0.043% | $104K | $860K | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.52 | +0.061% | $17K | $57K | 5x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 195.38 | −0.010% | $1.3M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.13 | −0.138% | $15.1M | $12.7M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.15 | −0.128% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.36 | −0.020% | $75 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.25 | −0.077% | $430K | $2.5M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.27 | −0.067% | $983K | $183K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.45 | +0.026% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.30 | −0.051% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.32 | −0.040% | $115 | — | 10x | as long as short |
| BloFin COIN-USDTlong | +0.0150% | 8h | 195.40 | long leg | $187K | $473K | 20x | |
| Phoenix COIN | +0.0164% | 1h | 195.41 | +0.005% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0462% | 4h | 195.55 | +0.076% | $50K | $294K | 10x | as long as short |
Lighter RH COIN
Extended COIN_24_5-USD
Arcus COIN-USD
QFEX COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC