Funding you earn now, next payment 12:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.16 per $10,000 · paid last 24h −0.009%
Price spread now: BloFin against Binance+0.215%51s7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as 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−$890.889% of the position
Funding, last 7 days+0.149%+$15 on $10k
+Price spread, last 4 days (all we have)−0.246%−$25 · spread now +0.215%, 7d avg +0.017%
=The price spread pays, funding is against you. BloFin is 0.198% dearer against Binance than usual: you sell high and buy low (spread +0.215% now, against its 7-day average of +0.017%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 days. Mind the row above: over the last 7 days funding on this pair paid +0.149%, so the current rate has only just turned against you. 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 | Binance AIXBTUSDT | 0.02296 | 0.0100 | pay 0.0050% / 4h | 3h 42m | $2.5M | $4.4M | 50x |
| Short | BloFin AIXBT-USDT | 0.02301 | 0.0067 | get 0.0034% / 4h | 3h 42m | $121K | $90K | 50x |
Binance AIXBTUSDT
BloFin AIXBT-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
- −$6.85
- Price spread: +0.215% → +0.017%
- $19.76
- Slippage, 4 orders
- −$66.87
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$75.96
- Costs to cover
- 0.889%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; BloFin: live order book, 13 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, 9 min ago | 2.18 bp | 19.8 bp −$20 | 119.9 bp −$1,199 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 13 min ago | 2.18 bp | 28.7 bp −$29 | 70.5 bp −$705 | doesn't fit | doesn't fit |
AIXBT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AIXBTUSD | −0.2438% | 1h | 0.02292 | −0.156% | $19K | $5K | 10x | as long as short |
| BloFin AIXBT-USDTshort | +0.0067% | 4h | 0.02301 | +0.215% | $121K | $90K | 50x | |
| Variational Omni AIXBT | +0.0100% | 4h | 0.02298 | +0.089% | $99K | $12K | — | as long as short |
| Hyperliquid AIXBT | +0.0100% | 1h | 0.02300 | +0.167% | $406K | $233K | 3x | as long as short |
| Binance AIXBTUSDTlong | +0.0100% | 4h | 0.02296 | long leg | $2.5M | $4.4M | 50x | |
| Bybit AIXBTUSDT | +0.0100% | 4h | 0.02293 | −0.120% | $1.2M | $1.3M | 25x | as long as short |
| OKX AIXBT-USDT-SWAP | +0.0100% | 4h | 0.02296 | −0.003% | $460K | $1.9M | 20x | as long as short |
| Gate AIXBT_USDT | +0.0100% | 4h | 0.02298 | +0.084% | $214K | $140K | 25x | as long as short |
| MEXC AIXBT_USDT | +0.0100% | 4h | 0.02296 | −0.003% | $705K | $283K | 100x | as long as short |
| KuCoin AIXBTUSDTM | +0.0100% | 4h | 0.02294 | −0.090% | $1.1M | $1.5M | 30x | as long as short |
Kraken Futures PF_AIXBTUSD
Variational Omni AIXBT
Hyperliquid AIXBT
Bybit AIXBTUSDT
OKX AIXBT-USDT-SWAP
Gate AIXBT_USDT
MEXC AIXBT_USDT
KuCoin AIXBTUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AIXBTUSDT | +0.0100% | 4h | 0.02300 | +0.171% | $657K | $644K | 20x | as long as short |
| BingX AIXBT-USDT | +0.0100% | 4h | 0.02296 | −0.003% | — | $6.6M | — | as long as short |
| GMX AIXBT/USD [ETH-USDC] | L +0.0247% / S −0.0698% | 1h | 0.02297 | +0.028% | $3K | — | 100x | as long as short |
| Reya AIXBTRUSDPERP | +0.0372% | 1h | 0.02297 | +0.025% | — | — | — | as long as short |
Bitget AIXBTUSDT
BingX AIXBT-USDT
GMX AIXBT/USD [ETH-USDC]
Reya AIXBTRUSDPERP