Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.0% APRnext payment −$0.14 per $10,000 · paid last 24h +0.008%
Price spread now: Binance against BloFin−0.379%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$850.848% of the position
Funding, last 7 days−0.148%−$15 on $10k
+Price spread, last 4 days (all we have)+0.413%+$41 · spread now −0.379%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.362% cheaper against BloFin than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin AIXBT-USDT | 0.02346 | 0.0128 | pay 0.0064% / 4h | 1h 46m | $125K | $97K | 50x |
| Short | Binance AIXBTUSDT | 0.02337 | 0.0100 | get 0.0050% / 4h | 1h 46m | $2.5M | $4.0M | 50x |
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
- −$5.82
- Price spread: −0.379% → −0.017%
- −$36.19
- Slippage, 4 orders
- −$62.83
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$126.85
- Costs to cover
- 0.848%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 25 min ago; Binance: live order book, 5 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 | 6.48 bp | 15.9 bp −$16 | 54.8 bp −$548 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 2.14 bp | 27.2 bp −$27 | 120.9 bp −$1,209 | 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 | −0.2970% | 1h | 0.02337 | −0.375% | $19K | $5K | 10x | as long as short |
| Variational Omni AIXBT | −0.0014% | 4h | 0.02333 | −0.571% | $101K | $11K | — | as long as short |
| Hyperliquid AIXBT | +0.0100% | 1h | 0.02340 | −0.269% | $398K | $212K | 3x | as long as short |
| Binance AIXBTUSDTshort | +0.0100% | 4h | 0.02337 | −0.379% | $2.5M | $4.0M | 50x | |
| Bybit AIXBTUSDT | +0.0100% | 4h | 0.02334 | −0.516% | $1.2M | $1.2M | 25x | as long as short |
| OKX AIXBT-USDT-SWAP | +0.0100% | 4h | 0.02338 | −0.341% | $483K | $1.9M | 20x | as long as short |
| Gate AIXBT_USDT | +0.0100% | 4h | 0.02346 | 0.000% | $208K | $123K | 25x | as long as short |
| MEXC AIXBT_USDT | +0.0100% | 4h | 0.02342 | −0.171% | $686K | $261K | 100x | as long as short |
| KuCoin AIXBTUSDTM | +0.0100% | 4h | 0.02342 | −0.171% | $1.2M | $1.5M | 30x | as long as short |
| Bitget AIXBTUSDT | +0.0100% | 4h | 0.02339 | −0.298% | $656K | $611K | 20x | as long as short |
Show all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AIXBT-USDT | +0.0100% | 4h | 0.02342 | −0.171% | — | $6.6M | — | as long as short |
| BloFin AIXBT-USDTlong | +0.0128% | 4h | 0.02346 | long leg | $125K | $97K | 50x | |
| GMX AIXBT/USD [ETH-USDC] | L +0.0249% / S −0.0698% | 1h | 0.02341 | −0.217% | $3K | — | 100x | as long as short |
| Reya AIXBTRUSDPERP | +0.0372% | 1h | 0.02337 | −0.399% | — | — | — | as long as short |
BloFin AIXBT-USDT
Binance AIXBTUSDT
Kraken Futures PF_AIXBTUSD
Variational Omni AIXBT
Hyperliquid AIXBT
Bybit AIXBTUSDT
OKX AIXBT-USDT-SWAP
Gate AIXBT_USDT
MEXC AIXBT_USDT
KuCoin AIXBTUSDTM
Bitget AIXBTUSDT
BingX AIXBT-USDT
GMX AIXBT/USD [ETH-USDC]