Funding you earn now, next payment 00:00 UTC−0.0013%/8h= −1.5% APRnext payment −$0.07 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against BingX−0.173%96s7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as 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−$750.751% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 3 days (all we have)+0.349%+$35 · spread now −0.173%, 7d avg +0.046%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.218% cheaper against BingX than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.046%). Swap the legs. The two prices were read 96 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 | BingX ALT-USDT | 0.007520 | 0.0100 | pay 0.0050% / 4h | 21m 33s | — | $1.3M | — |
| Short | BloFin ALT-USDT | 0.007507 | 0.0087 | get 0.0043% / 4h | 21m 33s | $171K | $10K | 50x |
BingX ALT-USDT
BloFin ALT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$2.81
- Price spread: −0.173% → +0.046%
- −$21.84
- Slippage, 4 orders
- −$53.1
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$99.75
- Costs to cover
- 0.751%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; BloFin: live order book, 48 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 BingX live order book, 9 min ago | 3.99 bp | 22.4 bp −$22 | 61.1 bp −$611 | 569.5 bp −$57.0K | 790.4 bp −$395.2K |
| Sell BloFin live order book, 48 min ago | 3.33 bp | 18.2 bp −$18 | 53.6 bp −$536 | doesn't fit | doesn't fit |
ALT 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALT_USDC-PERPETUAL | −0.0148% | 1h | 0.007528 | +0.106% | — | $0 | 25x | as long as short |
| Kraken Futures PF_ALTUSD | −0.0089% | 1h | 0.007530 | +0.129% | $44K | $8K | 10x | as long as short |
| Variational Omni ALT | −0.0031% | 4h | 0.007512 | −0.111% | $5K | $13K | — | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007381 | −1.848% | $815 | $4K | 5.5x | as long as short |
| BloFin ALT-USDTshort | +0.0087% | 4h | 0.007507 | −0.173% | $171K | $10K | 50x | |
| Hyperliquid ALT | +0.0100% | 1h | 0.007522 | +0.027% | $1.1M | $183K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007527 | +0.094% | $2.6M | $3.6M | 50x | as long as short |
| Bybit ALTUSDT | +0.0100% | 4h | 0.007520 | 0.000% | $1.2M | $1.6M | 25x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007516 | −0.053% | $50K | $412K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007528 | +0.106% | $401K | $185K | 50x | as long as short |
Deribit ALT_USDC-PERPETUAL
Kraken Futures PF_ALTUSD
Variational Omni ALT
Injective ALT/USDC PERP
Hyperliquid ALT
Binance ALTUSDT
Bybit ALTUSDT
Gate ALT_USDT
MEXC ALT_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007529 | +0.120% | $149K | $21K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007520 | 0.000% | $620K | $100K | 50x | as long as short |
| BingX ALT-USDTlong | +0.0100% | 4h | 0.007520 | long leg | — | $1.3M | — | |
| Coinbase International ALT-PERP-INTX | +0.0416% | 1h | 0.007548 | +0.372% | $14K | $3K | 50x | as long as short |
KuCoin ALTUSDTM
Bitget ALTUSDT
Coinbase International ALT-PERP-INTX