Funding you earn now, next payment 04:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.30 per $10,000 · paid last 24h +0.003%
Price spread now: BingX against BloFin+0.171%96s7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as 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−$890.886% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.530%−$53 · spread now +0.171%, 7d avg −0.043%
=The price spread pays, funding is against you. BingX is 0.214% dearer against BloFin than usual: you sell high and buy low (spread +0.171% now, against its 7-day average of −0.043%): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days. 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 | BloFin ALT-USDT | 0.007614 | 0.0160 | pay 0.0080% / 4h | 17m 31s | $174K | $10K | 50x |
| Short | BingX ALT-USDT | 0.007627 | 0.0100 | get 0.0050% / 4h | 17m 31s | — | $1.3M | — |
BloFin ALT-USDT
BingX ALT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$12.58
- Price spread: +0.171% → −0.043%
- $21.35
- Slippage, 4 orders
- −$66.57
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$79.8
- Costs to cover
- 0.886%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 12 min ago; BingX: 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 BloFin live order book, 12 min ago | 2.63 bp | 22.5 bp −$22 | 67.9 bp −$679 | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 5.27 bp | 27.2 bp −$27 | 71.9 bp −$719 | 510.4 bp −$51.0K | 801.3 bp −$400.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALT | +0.0100% | 1h | 0.007629 | +0.197% | $1.1M | $187K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007634 | +0.263% | $2.7M | $3.8M | 50x | as long as short |
| Bybit ALTUSDT | +0.0100% | 4h | 0.007629 | +0.197% | $1.2M | $1.8M | 25x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007624 | +0.131% | $52K | $415K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007638 | +0.315% | $387K | $187K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007624 | +0.131% | $152K | $21K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007625 | +0.144% | $599K | $113K | 50x | as long as short |
| BingX ALT-USDTshort | +0.0100% | 4h | 0.007627 | +0.171% | — | $1.3M | — | |
| Variational Omni ALT | +0.0100% | 4h | 0.007596 | −0.242% | $4K | $16K | — | as long as short |
| BloFin ALT-USDTlong | +0.0160% | 4h | 0.007614 | long leg | $174K | $10K | 50x |
Hyperliquid ALT
Binance ALTUSDT
Bybit ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDT
Variational Omni ALTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALTUSD | +0.0314% | 1h | 0.007618 | +0.056% | $45K | $8K | 10x | as long as short |
| Deribit ALT_USDC-PERPETUAL | +0.0407% | 1h | 0.007621 | +0.092% | — | $0 | 25x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0456% | 1h | 0.007621 | +0.092% | $14K | $3K | 50x | as long as short |
| Injective ALT/USDC PERP | +0.5000% | 1h | 0.007691 | +1.011% | $837 | $4K | 5.5x | as long as short |
Kraken Futures PF_ALTUSD
Deribit ALT_USDC-PERPETUAL
Coinbase International ALT-PERP-INTX
Injective ALT/USDC PERP