Funding you earn now, next payment 00:00 UTC+0.1161%/8h= +127.2% APRnext payment +$5.81 per $10,000 · paid last 24h +0.002%
Price spread now: BingX against BloFin−0.167%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$204as in the Price arb table
costs, in and out, $10k−$1931.931% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 3 days (all we have)+0.153%+$15 · spread now −0.167%, 7d avg −0.056%
=Funding pays, the price is against you. BingX is 0.111% cheaper against BloFin than usual: you would sell low and buy high (spread −0.167% now, against its 7-day average of −0.056%). If the spread goes back, that is −$11 on $10k: about 8 hours of funding at the current rate (+$35 a day). At the pace of the last 7 days (+0.047% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.81 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ARC-USDT | 0.07806 | 0.0839 | pay 0.0419% / 4h | 2h 04m | $1.2M | $61K | 20x |
| Short | BingX ARC-USDT | 0.07793 | 0.2000 | get 0.1000% / 4h | 2h 04m | — | $1.7M | — |
BloFin ARC-USDT
BingX ARC-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
- $243.88
- Price spread: −0.167% → −0.056%
- −$11.06
- Slippage, 4 orders
- −$171.08
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $39.74
- Costs to cover
- 1.931%
- Break-even
- 5.9 days
Slippage from BloFin: live order book, 3 min ago; BingX: live order book, 12 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, 3 min ago | 0.64 bp | 36.8 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 6.36 bp | 55.1 bp −$55 | 179.2 bp −$1,792 | 621.0 bp −$62.1K | 1002.9 bp −$501.4K |
ARC on 12 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_ARCUSD | −0.0095% | 1h | 0.07770 | −0.456% | $49K | $81K | 20x | as long as short |
| Lighter ARC | +0.0096% | 1h | 0.07775 | −0.395% | $42K | $2K | 3x | as long as short |
| Gate ARC_USDT | +0.0100% | 4h | 0.07785 | −0.269% | $3.0M | $336K | 20x | as long as short |
| SunX ARC-USDT | +0.0100% | 4h | 0.07781 | −0.320% | $1K | $1.5M | 20x | as long as short |
| KuCoin ARCUSDTM | +0.0704% | 4h | 0.07811 | +0.068% | $1.3M | $1.8M | 20x | as long as short |
| Bitget ARCUSDT | +0.0790% | 4h | 0.07798 | −0.102% | $1.7M | $531K | 10x | as long as short |
| Binance ARCUSDT | +0.0830% | 4h | 0.07794 | −0.152% | $24.2M | $7.2M | 20x | as long as short |
| Extended ARC-USD | +0.0832% | 1h | 0.07789 | −0.214% | $30K | $118K | 5x | as long as short |
| BloFin ARC-USDTlong | +0.0839% | 4h | 0.07806 | long leg | $1.2M | $61K | 20x | |
| Aster ARCUSDT | +0.1411% | 4h | 0.07791 | −0.192% | $19K | $16K | 5x | as long as short |
Kraken Futures PF_ARCUSD
Lighter ARC
Gate ARC_USDT
SunX ARC-USDT
KuCoin ARCUSDTM
Bitget ARCUSDT
Binance ARCUSDT
Extended ARC-USD
Aster ARCUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ARCUSDT | +0.1891% | 4h | 0.07789 | −0.218% | $2.7M | $4.3M | 13x | as long as short |
| BingX ARC-USDTshort | +0.2000% | 4h | 0.07793 | −0.167% | — | $1.7M | — |
Bybit ARCUSDT