Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.28 per $10,000 · paid last 24h +0.005%
Price spread now: BingX against BloFin−0.161%81s7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as 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−$830.835% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 3 days (all we have)+0.130%+$13 · spread now −0.161%, 7d avg −0.035%
=Funding pays, the price is against you. BingX is 0.126% cheaper against BloFin than usual: you would sell low and buy high (spread −0.161% now, against its 7-day average of −0.035%). If the spread goes back, that is −$13 on $10k: about 15 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.002% in total) that is about 12 months. The two prices were read 81 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 ARKM-USDT | 0.1246 | 0.0072 | pay 0.0072% / 8h | 1h 07m | $141K | $71K | 50x |
| Short | BingX ARKM-USDT | 0.1244 | 0.0100 | get 0.0100% / 8h | 1h 07m | — | $2.4M | — |
BloFin ARKM-USDT
BingX ARKM-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
- $5.81
- Price spread: −0.161% → −0.035%
- −$12.55
- Slippage, 4 orders
- −$61.5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$90.24
- Costs to cover
- 0.835%
- Break-even
- 115.7 days
Slippage from BloFin: live order book, 65 min ago; BingX: live order book, 6 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, 65 min ago | 11.99 bp | 18.0 bp −$18 | 53.9 bp −$539 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 8.06 bp | 27.3 bp −$27 | 67.3 bp −$673 | 318.4 bp −$31.8K | 432.0 bp −$216.0K |
ARKM on 13 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_ARKMUSD | −0.1580% | 1h | 0.1242 | −0.320% | $21K | $1K | 10x | as long as short |
| dYdX ARKM-USD | 0.0000% | 1h | 0.1244 | −0.133% | $6K | — | 5x | as long as short |
| BloFin ARKM-USDTlong | +0.0072% | 8h | 0.1246 | long leg | $141K | $71K | 50x | |
| Aster ARKMUSDT | +0.0100% | 8h | 0.1245 | −0.090% | $12K | $10K | 5x | as long as short |
| Binance ARKMUSDT | +0.0100% | 8h | 0.1244 | −0.161% | $2.6M | $9.5M | 50x | as long as short |
| Bybit ARKMUSDT | +0.0100% | 8h | 0.1244 | −0.185% | $2.3M | $2.2M | 50x | as long as short |
| OKX ARKM-USDT-SWAP | +0.0100% | 8h | 0.1244 | −0.193% | $769K | $2.3M | 20x | as long as short |
| Gate ARKM_USDT | +0.0100% | 8h | 0.1243 | −0.241% | $245K | $230K | 50x | as long as short |
| MEXC ARKM_USDT | +0.0100% | 8h | 0.1244 | −0.161% | $3.1M | $1.1M | 200x | as long as short |
| KuCoin ARKMUSDTM | +0.0100% | 8h | 0.1243 | −0.225% | $513K | $78K | 30x | as long as short |
Kraken Futures PF_ARKMUSD
dYdX ARKM-USD
Aster ARKMUSDT
Binance ARKMUSDT
Bybit ARKMUSDT
OKX ARKM-USDT-SWAP
Gate ARKM_USDT
MEXC ARKM_USDT
KuCoin ARKMUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ARKMUSDT | +0.0100% | 8h | 0.1244 | −0.161% | $1.4M | $1.1M | 50x | as long as short |
| BingX ARKM-USDTshort | +0.0100% | 8h | 0.1244 | −0.161% | — | $2.4M | — | |
| Variational Omni ARKM | +0.0100% | 8h | 0.1243 | −0.210% | $9K | $18K | — | as long as short |
Bitget ARKMUSDT
Variational Omni ARKM