Funding you earn now, next payment 08:00 UTC−0.0159%/8h= −17.4% APRnext payment −$0.79 per $10,000 · paid last 24h −0.100%
Price spread now: BloFin against BingX−0.556%96s7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$229as 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−$1831.827% of the position
Funding, last 7 days−0.466%−$47 on $10k
+Price spread, last 4 days (all we have)+0.375%+$38 · spread now −0.556%, 7d avg −0.048%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.508% cheaper against BingX than usual: you would sell low and buy high (−$51 if the spread goes back to its 7-day average of −0.048%). 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 ARX-USDT | 0.2157 | 0.0204 | pay 0.0102% / 4h | 1h 03m | — | $1.7M | — |
| Short | BloFin ARX-USDT | 0.2145 | 0.0045 | get 0.0023% / 4h | 1h 03m | $246K | $44K | 20x |
BingX ARX-USDT
BloFin ARX-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
- −$33.3
- Price spread: −0.556% → −0.048%
- −$50.81
- Slippage, 4 orders
- −$160.7
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$266.81
- Costs to cover
- 1.827%
- Break-even
- never at this rate
Slippage from BingX: live order book, 13 min ago; BloFin: live order book, 8 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, 13 min ago | 9.29 bp | 36.9 bp −$37 | 170.0 bp −$1,700 | 1027.2 bp −$102.7K | 1331.5 bp −$665.8K |
| Sell BloFin live order book, 8 min ago | 9.34 bp | 59.5 bp −$60 | 241.4 bp −$2,414 | doesn't fit | doesn't fit |
ARX on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ARX-USDTshort | +0.0045% | 4h | 0.2145 | −0.556% | $246K | $44K | 20x | |
| Bybit ARXUSDT | +0.0100% | 4h | 0.2158 | +0.046% | $4.3M | $2.8M | 20x | as long as short |
| OKX ARX-USDT-SWAP | +0.0100% | 4h | 0.2155 | −0.093% | $754K | $3.7M | 20x | as long as short |
| Gate ARX_USDT | +0.0100% | 4h | 0.2159 | +0.093% | $1.1M | $466K | 20x | as long as short |
| KuCoin ARXUSDTM | +0.0100% | 4h | 0.2147 | −0.454% | $754K | $891K | 20x | as long as short |
| Bitget ARXUSDT | +0.0100% | 4h | 0.2155 | −0.102% | $2.1M | $1.9M | 20x | as long as short |
| MEXC ARX_USDT | +0.0200% | 4h | 0.2155 | −0.093% | $893K | $458K | 20x | as long as short |
| BingX ARX-USDTlong | +0.0204% | 4h | 0.2157 | long leg | — | $1.7M | — | |
| Binance ARXUSDT | +0.0218% | 4h | 0.2158 | +0.068% | $5.7M | $12.3M | 20x | as long as short |
| Aster ARXUSDT | +0.0497% | 4h | 0.2148 | −0.412% | $82K | $110K | 10x | as long as short |
Bybit ARXUSDT
OKX ARX-USDT-SWAP
Gate ARX_USDT
KuCoin ARXUSDTM
Bitget ARXUSDT
MEXC ARX_USDT
Binance ARXUSDT
Aster ARXUSDT