Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.06 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against Binance−0.154%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1281.283% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 3 days (all we have)+0.304%+$30 · spread now −0.154%, 7d avg +0.021%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.175% cheaper against Binance than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance AXLUSDT | 0.05204 | 0.0100 | pay 0.0050% / 4h | 1h 05m | $1.8M | $4.1M | 50x |
| Short | BloFin AXL-USDT | 0.05196 | 0.0089 | get 0.0044% / 4h | 1h 05m | $121K | $12K | 50x |
Binance AXLUSDT
BloFin AXL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$2.32
- Price spread: −0.154% → +0.021%
- −$17.5
- Slippage, 4 orders
- −$106.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$148.08
- Costs to cover
- 1.283%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; BloFin: live order book, 68 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 Binance live order book, 2 min ago | 1.92 bp | 22.5 bp −$22 | 132.6 bp −$1,326 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 68 min ago | 1.92 bp | 35.8 bp −$36 | 90.6 bp −$906 | doesn't fit | doesn't fit |
AXL on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX AXL-USDT | +0.0070% | 4h | 0.05206 | +0.038% | — | $2.3M | — | as long as short |
| BloFin AXL-USDTshort | +0.0089% | 4h | 0.05196 | −0.154% | $121K | $12K | 50x | |
| Aster AXLUSDT | +0.0100% | 4h | 0.05203 | −0.026% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDTlong | +0.0100% | 4h | 0.05204 | long leg | $1.8M | $4.1M | 50x | |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05207 | +0.058% | $1.4M | $1.9M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05203 | −0.019% | $347K | $162K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05204 | 0.000% | $436K | $93K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05206 | +0.038% | $573K | $302K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05209 | +0.092% | $6K | $24K | — | as long as short |
BingX AXL-USDT
Aster AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL