Funding you earn now, next payment 00:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.09 per $10,000 · paid last 24h −0.011%
Price spread now: BingX against BloFin+0.192%66s7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as 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−$1261.260% of the position
Funding, last 7 days+0.452%+$45 on $10k
+Price spread, last 3 days (all we have)−0.279%−$28 · spread now +0.192%, 7d avg +0.012%
=The price spread pays, funding is against you. BingX is 0.181% dearer against BloFin than usual: you sell high and buy low (spread +0.192% now, against its 7-day average of +0.012%): +$18 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 32 days. Mind the row above: over the last 7 days funding on this pair paid +0.452%, so the current rate has only just turned against you. The two prices were read 66 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 AXL-USDT | 0.05196 | 0.0089 | pay 0.0044% / 4h | 1h 04m | $121K | $12K | 50x |
| Short | BingX AXL-USDT | 0.05206 | 0.0070 | get 0.0035% / 4h | 1h 04m | — | $2.3M | — |
BloFin AXL-USDT
BingX AXL-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
- −$3.98
- Price spread: +0.192% → +0.012%
- $18.08
- Slippage, 4 orders
- −$104.03
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$111.94
- Costs to cover
- 1.260%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 68 min ago; BingX: live order book, 9 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, 68 min ago | 1.92 bp | 32.8 bp −$33 | 88.8 bp −$888 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 4.81 bp | 30.5 bp −$30 | 129.6 bp −$1,296 | 563.1 bp −$56.3K | 745.6 bp −$372.8K |
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-USDTshort | +0.0070% | 4h | 0.05206 | +0.192% | — | $2.3M | — | |
| BloFin AXL-USDTlong | +0.0089% | 4h | 0.05196 | long leg | $121K | $12K | 50x | |
| Aster AXLUSDT | +0.0100% | 4h | 0.05203 | +0.138% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05205 | +0.173% | $1.8M | $4.1M | 50x | as long as short |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05207 | +0.212% | $1.4M | $1.9M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05205 | +0.173% | $348K | $162K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05205 | +0.173% | $436K | $93K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05207 | +0.212% | $573K | $302K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05209 | +0.246% | $6K | $24K | — | as long as short |
Aster AXLUSDT
Binance AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL