Funding you earn now, next payment 04:00 UTC−0.0349%/8h= −38.2% APRnext payment −$1.74 per $10,000 · paid last 24h −0.014%
Price spread now: BloFin against BingX+0.343%66s7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as 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−$1621.622% of the position
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 3 days (all we have)−1.078%−$108 · spread now +0.343%, 7d avg +0.061%
=The price spread pays, funding is against you. BloFin is 0.281% dearer against BingX than usual: you sell high and buy low (spread +0.343% now, against its 7-day average of +0.061%): +$28 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 7 days (−0.035% in total) that is about 56 days. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.035% in total (about -1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.74 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 | BingX B-USDT | 0.2043 | 0.1070 | pay 0.0535% / 4h | 2h 48m | — | $1.3M | — |
| Short | BloFin B-USDT | 0.2050 | 0.0721 | get 0.0361% / 4h | 2h 48m | $609K | $39K | 20x |
BingX B-USDT
BloFin B-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
- −$73.19
- Price spread: +0.343% → +0.061%
- $28.14
- Slippage, 4 orders
- −$140.18
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$207.22
- Costs to cover
- 1.622%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; BloFin: live order book, 18 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, 12 min ago | 31.70 bp | 52.5 bp −$53 | 201.5 bp −$2,015 | 874.4 bp −$87.4K | doesn't fit |
| Sell BloFin live order book, 18 min ago | 2.43 bp | 19.7 bp −$20 | 75.7 bp −$757 | doesn't fit | doesn't fit |
B on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate B_USDT | +0.0126% | 4h | 0.2045 | +0.098% | $3.5M | $620K | 20x | as long as short |
| KuCoin BUSDTM | +0.0688% | 4h | 0.2045 | +0.088% | $1.9M | $71K | 10x | as long as short |
| BloFin B-USDTshort | +0.0721% | 4h | 0.2050 | +0.343% | $609K | $39K | 20x | |
| Extended B-USD | +0.0760% | 1h | 0.2044 | +0.072% | $15K | $222K | 5x | as long as short |
| Binance BUSDT | +0.0763% | 4h | 0.2045 | +0.094% | $11.8M | $2.0M | 20x | as long as short |
| MEXC B_USDT | +0.0768% | 4h | 0.2044 | +0.049% | $990K | $356K | 100x | as long as short |
| edgeX BUSDC | +0.0787% | 4h | 0.2047 | +0.195% | $3K | $390K | 5x | as long as short |
| Bybit BUSDT | +0.0863% | 4h | 0.2044 | +0.044% | $1.7M | $959K | 13x | as long as short |
| BingX B-USDTlong | +0.1070% | 4h | 0.2043 | long leg | — | $1.3M | — | |
| Bitget BUSDT | +0.1098% | 4h | 0.2044 | +0.049% | $2.8M | $252K | 10x | as long as short |
Gate B_USDT
KuCoin BUSDTM
Extended B-USD
Binance BUSDT
MEXC B_USDT
edgeX BUSDC
Bybit BUSDT
Bitget BUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BUSDT | +0.1497% | 4h | 0.2047 | +0.172% | $1.9M | $213K | 5x | as long as short |
Aster BUSDT