Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.12 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Binance+0.044%91s7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as 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−$860.856% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 3 days (all we have)+0.032%+$3 · spread now +0.044%, 7d avg −0.021%
=The price spread pays, funding is against you. BloFin is 0.065% dearer against Binance than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.021%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 19 days. At the pace of the last 7 days (−0.011% in total) that is about 40 days. The two prices were read 91 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 | Binance DYDXUSDT | 0.1385 | 0.0100 | pay 0.0100% / 8h | 7h 27m | $5.2M | $8.3M | 75x |
| Short | BloFin DYDX-USDT | 0.1386 | 0.0088 | get 0.0088% / 8h | 7h 27m | $298K | $11K | 75x |
Binance DYDXUSDT
BloFin DYDX-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
- −$2.43
- Price spread: +0.044% → −0.021%
- $6.49
- Slippage, 4 orders
- −$63.56
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$81.5
- Costs to cover
- 0.856%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; BloFin: live order book, 39 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, 12 min ago | 3.62 bp | 20.3 bp −$20 | 78.1 bp −$781 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 39 min ago | 3.61 bp | 29.6 bp −$30 | 61.3 bp −$613 | 282.7 bp −$28.3K | doesn't fit |
DYDX on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DYDX/USDC PERP | −0.0214% | 1h | 0.1386 | +0.044% | $6K | $52K | 12x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | 0.0000% | 1h | 0.1386 | +0.044% | — | — | 25x | as long as short |
| BloFin DYDX-USDTshort | +0.0088% | 8h | 0.1386 | +0.044% | $298K | $11K | 75x | |
| Kraken Futures PF_DYDXUSD | +0.0096% | 1h | 0.1387 | +0.086% | $312K | $333K | 20x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1385 | −0.014% | $62K | $48K | 5x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1387 | +0.101% | $2.1M | $734K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1386 | +0.008% | $6K | $12K | 5x | as long as short |
| Binance DYDXUSDTlong | +0.0100% | 8h | 0.1385 | long leg | $5.2M | $8.3M | 75x | |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1384 | −0.108% | $4.6M | $2.3M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1385 | −0.043% | $2.2M | $3.4M | 20x | as long as short |
Injective DYDX/USDC PERP
Deribit DYDX_USDC-PERPETUAL
Kraken Futures PF_DYDXUSD
Lighter DYDX
Hyperliquid DYDX
Aster DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus DYDX-USD | +0.0100% | 1h | 0.1387 | +0.116% | $54K | $20K | 5x | as long as short |
| Gate DYDX_USDT | +0.0100% | 8h | 0.1385 | −0.057% | $385K | $458K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1385 | −0.028% | $3.1M | $917K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1386 | +0.044% | $2.4M | $3.9M | 50x | as long as short |
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1385 | −0.028% | $1.4M | $1.1M | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1385 | −0.028% | — | $3.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1385 | −0.010% | $3K | $108K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1386 | +0.008% | $50K | — | 3x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1384 | −0.074% | $939 | — | 100x | as long as short |
| Coinbase International DYDX-PERP-INTX | +0.0648% | 1h | 0.1390 | +0.332% | $16K | $29K | 50x | as long as short |
| dYdX DYDX-USD | +0.2410% | 1h | 0.1385 | −0.008% | $79K | $2K | 5x | as long as short |
Arcus DYDX-USD
Gate DYDX_USDT
MEXC DYDX_USDT
KuCoin DYDXUSDTM
Bitget DYDXUSDT
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
GMX DYDX/USD [WBTC.b-USDC]
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD