Funding you earn now, next payment 04:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.28 per $10,000 · paid last 24h −0.001%
Price spread now: Binance against BloFin−0.064%111s7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as 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−$730.731% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.317%−$32 · spread now −0.064%, 7d avg −0.005%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.058% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.005%). Swap the legs. The two prices were read 111 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 ESP-USDT | 0.09393 | 0.0155 | pay 0.0078% / 4h | 23m 22s | $123K | $33K | 25x |
| Short | Binance ESPUSDT | 0.09387 | 0.0100 | get 0.0050% / 4h | 23m 22s | $2.4M | $4.1M | 25x |
BloFin ESP-USDT
Binance ESPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$11.58
- Price spread: −0.064% → −0.005%
- −$5.84
- Slippage, 4 orders
- −$51.1
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$90.52
- Costs to cover
- 0.731%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Binance: live order book, 13 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, 5 min ago | 1.07 bp | 15.4 bp −$15 | 45.0 bp −$450 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.54 bp | 22.6 bp −$23 | 71.7 bp −$717 | doesn't fit | doesn't fit |
ESP 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX ESP-USDT | +0.0036% | 4h | 0.09386 | −0.075% | — | $1.7M | — | as long as short |
| Aster ESPUSDT | +0.0100% | 4h | 0.09389 | −0.047% | $6K | $18K | 5x | as long as short |
| Binance ESPUSDTshort | +0.0100% | 4h | 0.09387 | −0.064% | $2.4M | $4.1M | 25x | |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09391 | −0.021% | $597K | $1.1M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09395 | +0.021% | $174K | $603K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09387 | −0.064% | $1.3M | $120K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09390 | −0.032% | $1.5M | $45K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09394 | +0.011% | $944K | $136K | 20x | as long as short |
| edgeX ESPUSDC | +0.0113% | 4h | 0.09391 | −0.024% | $29K | $266K | 10x | as long as short |
| BloFin ESP-USDTlong | +0.0155% | 4h | 0.09393 | long leg | $123K | $33K | 25x |
BingX ESP-USDT
Aster ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDT | +0.0204% | 4h | 0.09378 | −0.160% | $1.1M | $616K | 50x | as long as short |
Bybit ESPUSDT