Funding you earn now, next payment 08:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.74 per $10,000 · paid last 24h +0.064%
Price spread now: BloFin against BingX−0.071%66s7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as 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−$740.740% of the position
Funding, last 7 days+0.558%+$56 on $10k
+Price spread, last 4 days (all we have)−0.085%−$9 · spread now −0.071%, 7d avg −0.030%
=Funding pays, the price is against you. BloFin is 0.041% cheaper against BingX than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of −0.030%). If the spread goes back, that is −$4 on $10k: about 22 hours of funding at the current rate (+$4 a day). 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 | BingX ETHFI-USDC | 0.7050 | 0.0100 | pay 0.0050% / 4h | 3h 28m | — | $1.2M | — |
| Short | BloFin ETHFI-USDT | 0.7045 | 0.0248 | get 0.0124% / 4h | 3h 28m | $1.2M | $242K | 75x |
BingX ETHFI-USDC
BloFin ETHFI-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
- $30.98
- Price spread: −0.071% → −0.030%
- −$4.13
- Slippage, 4 orders
- −$52.03
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$47.17
- Costs to cover
- 0.740%
- Break-even
- 17.7 days
Slippage from BingX: live order book, 2 min ago; BloFin: live order book, 4 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, 2 min ago | 1.42 bp | 20.5 bp −$21 | 86.6 bp −$866 | 541.5 bp −$54.2K | 718.5 bp −$359.2K |
| Sell BloFin live order book, 4 min ago | 0.71 bp | 12.6 bp −$13 | 31.3 bp −$313 | 92.1 bp −$9,212 | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0733% | 4h | 0.7046 | −0.057% | $82K | $194K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0317% | 1h | 0.7049 | −0.014% | $40K | $11K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0304% | 1h | 0.7052 | +0.024% | $261K | $213K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0242% | 4h | 0.7045 | −0.071% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0048% | 4h | 0.7047 | −0.043% | $17.6M | $12.5M | 25x | as long as short |
| Variational Omni ETHFI | +0.0032% | 4h | 0.7059 | +0.131% | $985K | $703K | — | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.695% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0060% | 4h | 0.7045 | −0.071% | $16.0M | $4.1M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0062% | 4h | 0.7046 | −0.057% | $24.5M | $35.0M | 75x | as long as short |
| Extended ETHFI-USD | +0.0064% | 1h | 0.7043 | −0.101% | $96K | $374K | 10x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Bybit ETHFIUSDT
Variational Omni ETHFI
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex ETHFI-USD-PERP | +0.0070% | 8h | 0.7043 | −0.101% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7057 | +0.106% | $1.1M | $841K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7045 | −0.071% | $8K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7052 | +0.028% | $17.5M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7052 | +0.028% | $180K | $229K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7051 | +0.014% | $5.1M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7053 | +0.043% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7046 | −0.057% | $1.2M | $227K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7048 | −0.028% | $6.1M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDClong | +0.0100% | 4h | 0.7050 | long leg | — | $1.2M | — | |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7056 | +0.084% | $65K | $125K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7052 | +0.028% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDTshort | +0.0248% | 4h | 0.7045 | −0.071% | $1.2M | $242K | 75x | |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7054 | +0.057% | $31K | $6K | 50x | as long as short |
Paradex ETHFI-USD-PERP
Lighter ETHFI
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX