Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.010%
Price spread now: BloFin against BingX+0.130%96s7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as 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−$1271.267% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)+0.415%+$41 · spread now +0.130%, 7d avg +0.032%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.098% dearer against BingX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.032%. The two prices were read 96 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 GWEI-USDT | 0.02304 | 0.0276 | pay 0.0138% / 4h | 1h 07m | — | $1.6M | — |
| Short | BloFin GWEI-USDT | 0.02307 | 0.0306 | get 0.0153% / 4h | 1h 07m | $172K | $31K | 50x |
BingX GWEI-USDT
BloFin GWEI-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
- $6.25
- Price spread: +0.130% → +0.032%
- $9.79
- Slippage, 4 orders
- −$104.69
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$110.65
- Costs to cover
- 1.267%
- Break-even
- 131.0 days
Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 30 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, 5 min ago | 6.49 bp | 31.3 bp −$31 | 113.9 bp −$1,139 | 1027.1 bp −$102.7K | 1363.7 bp −$681.8K |
| Sell BloFin live order book, 30 min ago | 4.34 bp | 32.0 bp −$32 | 116.1 bp −$1,161 | doesn't fit | doesn't fit |
GWEI 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GWEIUSDTM | +0.0100% | 4h | 0.02305 | +0.061% | $453K | $23K | 20x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02312 | +0.328% | $4K | $55 | — | as long as short |
| Bybit GWEIUSDT | +0.0221% | 4h | 0.02306 | +0.087% | $385K | $137K | 25x | as long as short |
| Bitget GWEIUSDT | +0.0236% | 4h | 0.02301 | −0.130% | $1.9M | $229K | 20x | as long as short |
| Binance GWEIUSDT | +0.0241% | 4h | 0.02304 | −0.018% | $2.3M | $2.7M | 50x | as long as short |
| Extended GWEI-USD | +0.0248% | 1h | 0.02304 | −0.020% | $6K | $128K | 5x | as long as short |
| MEXC GWEI_USDT | +0.0250% | 4h | 0.02304 | 0.000% | $107K | $87K | 20x | as long as short |
| BingX GWEI-USDTlong | +0.0276% | 4h | 0.02304 | long leg | — | $1.6M | — | |
| BloFin GWEI-USDTshort | +0.0306% | 4h | 0.02307 | +0.130% | $172K | $31K | 50x | |
| Gate GWEI_USDT | +0.1046% | 4h | 0.02304 | +0.017% | $388K | $427K | 10x | as long as short |
KuCoin GWEIUSDTM
Variational Omni GWEI
Bybit GWEIUSDT
Bitget GWEIUSDT
Binance GWEIUSDT
Extended GWEI-USD
MEXC GWEI_USDT
Gate GWEI_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1419% | 4h | 0.02305 | +0.062% | $19K | $18K | 10x | as long as short |
Aster GWEIUSDT