INIT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0036%/8h= +4.0% APRnext payment +$0.18 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against BingX+0.110%96s7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as 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−$1211.206% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.110%, 7d avg +0.069%

Together, before fees−0.062%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.041% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.069%. 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 INIT-USDT	0.08169	0.0100	pay 0.0050% / 4h	2h 23m	—	$6.6M	—
Short	BloFin INIT-USDT	0.08178	0.0136	get 0.0068% / 4h	2h 23m	$154K	$110K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BloFinbpOrdersPrice spread, now +0.110%Rate

Funding earned: $7.63
Price spread: +0.110% → +0.069%: $4.09
Slippage, 4 orders: −$98.59
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$108.87
Costs to cover: 1.206%
Break-even: 106.9 days

Slippage from BingX: live order book, 8 min ago; BloFin: live order book, 57 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, 8 min ago	6.13 bp	35.0 bp −$35	84.3 bp −$843	534.0 bp −$53.4K	810.3 bp −$405.1K
Sell BloFin live order book, 57 min ago	7.30 bp	25.9 bp −$26	71.3 bp −$713	doesn't fit	doesn't fit

INIT on 13 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
Hyperliquid INIT	+0.0100%	1h	0.08171	+0.021%	$297K	$234K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08173	+0.046%	$27K	$36K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08174	+0.061%	$3.4M	$3.6M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08173	+0.049%	$1.4M	$1.4M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08158	−0.135%	$132K	$629K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08169	0.000%	$83K	$56K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08173	+0.049%	$444K	$216K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	0.08181	+0.147%	$325K	$55K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	0.08169	0.000%	$426K	$311K	25x	as long as short
BingX INIT-USDTlong	+0.0100%	4h	0.08169	long leg	—	$6.6M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni INIT	+0.0100%	4h	0.08159	−0.126%	$26K	$23K	—	as long as short
BloFin INIT-USDTshort	+0.0136%	4h	0.08178	+0.110%	$154K	$110K	25x
Kraken Futures PF_INITUSD	+0.0535%	1h	0.08174	+0.060%	$6K	$17K	10x	as long as short