IO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0006%/8h= +0.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.001%

Price spread now: BloFin against Binance+0.133%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 3 days (all we have)−0.196%−$20 · spread now +0.133%, 7d avg +0.020%

Together, before fees−0.203%−$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.113% dearer against Binance than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IOUSDT	0.1507	0.0100	pay 0.0050% / 4h	2h 00m	$3.0M	$6.4M	50x
Short	BloFin IO-USDT	0.1509	0.0106	get 0.0053% / 4h	2h 00m	$193K	$30K	50x

Funding 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 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 BinancebpFee BloFinbpOrdersPrice spread, now +0.133%Rate

Funding earned: $1.23
Price spread: +0.133% → +0.020%: $11.26
Slippage, 4 orders: −$47.72
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$57.23
Costs to cover: 0.697%
Break-even: 332.8 days

Slippage from Binance: live order book, 8 min ago; BloFin: live order book, 14 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, 8 min ago	3.31 bp	17.4 bp −$17	82.7 bp −$827	6859.8 bp −$686.0K	doesn't fit
Sell BloFin live order book, 14 min ago	6.61 bp	16.4 bp −$16	53.4 bp −$534	516.2 bp −$51.6K	doesn't fit

IO on 14 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 IO/USDC PERP	−0.0157%	1h	0.1516	+0.597%	$2K	$103	5.5x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1507	+0.033%	$1.0M	$389K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1508	+0.036%	$6K	$32K	5x	as long as short
Binance IOUSDTlong	+0.0100%	4h	0.1507	long leg	$3.0M	$6.4M	50x
Bybit IOUSDT	+0.0100%	4h	0.1504	−0.173%	$1.1M	$867K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1508	+0.066%	$231K	$542K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1506	−0.066%	$1.1M	$240K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1507	0.000%	$401K	$655K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1507	0.000%	$1.3M	$1.2M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1508	+0.066%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1505	−0.137%	$30K	$5K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1507	−0.011%	$5K	$171K	5x	as long as short
BloFin IO-USDTshort	+0.0106%	4h	0.1509	+0.133%	$193K	$30K	50x
Kraken Futures PF_IOUSD	+0.5450%	1h	0.1509	+0.106%	$39K	$21K	10x	as long as short