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: BingX against BloFin−0.066%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$820.819% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 3 days (all we have)+0.137%+$14 · spread now −0.066%, 7d avg −0.045%

Together, before fees+0.215%+$22 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: BingX is 0.021% cheaper against BloFin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IO-USDT	0.1509	0.0106	pay 0.0053% / 4h	2h 00m	$193K	$30K	50x
Short	BingX IO-USDT	0.1508	0.0100	get 0.0050% / 4h	2h 00m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$1.23
Price spread: −0.066% → −0.045%: −$2.12
Slippage, 4 orders: −$59.86
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$85.21
Costs to cover: 0.819%
Break-even: never at this rate

Slippage from BloFin: live order book, 14 min ago; BingX: live order book, 15 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, 14 min ago	6.61 bp	14.7 bp −$15	46.6 bp −$466	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	9.92 bp	25.6 bp −$26	61.0 bp −$610	454.0 bp −$45.4K	597.0 bp −$298.5K

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	+0.464%	$2K	$103	5.5x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1507	−0.126%	$1.0M	$389K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1508	−0.095%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1508	−0.066%	$3.0M	$6.4M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1504	−0.305%	$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	−0.199%	$1.1M	$240K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1507	−0.133%	$401K	$655K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1507	−0.133%	$1.3M	$1.2M	50x	as long as short
BingX IO-USDTshort	+0.0100%	4h	0.1508	−0.066%	—	$1.3M	—

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	−0.270%	$30K	$5K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1507	−0.144%	$5K	$171K	5x	as long as short
BloFin IO-USDTlong	+0.0106%	4h	0.1509	long leg	$193K	$30K	50x
Kraken Futures PF_IOUSD	+0.5450%	1h	0.1509	−0.027%	$39K	$21K	10x	as long as short