Funding you earn now, next payment 00:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.27 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Binance−0.197%71s7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as 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−$660.656% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 3 days (all we have)+0.208%+$21 · spread now −0.197%, 7d avg +0.021%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.219% cheaper against Binance than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.021%). Swap the legs. The two prices were read 71 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 | Binance IOTAUSDT | 0.04857 | 0.0100 | pay 0.0100% / 8h | 43m 59s | $3.5M | $5.7M | 75x |
| Short | BloFin IOTA-USDT | 0.04847 | 0.0073 | get 0.0073% / 8h | 43m 59s | $169K | $37K | 75x |
Binance IOTAUSDT
BloFin IOTA-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.76
- Price spread: −0.197% → +0.021%
- −$21.86
- Slippage, 4 orders
- −$43.58
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$93.2
- Costs to cover
- 0.656%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; BloFin: live order book, 18 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, 9 min ago | 2.06 bp | 15.7 bp −$16 | 58.7 bp −$587 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 18 min ago | 2.07 bp | 19.1 bp −$19 | 41.1 bp −$411 | doesn't fit | doesn't fit |
IOTA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IOTAUSD | −0.0808% | 1h | 0.04851 | −0.107% | $18K | $16K | 10x | as long as short |
| BloFin IOTA-USDTshort | +0.0073% | 8h | 0.04847 | −0.197% | $169K | $37K | 75x | |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04858 | +0.031% | $843K | $242K | 3x | as long as short |
| Binance IOTAUSDTlong | +0.0100% | 8h | 0.04857 | long leg | $3.5M | $5.7M | 75x | |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04852 | −0.094% | $2.2M | $1.3M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04852 | −0.094% | $563K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04854 | −0.053% | $890K | $176K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04856 | −0.012% | $606K | $181K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04856 | −0.012% | $1.8M | $691K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04858 | +0.029% | — | $2.3M | — | as long as short |
Kraken Futures PF_IOTAUSD
Hyperliquid IOTA
Bybit IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni IOTA | +0.0100% | 8h | 0.04850 | −0.127% | $38K | $36K | — | as long as short |
| KuCoin IOTAUSDTM | +0.0658% | 8h | 0.04857 | +0.009% | $2.8M | $235K | 30x | as long as short |
Variational Omni IOTA
KuCoin IOTAUSDTM