Funding you earn now, next payment 12:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.27 per $10,000 · paid last 24h +0.004%
Price spread now: Binance against BloFin−0.410%101s7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as 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−$580.583% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.410%, 7d avg +0.010%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.419% cheaper against BloFin than usual: you would sell low and buy high (−$42 if the spread goes back to its 7-day average of +0.010%). Swap the legs. The two prices were read 101 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 | BloFin LA-USDT | 0.07436 | 0.0119 | pay 0.0060% / 4h | 1h 51m | $247K | $21K | 25x |
| Short | Binance LAUSDT | 0.07406 | 0.0066 | get 0.0033% / 4h | 1h 51m | $4.7M | $8.0M | 25x |
BloFin LA-USDT
Binance LAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$11.26
- Price spread: −0.410% → +0.010%
- −$41.95
- Slippage, 4 orders
- −$36.35
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$111.56
- Costs to cover
- 0.583%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 54 min ago; Binance: live order book, 11 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, 54 min ago | 2.00 bp | 15.4 bp −$15 | 37.0 bp −$370 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 1.34 bp | 13.3 bp −$13 | 42.3 bp −$423 | doesn't fit | doesn't fit |
LA on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LA_USDT | −0.0650% | 4h | 0.07410 | −0.350% | $220K | $780K | 50x | as long as short |
| KuCoin LAUSDTM | −0.0632% | 4h | 0.07405 | −0.417% | $1.0M | $68K | 30x | as long as short |
| Aster LAUSDT | +0.0001% | 4h | 0.07404 | −0.427% | $51K | $22K | 5x | as long as short |
| BingX LA-USDT | +0.0036% | 4h | 0.07408 | −0.377% | — | $6.5M | — | as long as short |
| Bitget LAUSDT | +0.0054% | 4h | 0.07401 | −0.471% | $2.0M | $360K | 25x | as long as short |
| MEXC LA_USDT | +0.0064% | 4h | 0.07406 | −0.403% | $364K | $123K | 50x | as long as short |
| Binance LAUSDTshort | +0.0066% | 4h | 0.07406 | −0.410% | $4.7M | $8.0M | 25x | |
| OKX LA-USDT-SWAP | +0.0081% | 4h | 0.07417 | −0.256% | $1.4M | $2.4M | 20x | as long as short |
| Bybit LAUSDT | +0.0100% | 4h | 0.07412 | −0.323% | $2.4M | $2.1M | 25x | as long as short |
| GRVT LA_USDT_Perp | +0.0100% | 4h | 0.07410 | −0.350% | $150K | $416K | 10x | as long as short |
Gate LA_USDT
KuCoin LAUSDTM
Aster LAUSDT
BingX LA-USDT
Bitget LAUSDT
MEXC LA_USDT
OKX LA-USDT-SWAP
Bybit LAUSDT
GRVT LA_USDT_PerpShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin LA-USDTlong | +0.0119% | 4h | 0.07436 | long leg | $247K | $21K | 25x |