Funding you earn now, next payment 08:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.10 per $10,000 · paid last 24h +0.008%
Price spread now: Binance against BloFin−0.131%61s7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as 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−$610.614% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.215%+$21 · spread now −0.131%, 7d avg +0.037%
=Funding pays, the price is against you. Binance is 0.167% cheaper against BloFin than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of +0.037%). If the spread goes back, that is −$17 on $10k: about 27 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.019% in total) that is about 2 months. The two prices were read 61 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 LUNA2-USDT | 0.05351 | 0.0152 | pay 0.0076% / 4h | 1h 54m | $275K | $28K | 50x |
| Short | Binance LUNA2USDT | 0.05344 | 0.0173 | get 0.0087% / 4h | 1h 54m | $2.9M | $13.8M | 50x |
BloFin LUNA2-USDT
Binance LUNA2USDTFunding 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
- $4.35
- Price spread: −0.131% → +0.037%
- −$16.74
- Slippage, 4 orders
- −$39.41
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$73.8
- Costs to cover
- 0.614%
- Break-even
- 125.7 days
Slippage from BloFin: live order book, 13 min ago; Binance: live order book, 16 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, 13 min ago | 0.93 bp | 16.3 bp −$16 | 38.0 bp −$380 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.93 bp | 16.5 bp −$16 | 52.5 bp −$525 | doesn't fit | doesn't fit |
LUNA2 on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster LUNA2USDT | +0.0100% | 4h | 0.05343 | −0.146% | $13K | $55K | 5x | as long as short |
| Bybit LUNA2USDT | +0.0100% | 8h | 0.05342 | −0.168% | $1.1M | $1.5M | 50x | as long as short |
| Variational Omni LUNA2 | +0.0100% | 8h | 0.05348 | −0.064% | $17K | $3K | — | as long as short |
| BloFin LUNA2-USDTlong | +0.0152% | 4h | 0.05351 | long leg | $275K | $28K | 50x | |
| Binance LUNA2USDTshort | +0.0173% | 4h | 0.05344 | −0.131% | $2.9M | $13.8M | 50x | |
| Kraken Futures PF_LUNA2USD | +0.0914% | 1h | 0.05347 | −0.067% | $13K | $7K | 10x | as long as short |
Aster LUNA2USDT
Bybit LUNA2USDT
Variational Omni LUNA2
Kraken Futures PF_LUNA2USD