Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.035%
Price spread now: BloFin against BingX−0.091%66s7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as 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−$660.659% of the position
Funding, last 7 days+0.189%+$19 on $10k
+Price spread, last 3 days (all we have)+0.043%+$4 · spread now −0.091%, 7d avg −0.028%
=Funding pays, the price is against you. BloFin is 0.062% cheaper against BingX than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of −0.028%). If the spread goes back, that is −$6 on $10k: about 42 hours of funding at the current rate (+$4 a day). The two prices were read 66 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 | BingX LUNC-USDT | 0.00005521 | 0.0100 | pay 0.0100% / 8h | 2h 00m | — | $2.1M | — |
| Short | BloFin 1000LUNC-USDT | 0.00005516 | 0.0220 | get 0.0220% / 8h | 2h 00m | $390K | $37K | 75x |
BingX LUNC-USDT
BloFin 1000LUNC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- $25.2
- Price spread: −0.091% → −0.028%
- −$6.24
- Slippage, 4 orders
- −$43.92
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$46.96
- Costs to cover
- 0.659%
- Break-even
- 20.0 days
Slippage from BingX: live order book, 3 min ago; BloFin: live order book, 20 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 BingX live order book, 3 min ago | 1.81 bp | 13.9 bp −$14 | 41.0 bp −$410 | 408.6 bp −$40.9K | 829.2 bp −$414.6K |
| Sell BloFin live order book, 20 min ago | 1.80 bp | 16.0 bp −$16 | 46.2 bp −$462 | doesn't fit | doesn't fit |
LUNC on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kLUNC | +0.0100% | 1h | 0.00005525 | +0.080% | $287K | $125K | 3x | as long as short |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005518 | −0.053% | $48K | $16K | 10x | as long as short |
| Binance 1000LUNCUSDT | +0.0100% | 8h | 0.00005518 | −0.059% | $4.1M | $8.4M | 75x | as long as short |
| Bybit 1000LUNCUSDT | +0.0100% | 8h | 0.00005522 | +0.018% | $2.0M | $746K | 25x | as long as short |
| Gate LUNC_USDT | +0.0100% | 8h | 0.00005523 | +0.036% | $395K | $284K | 75x | as long as short |
| MEXC LUNC_USDT | +0.0100% | 8h | 0.00005518 | −0.054% | $17.0M | $1.6M | 200x | as long as short |
| Bitget LUNCUSDT | +0.0100% | 8h | 0.00005513 | −0.145% | $1.1M | $623K | 25x | as long as short |
| BingX LUNC-USDTlong | +0.0100% | 8h | 0.00005521 | long leg | — | $2.1M | — | |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005519 | −0.030% | $2K | — | 10x | as long as short |
| BloFin 1000LUNC-USDTshort | +0.0220% | 8h | 0.00005516 | −0.091% | $390K | $37K | 75x |
Hyperliquid kLUNC
Aster 1000LUNCUSDT
Binance 1000LUNCUSDT
Bybit 1000LUNCUSDT
Gate LUNC_USDT
MEXC LUNC_USDT
Bitget LUNCUSDT
Extended kLUNC-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LUNCUSDTM | +0.1378% | 8h | 0.00005525 | +0.065% | $1.8M | $817K | 50x | as long as short |
KuCoin LUNCUSDTM