Funding you earn now, next payment 04:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.12 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against Binance+0.126%51s7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$153as 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−$1521.520% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.126%, 7d avg −0.008%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.134% dearer against Binance than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.008%. The two prices were read 51 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 MUSDT | 1.4327 | 0.0601 | pay 0.0300% / 4h | 20m 27s | $5.6M | $3.8M | 10x |
| Short | BloFin M-USDT | 1.4345 | 0.0625 | get 0.0313% / 4h | 20m 27s | $358K | $446K | 10x |
Binance MUSDT
BloFin M-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
- $5.21
- Price spread: +0.126% → −0.008%
- $13.38
- Slippage, 4 orders
- −$129.98
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$133.4
- Costs to cover
- 1.520%
- Break-even
- 186.3 days
Slippage from Binance: live order book, 3 min ago; BloFin: 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 Binance live order book, 3 min ago | 1.75 bp | 38.8 bp −$39 | 382.9 bp −$3,829 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 15 min ago | 3.14 bp | 36.0 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
M 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDT | +0.0100% | 4h | 1.4331 | +0.028% | $4.5M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4316 | −0.077% | $1.9M | $918K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4316 | −0.077% | $1.9M | $249K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4322 | −0.032% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4327 | 0.000% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4339 | +0.084% | $2K | $765K | 20x | as long as short |
| Aster MUSDT | +0.0457% | 4h | 1.4336 | +0.060% | $15K | $87K | 5x | as long as short |
| BingX M-USDT | +0.0590% | 4h | 1.4334 | +0.049% | — | $2.4M | — | as long as short |
| Binance MUSDTlong | +0.0601% | 4h | 1.4327 | long leg | $5.6M | $3.8M | 10x | |
| MEXC M_USDT | +0.0610% | 4h | 1.4328 | +0.007% | $238K | $107K | 50x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BingX M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDTshort | +0.0625% | 4h | 1.4345 | +0.126% | $358K | $446K | 10x | |
| KuCoin MUSDTM | +0.1820% | 4h | 1.4200 | −0.887% | $1.4M | $3.9M | 10x | as long as short |
KuCoin MUSDTM