M

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0551%/8h= −60.3% APRnext payment −$2.75 per $10,000 · paid last 24h −0.033%

Price spread now: BloFin against BingX+0.142%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1261.264% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.142%, 7d avg −0.017%

Together, before fees+0.121%+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.159% dearer against BingX than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of −0.017%): +$16 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 23 hours. Mind the row above: over the last 7 days funding on this pair paid +0.072%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.75 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX M-USDT	1.3345	0.1038	pay 0.0519% / 4h	2h 54m	—	$2.4M	—
Short	BloFin M-USDT	1.3364	0.0487	get 0.0244% / 4h	2h 54m	$342K	$452K	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BloFinbpOrdersPrice spread, now +0.142%Rate

Funding earned: −$115.62
Price spread: +0.142% → −0.017%: $15.9
Slippage, 4 orders: −$104.41
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$226.13
Costs to cover: 1.264%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; BloFin: 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 BingX live order book, 4 min ago	11.90 bp	26.4 bp −$26	78.7 bp −$787	doesn't fit	doesn't fit
Sell BloFin live order book, 16 min ago	14.80 bp	36.4 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
Gate M_USDT	+0.0100%	8h	1.3350	+0.037%	$1.8M	$885K	10x	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.3474	+0.967%	$2K	$510	10x	as long as short
SunX M-USDT	+0.0100%	4h	1.3429	+0.629%	$2K	$906K	20x	as long as short
Aster MUSDT	+0.0190%	4h	1.3360	+0.109%	$12K	$83K	5x	as long as short
Bybit MUSDT	+0.0371%	4h	1.3372	+0.202%	$4.2M	$1.7M	20x	as long as short
MEXC M_USDT	+0.0454%	4h	1.3377	+0.240%	$243K	$111K	50x	as long as short
Binance MUSDT	+0.0454%	4h	1.3352	+0.053%	$5.3M	$3.8M	10x	as long as short
BloFin M-USDTshort	+0.0487%	4h	1.3364	+0.142%	$342K	$452K	10x
Variational Omni M	+0.0899%	4h	1.3467	+0.913%	$90K	$19K	—	as long as short
BingX M-USDTlong	+0.1038%	4h	1.3345	long leg	—	$2.4M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MUSDT	+0.1052%	4h	1.3347	+0.015%	$1.7M	$254K	10x	as long as short
KuCoin MUSDTM	+0.1908%	4h	1.3251	−0.705%	$1.3M	$3.6M	10x	as long as short