Funding you earn now, next payment 04:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.26 per $10,000 · paid last 24h +0.004%
Price spread now: Binance against BloFin−0.560%281s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as 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−$1461.458% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)+0.496%+$50 · spread now −0.560%, 7d avg +0.002%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.562% cheaper against BloFin than usual: you would sell low and buy high (−$56 if the spread goes back to its 7-day average of +0.002%). Swap the legs. The two prices were read 281 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 M-USDT | 1.4412 | 0.1756 | pay 0.0878% / 4h | 2h 44m | $359K | $427K | 10x |
| Short | Binance MUSDT | 1.4331 | 0.1705 | get 0.0852% / 4h | 2h 44m | $5.5M | $3.7M | 10x |
BloFin M-USDT
Binance MUSDTFunding 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
- −$10.72
- Price spread: −0.560% → +0.002%
- −$56.25
- Slippage, 4 orders
- −$123.84
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$212.81
- Costs to cover
- 1.458%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 21 min ago; Binance: live order book, 9 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, 21 min ago | 14.22 bp | 36.0 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 2.42 bp | 33.5 bp −$34 | 299.5 bp −$2,995 | 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 | 1.4354 | −0.402% | $4.5M | $1.9M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4289 | −0.853% | $1.9M | $869K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4230 | −1.264% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4282 | −0.902% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4304 | −0.749% | $2K | $677K | 20x | as long as short |
| Bitget MUSDT | +0.0178% | 4h | 1.4340 | −0.500% | $1.9M | $241K | 10x | as long as short |
| Aster MUSDT | +0.1325% | 4h | 1.4290 | −0.848% | $14K | $92K | 5x | as long as short |
| BingX M-USDT | +0.1664% | 4h | 1.4327 | −0.590% | — | $2.4M | — | as long as short |
| Binance MUSDTshort | +0.1705% | 4h | 1.4331 | −0.560% | $5.5M | $3.7M | 10x | |
| MEXC M_USDT | +0.1720% | 4h | 1.4295 | −0.812% | $240K | $106K | 50x | as long as short |
Bybit MUSDT
Gate M_USDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Bitget MUSDT
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-USDTlong | +0.1756% | 4h | 1.4412 | long leg | $359K | $427K | 10x | |
| KuCoin MUSDTM | +0.3582% | 4h | 1.4183 | −1.590% | $1.4M | $4.0M | 10x | as long as short |
KuCoin MUSDTM