Funding you earn now, next payment 04:00 UTC−0.0035%/8h= −3.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.003%
Price spread now: BingX against BloFin−0.105%96s7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$128as 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−$1171.170% of the position
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.105%, 7d avg +0.009%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.113% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.009%). Swap the legs. The two prices were read 96 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 | 1.4345 | 0.0625 | pay 0.0313% / 4h | 19m 45s | $358K | $446K | 10x |
| Short | BingX M-USDT | 1.4330 | 0.0590 | get 0.0295% / 4h | 19m 45s | — | $2.4M | — |
BloFin M-USDT
BingX M-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$7.45
- Price spread: −0.105% → +0.009%
- −$11.33
- Slippage, 4 orders
- −$94.95
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$135.73
- Costs to cover
- 1.170%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 16 min ago; BingX: live order book, 14 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, 16 min ago | 3.14 bp | 39.3 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 8.42 bp | 17.5 bp −$18 | 60.2 bp −$602 | 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 | 1.4332 | −0.091% | $4.5M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4321 | −0.167% | $1.9M | $919K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4316 | −0.202% | $1.9M | $249K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4322 | −0.158% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4327 | −0.125% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4350 | +0.035% | $1K | $765K | 20x | as long as short |
| Aster MUSDT | +0.0457% | 4h | 1.4336 | −0.062% | $15K | $87K | 5x | as long as short |
| BingX M-USDTshort | +0.0590% | 4h | 1.4330 | −0.105% | — | $2.4M | — | |
| MEXC M_USDT | +0.0600% | 4h | 1.4329 | −0.112% | $238K | $107K | 50x | as long as short |
| Binance MUSDT | +0.0601% | 4h | 1.4330 | −0.104% | $5.6M | $3.8M | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
MEXC M_USDT
Binance MUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDTlong | +0.0625% | 4h | 1.4345 | long leg | $358K | $446K | 10x | |
| KuCoin MUSDTM | +0.1812% | 4h | 1.4188 | −1.092% | $1.4M | $3.9M | 10x | as long as short |
KuCoin MUSDTM