NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.20 per $10,000 · paid last 24h −0.002%

Price spread now: BingX against BloFin−0.177%426s7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as 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−$680.681% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 3 days (all we have)+0.097%+$10 · spread now −0.177%, 7d avg −0.024%

Together, before fees+0.129%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.154% cheaper against BloFin than usual: you would sell low and buy high (spread −0.177% now, against its 7-day average of −0.024%). If the spread goes back, that is −$15 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.033% in total) that is about 33 days. The two prices were read 426 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 NOT-USDT	0.0005072	0.0060	pay 0.0030% / 4h	2h 42m	$112K	$17K	50x
Short	BingX NOT-USDT	0.0005063	0.0100	get 0.0050% / 4h	2h 42m	—	$8.9M	—

Funding 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 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 BloFinbpFee BingXbpOrdersPrice spread, now −0.177%Rate

Funding earned: $8.44
Price spread: −0.177% → −0.024%: −$15.36
Slippage, 4 orders: −$46.12
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$75.04
Costs to cover: 0.681%
Break-even: 69.3 days

Slippage from BloFin: live order book, 8 min ago; BingX: live order book, 1 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, 8 min ago	6.90 bp	16.9 bp −$17	42.8 bp −$428	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	2.96 bp	18.1 bp −$18	53.4 bp −$534	594.8 bp −$59.5K	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0237%	4h	0.0005060	−0.232%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.904%	$1K	$13K	5.5x	as long as short
Bybit NOTUSDT	+0.0051%	4h	0.0005055	−0.335%	$2.1M	$870K	25x	as long as short
BloFin NOT-USDTlong	+0.0060%	4h	0.0005072	long leg	$112K	$17K	50x
KuCoin NOTUSDTM	+0.0094%	4h	0.0005065	−0.138%	$464K	$134K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005067	−0.095%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005060	−0.237%	$369K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005071	−0.018%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005060	−0.237%	$2.1M	$3.2M	50x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005062	−0.197%	$630K	$652K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005068	−0.079%	$143K	$81K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005059	−0.256%	$1.3M	$471K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005064	−0.158%	$668K	$405K	50x	as long as short
BingX NOT-USDTshort	+0.0100%	4h	0.0005063	−0.177%	—	$8.9M	—
Extended kNOT-USD	+0.0104%	1h	0.0005055	−0.336%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSD	+0.0203%	1h	0.0005073	+0.022%	$49K	$10K	10x	as long as short