Funding you earn now, next payment 02:00 UTC−0.1440%/8h= −157.7% APRnext payment −$1.80 per $10,000 · paid last 24h +0.070%
Price spread now: BloFin against BingX+0.461%96s7-day average −0.315% · you sell dearer than you buy
Net, funding: paid 7d − costs−$441as 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−$630.631% of the position
Funding, last 7 days−3.782%−$378 on $10k
+Price spread, last 3 days (all we have)−1.118%−$112 · spread now +0.461%, 7d avg −0.315%
=The price spread pays, funding is against you. BloFin is 0.776% dearer against BingX than usual: you sell high and buy low (spread +0.461% now, against its 7-day average of −0.315%): +$78 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 43 hours. 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 | BingX ONE-USDT | 0.004600 | −0.0056 | get 0.0007% / 1h | 47m 34s | — | $6.5M | — |
| Short | BloFin ONE-USDT | 0.004621 | −0.1496 | pay 0.0187% / 1h | 47m 34s | $866K | $3.3M | 50x |
BingX ONE-USDT
BloFin ONE-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$302.5
- Price spread: +0.461% → −0.315%
- $77.62
- Slippage, 4 orders
- −$41.14
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$288.02
- Costs to cover
- 0.631%
- Break-even
- from the start
Slippage from BingX: live order book, 4 min ago; BloFin: live order book, 6 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 | 3.69 bp | 9.5 bp −$9 | 37.8 bp −$378 | 431.4 bp −$43.1K | doesn't fit |
| Sell BloFin live order book, 6 min ago | 2.19 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
ONE on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ONE-USDT-SWAP | −5.8603% | 1h | 0.005242 | +13.955% | $6.1M | $273.9M | 10x | as long as short |
| Gate ONE_USDT | −0.1896% | 8h | 0.004575 | −0.539% | $1.9M | $16.3M | 20x | as long as short |
| BloFin ONE-USDTshort | −0.1496% | 1h | 0.004621 | +0.461% | $866K | $3.3M | 50x | |
| Aster ONEUSDT | −0.1422% | 1h | 0.004590 | −0.217% | $2.4M | $6.3M | 5x | as long as short |
| Bitget ONEUSDT | −0.1272% | 1h | 0.004625 | +0.537% | $2.0M | $35.6M | 20x | as long as short |
| MEXC ONE_USDT | −0.0488% | 1h | 0.004601 | +0.028% | $12.3M | $16.4M | 20x | as long as short |
| Binance ONEUSDT | −0.0448% | 1h | 0.004571 | −0.616% | $15.7M | $355.4M | 50x | as long as short |
| Variational Omni ONE | −0.0206% | 1h | 0.004610 | +0.221% | $112K | $55K | — | as long as short |
| BingX ONE-USDTlong | −0.0056% | 1h | 0.004600 | long leg | — | $6.5M | — | |
| KuCoin ONEUSDTM | +0.6496% | 1h | 0.004873 | +5.939% | $5.0M | $13.1M | 30x | as long as short |
OKX ONE-USDT-SWAP
Gate ONE_USDT
Aster ONEUSDT
Bitget ONEUSDT
MEXC ONE_USDT
Binance ONEUSDT
Variational Omni ONE
KuCoin ONEUSDTM