Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.007%
Price spread now: BloFin against Binance−0.016%81s7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as 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−$620.623% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.016%, 7d avg +0.007%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.023% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.007%). Swap the legs. The two prices were read 81 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 | Binance ONTUSDT | 0.05598 | 0.0100 | pay 0.0050% / 4h | 15m 43s | $2.4M | $2.7M | 50x |
| Short | BloFin ONT-USDT | 0.05597 | 0.0062 | get 0.0031% / 4h | 15m 43s | $129K | $15K | 50x |
Binance ONTUSDT
BloFin ONT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$8
- Price spread: −0.016% → +0.007%
- −$2.28
- Slippage, 4 orders
- −$40.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$72.6
- Costs to cover
- 0.623%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; BloFin: live order book, 46 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 Binance live order book, 4 min ago | 0.89 bp | 19.7 bp −$20 | 82.6 bp −$826 | 8714.9 bp −$871.5K | doesn't fit |
| Sell BloFin live order book, 46 min ago | 1.78 bp | 10.5 bp −$11 | 26.7 bp −$267 | doesn't fit | doesn't fit |
ONT 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ONT-USDT-SWAP | −0.0008% | 4h | 0.05591 | −0.123% | $781K | $899K | 20x | as long as short |
| BloFin ONT-USDTshort | +0.0062% | 4h | 0.05597 | −0.016% | $129K | $15K | 50x | |
| Aster ONTUSDT | +0.0100% | 4h | 0.05600 | +0.037% | $26K | $168 | 5x | as long as short |
| Binance ONTUSDTlong | +0.0100% | 4h | 0.05598 | long leg | $2.4M | $2.7M | 50x | |
| Gate ONT_USDT | +0.0100% | 4h | 0.05597 | −0.016% | $172K | $60K | 50x | as long as short |
| MEXC ONT_USDT | +0.0100% | 4h | 0.05596 | −0.034% | $1.5M | $152K | 50x | as long as short |
| KuCoin ONTUSDTM | +0.0100% | 4h | 0.05599 | +0.020% | $514K | $38K | 30x | as long as short |
| Bitget ONTUSDT | +0.0100% | 4h | 0.05593 | −0.088% | $800K | $281K | 50x | as long as short |
| Variational Omni ONT | +0.0671% | 4h | 0.05588 | −0.175% | $4K | $3K | — | as long as short |
| BingX ONT-USDT | +0.0888% | 4h | 0.05594 | −0.070% | — | $2.3M | — | as long as short |
OKX ONT-USDT-SWAP
Aster ONTUSDT
Gate ONT_USDT
MEXC ONT_USDT
KuCoin ONTUSDTM
Bitget ONTUSDT
Variational Omni ONT
BingX ONT-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ONTUSDT | +0.0982% | 4h | 0.05591 | −0.123% | $794K | $311K | 25x | as long as short |
| Kraken Futures PF_ONTUSD | +0.1062% | 1h | 0.05596 | −0.026% | $9K | $397 | 10x | as long as short |
Bybit ONTUSDT
Kraken Futures PF_ONTUSD