Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.25 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against Binance−0.099%51s7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as 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−$560.556% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 3 days (all we have)−0.055%−$5 · spread now −0.099%, 7d avg −0.031%
=Funding pays, the price is against you. BloFin is 0.068% cheaper against Binance than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of −0.031%). If the spread goes back, that is −$7 on $10k: about 4.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.012% in total) that is about 39 days. The two prices were read 51 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 PROMUSDT | 4.9930 | 0.0100 | pay 0.0050% / 4h | 1h 04m | $16.2M | $8.1M | 50x |
| Short | BloFin PROM-USDT | 4.9880 | 0.0150 | get 0.0075% / 4h | 1h 04m | $814K | $300K | 50x |
Binance PROMUSDT
BloFin PROM-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
- $10.42
- Price spread: −0.099% → −0.031%
- −$6.83
- Slippage, 4 orders
- −$33.57
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$51.99
- Costs to cover
- 0.556%
- Break-even
- 41.9 days
Slippage from Binance: live order book, 6 min ago; BloFin: live order book, 12 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, 6 min ago | 1.00 bp | 14.9 bp −$15 | 55.6 bp −$556 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 12 min ago | 1.00 bp | 14.7 bp −$15 | 28.0 bp −$280 | doesn't fit | doesn't fit |
PROM on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PROMUSDT | +0.0019% | 4h | 4.9921 | −0.018% | $134K | $21K | 5x | as long as short |
| Binance PROMUSDTlong | +0.0100% | 4h | 4.9930 | long leg | $16.2M | $8.1M | 50x | |
| Gate PROM_USDT | +0.0100% | 4h | 4.9930 | +0.001% | $769K | $917K | 50x | as long as short |
| MEXC PROM_USDT | +0.0100% | 4h | 4.9940 | +0.021% | $422K | $157K | 20x | as long as short |
| KuCoin PROMUSDTM | +0.0100% | 4h | 4.9945 | +0.031% | $1.1M | $76K | 30x | as long as short |
| Bitget PROMUSDT | +0.0100% | 4h | 4.9998 | +0.137% | $4.3M | $409K | 10x | as long as short |
| BingX PROM-USDT | +0.0100% | 4h | 4.9950 | +0.041% | — | $1.4M | — | as long as short |
| Extended PROM-USD | +0.0104% | 1h | 4.9891 | −0.078% | $916 | — | 5x | as long as short |
| BloFin PROM-USDTshort | +0.0150% | 4h | 4.9880 | −0.099% | $814K | $300K | 50x |
Aster PROMUSDT
Gate PROM_USDT
MEXC PROM_USDT
KuCoin PROMUSDTM
Bitget PROMUSDT
BingX PROM-USDT
Extended PROM-USD