Funding you earn now, next payment 08:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.07 per $10,000 · paid last 24h +0.012%
Price spread now: Binance against BloFin−0.117%81s7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as 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−$1521.520% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.117%, 7d avg −0.085%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.031% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.085%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.071%, so the current rate has only just turned against you. 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 | BloFin RED-USDT | 0.1548 | 0.0115 | pay 0.0057% / 4h | 3h 25m | $222K | $5K | 25x |
| Short | Binance REDUSDT | 0.1546 | 0.0100 | get 0.0050% / 4h | 3h 25m | $2.3M | $4.1M | 50x |
BloFin RED-USDT
Binance REDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$3.14
- Price spread: −0.117% → −0.085%
- −$3.15
- Slippage, 4 orders
- −$130.04
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$158.33
- Costs to cover
- 1.520%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 65 min ago; Binance: live order book, 11 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, 65 min ago | 3.23 bp | 51.3 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 3.22 bp | 30.4 bp −$30 | 116.6 bp −$1,166 | doesn't fit | doesn't fit |
RED 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster REDUSDT | +0.0100% | 4h | 0.1550 | +0.131% | $28K | $36K | 5x | as long as short |
| Binance REDUSDTshort | +0.0100% | 4h | 0.1546 | −0.117% | $2.3M | $4.1M | 50x | |
| Bybit REDUSDT | +0.0100% | 4h | 0.1548 | −0.039% | $2.0M | $1.9M | 25x | as long as short |
| Gate RED_USDT | +0.0100% | 4h | 0.1552 | +0.239% | $355K | $95K | 25x | as long as short |
| Bitget REDUSDT | +0.0100% | 4h | 0.1550 | +0.110% | $745K | $294K | 20x | as long as short |
| Variational Omni RED | +0.0100% | 4h | 0.1548 | −0.048% | $26K | $3K | — | as long as short |
| SunX RED-USDT | +0.0100% | 4h | 0.1584 | +2.306% | $2K | $797K | 20x | as long as short |
| Extended RED-USD | +0.0104% | 1h | 0.1547 | −0.113% | $31 | — | 5x | as long as short |
| BloFin RED-USDTlong | +0.0115% | 4h | 0.1548 | long leg | $222K | $5K | 25x | |
| MEXC RED_USDT | +0.0486% | 4h | 0.1547 | −0.084% | $519K | $168K | 20x | as long as short |
Aster REDUSDT
Bybit REDUSDT
Gate RED_USDT
Bitget REDUSDT
Variational Omni RED
SunX RED-USDT
Extended RED-USD
MEXC RED_USDT