S

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.070%

Price spread now: BloFin against Binance−0.356%71s7-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−$840.838% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.301%+$30 on $10k

Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.356%, 7d avg −0.031%

Together, before fees+0.529%+$53 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.325% cheaper against Binance than usual: you would sell low and buy high (spread −0.356% now, against its 7-day average of −0.031%). If the spread goes back, that is −$33 on $10k: about 4.5 days of funding at the current rate (+$7 a day). The two prices were read 71 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 SUSDT	0.04214	0.0100	pay 0.0050% / 4h	17m 58s	$6.0M	$14.3M	75x
Short	BloFin S-USDT	0.04199	0.0340	get 0.0170% / 4h	17m 58s	$287K	$120K	75x

Funding 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 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 BinancebpFee BloFinbpOrdersPrice spread, now −0.356%Rate

Funding earned: $50.4
Price spread: −0.356% → −0.031%: −$32.51
Slippage, 4 orders: −$61.82
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$65.93
Costs to cover: 0.838%
Break-even: 16.2 days

Slippage from Binance: live order book, 7 min ago; BloFin: live order book, 61 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, 7 min ago	3.59 bp	24.6 bp −$25	76.8 bp −$768	2105.2 bp −$210.5K	doesn't fit
Sell BloFin live order book, 61 min ago	3.71 bp	18.6 bp −$19	55.4 bp −$554	doesn't fit	doesn't fit

S on 25 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
01 Exchange SUSD	−1.1824%	1h	0.04030	−4.366%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1883%	1h	0.04197	−0.407%	$34K	$18K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1064%	1h	0.04073	−3.346%	$49K	$17K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04213	−0.014%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04202	−0.277%	$4	—	15x	as long as short
Variational Omni S	−0.0002%	4h	0.04172	−1.002%	$648K	$5K	—	as long as short
Deribit S_USDC-PERPETUAL	0.0000%	1h	0.04210	−0.095%	$71K	$10K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04211	−0.072%	$649	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−2.705%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0089%	4h	0.04206	−0.190%	$104K	$601K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.04210	−0.095%	$182K	$142K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.04206	−0.183%	$1.1M	$609K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04212	−0.052%	$45K	$145K	10x	as long as short
Binance SUSDTlong	+0.0100%	4h	0.04214	long leg	$6.0M	$14.3M	75x
Bybit SUSDT	+0.0100%	4h	0.04212	−0.047%	$6.0M	$4.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04215	+0.024%	$1.1M	$4.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04210	−0.095%	$345K	$191K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04216	+0.047%	$4.2M	$2.0M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04206	−0.190%	$1.9M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04215	+0.024%	$1.3M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04214	0.000%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04190	−0.570%	$24K	$500K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04213	−0.014%	$237K	$1.3M	10x	as long as short
BloFin S-USDTshort	+0.0340%	4h	0.04199	−0.356%	$287K	$120K	75x
Backpack S_USDC_PERP	+0.1063%	1h	0.04210	−0.095%	$107K	$463K	5x	as long as short