S

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.070%

Price spread now: Binance against BloFin+0.046%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$770.767% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.311%−$31 on $10k

Price spread, last 4 days (all we have)+0.641%+$64 · spread now +0.046%, 7d avg +0.045%

Together, before fees+0.330%+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin S-USDT	0.04306	0.0340	pay 0.0170% / 4h	3h 32m	$304K	$122K	75x
Short	Binance SUSDT	0.04308	0.0100	get 0.0050% / 4h	3h 32m	$6.3M	$16.9M	75x

Funding history

latest

Range statsloading…

Binance against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BloFinbpFee BinancebpOrdersPrice spread, now +0.046%Rate

Slippage from BloFin: live order book, 42 min ago; Binance: live order book, 8 min ago.

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, 42 min ago	4.65 bp	13.0 bp −$13	15.0 bp −$150	151.0 bp −$15.1K	doesn't fit
Sell Binance live order book, 8 min ago	2.31 bp	19.7 bp −$20	68.0 bp −$680	509.6 bp −$51.0K	doesn't fit

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
Kraken Futures PF_SUSD	−0.2657%	1h	0.04271	−0.824%	$35K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04308	+0.046%	$53K	$18K	25x	as long as short
01 Exchange SUSD	−0.0936%	1h	0.04170	−3.158%	$25K	$3K	5x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04311	+0.118%	$2K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04320	+0.327%	$4	—	15x	as long as short
Variational Omni S	−0.0056%	4h	0.04316	+0.239%	$670K	$7K	—	as long as short
Deribit S_USDC-PERPETUAL	0.0000%	1h	0.04306	0.000%	$72K	$11K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04304	−0.036%	$664	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−4.784%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0071%	4h	0.04304	−0.046%	$107K	$631K	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	0.04308	+0.046%	$185K	$100K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.04301	−0.118%	$1.1M	$719K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04305	−0.026%	$47K	$175K	10x	as long as short
Binance SUSDTshort	+0.0100%	4h	0.04308	+0.046%	$6.3M	$16.9M	75x
Bybit SUSDT	+0.0100%	4h	0.04305	−0.023%	$6.1M	$4.8M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04306	0.000%	$1.2M	$4.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04300	−0.139%	$360K	$220K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04299	−0.163%	$4.5M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04296	−0.232%	$2.0M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04296	−0.232%	$1.3M	$2.7M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04299	−0.163%	—	$6.9M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04340	+0.790%	$25K	$512K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04297	−0.206%	$239K	$1.3M	10x	as long as short
BloFin S-USDTlong	+0.0340%	4h	0.04306	long leg	$304K	$122K	75x
Backpack S_USDC_PERP	+0.0361%	1h	0.04300	−0.139%	$101K	$473K	5x	as long as short