data as of
Settings8H · net · $10k
Funding arb /

S

all S markets
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Funding spread now, next payment 16:00 UTC−0.0240%/8h
next payment, per $10,000$1.20paid, last 24h−0.060%paid, last 7 days−0.158%to open and close $10k−$77
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.158% in total (about -8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin S-USDT0.039950.0340pay 0.0170% / 4h45m 45s$291K$260K75x
ShortBingX S-USDT0.039810.0100get 0.0050% / 4h45m 45s$7.0M

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$50.4
Slippage, 4 orders
−$55.5
Fee BloFin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$127.9
Break-even
never at this rate
Slippage from BloFin: live order book, 62 min ago; BingX: live order book, 13 min ago.

Price risk

price view
Price gap now
−0.350%
Avg gap 7d
+0.043%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 62 min ago2.57 bp17.9 bp −$1843.6 bp −$436doesn't fitdoesn't fit
Sell BingX live order book, 13 min ago5.03 bp18.7 bp −$1949.7 bp −$497312.4 bp −$31.2K729.3 bp −$364.6K

S on 25 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
01 Exchange SUSD−1.2120%1h$23K$3K5xas long as short
Coinbase International S-PERP-INTX−0.2432%1h$47K$12K25xas long as short
Kraken Futures PF_SUSD−0.2394%1h$34K$48K10xas long as short
Variational Omni S−0.1030%4h$620K$121Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0375% / S +0.0347%1h$1K100xas long as short
Orderly PERP_S_USDC−0.0189%4h$105K$334K10xas long as short
Aster SUSDT−0.0140%4h$48K$262K10xas long as short
Reya SRUSDPERP−0.0101%1h$415xas long as short
Deribit S_USDC-PERPETUAL0.0000%1h$67K$12K10xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h$616150xas long as short
Show all 25 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective S/USDC PERP+0.0033%1h$2K$161K12xas long as short
Lighter S+0.0096%1h$167K$332K5xas long as short
Hyperliquid S+0.0100%1h$1.1M$1.5M5xas long as short
Binance SUSDT+0.0100%4h$5.4M$40.7M75xas long as short
Bybit SUSDT+0.0100%4h$5.7M$9.5M50xas long as short
OKX S-USDT-SWAP+0.0100%4h$1.0M$12.8M20xas long as short
Gate S_USDT+0.0100%4h$334K$400K50xas long as short
MEXC S_USDT+0.0100%4h$3.7M$3.5M200xas long as short
KuCoin SUSDTM+0.0100%4h$1.9M$3.9M50xas long as short
Bitget SUSDT+0.0100%4h$1.2M$4.7M50xas long as short
BingX S-USDTshort+0.0100%4h$7.0M
ApeX Omni SUSDT+0.0100%1h$25K$500K50xas long as short
Extended S-USD+0.0104%1h$224K$946K10xas long as short
BloFin S-USDTlong+0.0340%4h$291K$260K75x
Backpack S_USDC_PERP+0.0632%1h$116K$213K5xas long as short