Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.25 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against BloFin+0.022%71s7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$157as 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−$1571.567% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.022%, 7d avg −0.035%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.057% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.035%. 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 | BloFin US-USDT | 0.01635 | 0.0169 | pay 0.0084% / 4h | 1h 15m | $476K | $49K | 10x |
| Short | Binance USUSDT | 0.01635 | 0.0218 | get 0.0109% / 4h | 1h 15m | $9.1M | $3.1M | 10x |
BloFin US-USDT
Binance USUSDTFunding 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
- $10.44
- Price spread: +0.022% → −0.035%
- $5.7
- Slippage, 4 orders
- −$134.74
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$140.6
- Costs to cover
- 1.567%
- Break-even
- 101.3 days
Slippage from BloFin: live order book, 65 min ago; Binance: live order book, 9 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 | 3.34 bp | 37.8 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.31 bp | 36.2 bp −$36 | 219.1 bp −$2,191 | doesn't fit | doesn't fit |
US on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTM | −0.0264% | 4h | 0.01630 | −0.288% | $4.2M | $278K | 20x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01634 | −0.018% | $3.2M | $856K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01633 | −0.122% | $2.0M | $555K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01636 | +0.073% | $16K | $3K | — | as long as short |
| Aster USUSDT | +0.0120% | 4h | 0.01634 | −0.051% | $12K | $55K | 5x | as long as short |
| BloFin US-USDTlong | +0.0169% | 4h | 0.01635 | long leg | $476K | $49K | 10x | |
| MEXC US_USDT | +0.0204% | 4h | 0.01635 | +0.018% | $5.5M | $116K | 100x | as long as short |
| Extended US-USD | +0.0216% | 1h | 0.01634 | −0.012% | $4K | $141K | 5x | as long as short |
| Binance USUSDTshort | +0.0218% | 4h | 0.01635 | +0.022% | $9.1M | $3.1M | 10x | |
| BingX US-USDT | +0.0432% | 4h | 0.01635 | +0.024% | — | $1.3M | — | as long as short |
KuCoin USUSDTM
Bybit USUSDT
Gate US_USDT
Variational Omni US
Aster USUSDT
MEXC US_USDT
Extended US-USD
BingX US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USUSDT | +0.0442% | 4h | 0.01636 | +0.080% | $4.3M | $248K | 10x | as long as short |
Bitget USUSDT