Funding you earn now, next payment 00:00 UTC+0.0269%/8h= +29.5% APRnext payment +$1.35 per $10,000 · paid last 24h +0.009%
Price spread now: BingX against BloFin−0.067%111s7-day average +0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$166as 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−$1751.749% of the position
Funding, last 7 days+0.088%+$9 on $10k
+Price spread, last 3 days (all we have)+0.253%+$25 · spread now −0.067%, 7d avg +0.078%
=Funding pays, the price is against you. BingX is 0.145% cheaper against BloFin than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of +0.078%). If the spread goes back, that is −$15 on $10k: about 43 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.088% in total) that is about 12 days. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.088% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin US-USDT | 0.01639 | 0.0113 | pay 0.0056% / 4h | 2h 03m | $479K | $49K | 10x |
| Short | BingX US-USDT | 0.01638 | 0.0382 | get 0.0191% / 4h | 2h 03m | — | $1.3M | — |
BloFin US-USDT
BingX US-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $56.55
- Price spread: −0.067% → +0.078%
- −$14.51
- Slippage, 4 orders
- −$152.88
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$132.84
- Costs to cover
- 1.749%
- Break-even
- 23.4 days
Slippage from BloFin: live order book, 18 min ago; BingX: live order book, 12 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, 18 min ago | 3.34 bp | 37.8 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 5.47 bp | 49.2 bp −$49 | 135.9 bp −$1,359 | 930.4 bp −$93.0K | 1251.2 bp −$625.6K |
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 | −0.0122% | 4h | 0.01633 | −0.354% | $4.2M | $275K | 20x | as long as short |
| Aster USUSDT | +0.0100% | 4h | 0.01635 | −0.227% | $12K | $54K | 5x | as long as short |
| Binance USUSDT | +0.0100% | 4h | 0.01638 | −0.062% | $9.2M | $3.1M | 10x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01638 | −0.085% | $3.2M | $843K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01635 | −0.238% | $2.1M | $549K | 20x | as long as short |
| MEXC US_USDT | +0.0100% | 4h | 0.01638 | −0.073% | $5.5M | $118K | 100x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01639 | +0.014% | $16K | $3K | — | as long as short |
| Extended US-USD | +0.0104% | 1h | 0.01637 | −0.104% | $4K | $141K | 5x | as long as short |
| BloFin US-USDTlong | +0.0113% | 4h | 0.01639 | long leg | $479K | $49K | 10x | |
| Bitget USUSDT | +0.0348% | 4h | 0.01640 | +0.061% | $4.3M | $243K | 10x | as long as short |
KuCoin USUSDTM
Aster USUSDT
Binance USUSDT
Bybit USUSDT
Gate US_USDT
MEXC US_USDT
Variational Omni US
Extended US-USD
Bitget USUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX US-USDTshort | +0.0382% | 4h | 0.01638 | −0.067% | — | $1.3M | — |