Funding you earn now, next payment 04:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.15 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against Binance+1.149%501s7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as 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−$920.924% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 3 days (all we have)−1.181%−$118 · spread now +1.149%, 7d avg +0.022%
=The price spread pays, funding is against you. BloFin is 1.128% dearer against Binance than usual: you sell high and buy low (spread +1.149% now, against its 7-day average of +0.022%): +$113 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4 months. Mind the row above: over the last 7 days funding on this pair paid +0.148%, so the current rate has only just turned against you. The two prices were read 501 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 AIXBTUSDT | 0.02243 | 0.0100 | pay 0.0050% / 4h | 2h 40m | $2.3M | $3.1M | 50x |
| Short | BloFin AIXBT-USDT | 0.02269 | 0.0069 | get 0.0035% / 4h | 2h 40m | $120K | $72K | 50x |
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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.5
- Price spread: +1.149% → +0.022%
- $112.76
- Slippage, 4 orders
- −$70.44
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $13.82
- Costs to cover
- 0.924%
- Break-even
- from the start
Slippage from Binance: live order book, 10 min ago; BloFin: 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 Binance live order book, 10 min ago | 4.41 bp | 27.0 bp −$27 | 140.6 bp −$1,406 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 4.40 bp | 28.9 bp −$29 | 78.2 bp −$782 | doesn't fit | doesn't fit |
AIXBT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AIXBTUSD | −0.1576% | 1h | 0.02245 | +0.067% | $18K | $7K | 10x | as long as short |
| Variational Omni AIXBT | −0.0063% | 4h | 0.02244 | +0.019% | $98K | $11K | — | as long as short |
| BloFin AIXBT-USDTshort | +0.0069% | 4h | 0.02269 | +1.149% | $120K | $72K | 50x | |
| Hyperliquid AIXBT | +0.0100% | 1h | 0.02248 | +0.204% | $380K | $197K | 3x | as long as short |
| Binance AIXBTUSDTlong | +0.0100% | 4h | 0.02243 | long leg | $2.3M | $3.1M | 50x | |
| Bybit AIXBTUSDT | +0.0100% | 4h | 0.02241 | −0.099% | $1.2M | $1.0M | 25x | as long as short |
| OKX AIXBT-USDT-SWAP | +0.0100% | 4h | 0.02244 | +0.035% | $455K | $1.5M | 20x | as long as short |
| Gate AIXBT_USDT | +0.0100% | 4h | 0.02246 | +0.124% | $198K | $99K | 25x | as long as short |
| MEXC AIXBT_USDT | +0.0100% | 4h | 0.02246 | +0.124% | $429K | $196K | 100x | as long as short |
| KuCoin AIXBTUSDTM | +0.0100% | 4h | 0.02248 | +0.213% | $1.2M | $1.4M | 30x | as long as short |
Show all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AIXBTUSDT | +0.0100% | 4h | 0.02248 | +0.213% | $635K | $492K | 20x | as long as short |
| BingX AIXBT-USDT | +0.0100% | 4h | 0.02245 | +0.079% | — | $6.6M | — | as long as short |
| GMX AIXBT/USD [ETH-USDC] | L +0.0269% / S −0.0486% | 1h | 0.02246 | +0.142% | $5K | — | 100x | as long as short |
| Reya AIXBTRUSDPERP | +0.0372% | 1h | 0.02246 | +0.142% | — | — | — | as long as short |
Binance AIXBTUSDT
BloFin AIXBT-USDT
Kraken Futures PF_AIXBTUSD
Variational Omni AIXBT
Hyperliquid AIXBT
Bybit AIXBTUSDT
OKX AIXBT-USDT-SWAP
Gate AIXBT_USDT
MEXC AIXBT_USDT
KuCoin AIXBTUSDTM
Bitget AIXBTUSDT
BingX AIXBT-USDT
GMX AIXBT/USD [ETH-USDC]