ALT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0047%/8h= +5.2% APRnext payment +$0.24 per $10,000 · paid last 24h +0.002%

Price spread now: BingX against BloFin0.000%81s7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as 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−$800.802% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.136%−$14 · spread now 0.000%, 7d avg −0.041%

Together, before fees−0.130%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.041% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.041%. The two prices were read 81 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 ALT-USDT	0.007491	0.0053	pay 0.0026% / 4h	19m 52s	$168K	$8K	50x
Short	BingX ALT-USDT	0.007491	0.0100	get 0.0050% / 4h	19m 52s	—	$1.3M	—

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $9.92
Price spread: 0.000% → −0.041%: $4.08
Slippage, 4 orders: −$58.23
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$66.23
Costs to cover: 0.802%
Break-even: 53.7 days

Slippage from BloFin: live order book, 50 min ago; BingX: live order book, 11 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, 50 min ago	3.32 bp	15.8 bp −$16	56.2 bp −$562	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	4.68 bp	25.5 bp −$26	64.5 bp −$645	517.3 bp −$51.7K	757.7 bp −$378.8K

ALT 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_ALTUSD	−0.0142%	1h	0.007488	−0.043%	$44K	$8K	10x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.670%	$837	$22	5.5x	as long as short
BloFin ALT-USDTlong	+0.0053%	4h	0.007491	long leg	$168K	$8K	50x
Hyperliquid ALT	+0.0100%	1h	0.007492	+0.013%	$1.1M	$136K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007499	+0.107%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007485	−0.080%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007486	−0.067%	$49K	$389K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007496	+0.067%	$378K	$168K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007490	−0.013%	$143K	$19K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007482	−0.120%	$600K	$143K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDTshort	+0.0100%	4h	0.007491	0.000%	—	$1.3M	—
Variational Omni ALT	+0.0100%	4h	0.007470	−0.284%	$4K	$16K	—	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0418%	1h	0.007491	0.000%	—	$0	25x	as long as short
Coinbase International ALT-PERP-INTX	+0.0480%	1h	0.007542	+0.681%	$13K	$2K	50x	as long as short