Funding you earn now, next payment 12:00 UTC+0.0060%/8h= +6.5% APRnext payment +$0.30 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against BingX+0.073%81s7-day average +0.140% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as 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−$1141.139% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.073%, 7d avg +0.140%
=Funding pays, the price is against you. BloFin is 0.067% cheaper against BingX than usual: you would sell low and buy high (spread +0.073% now, against its 7-day average of +0.140%). If the spread goes back, that is −$7 on $10k: about 3.8 days of funding at the current rate (+$2 a day). 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 | BingX ATH-USDT | 0.005470 | 0.0100 | pay 0.0050% / 4h | 3h 47m | — | $21.3M | — |
| Short | BloFin ATH-USDT | 0.005474 | 0.0160 | get 0.0080% / 4h | 3h 47m | $161K | $70K | 75x |
BingX ATH-USDT
BloFin ATH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- $12.51
- Price spread: +0.073% → +0.140%
- −$6.71
- Slippage, 4 orders
- −$91.91
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$108.11
- Costs to cover
- 1.139%
- Break-even
- 67.5 days
Slippage from BingX: live order book, 6 min ago; BloFin: live order book, 17 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 BingX live order book, 6 min ago | 5.49 bp | 31.3 bp −$31 | 80.1 bp −$801 | 663.9 bp −$66.4K | 1024.7 bp −$512.4K |
| Sell BloFin live order book, 17 min ago | 6.38 bp | 27.8 bp −$28 | 67.3 bp −$673 | doesn't fit | doesn't fit |
ATH on 13 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_ATHUSD | −0.1692% | 1h | 0.005479 | +0.164% | $17K | $109K | 10x | as long as short |
| Variational Omni ATH | −0.0121% | 4h | 0.005466 | −0.080% | $183K | $93K | — | as long as short |
| dYdX ATH-USD | 0.0000% | 1h | 0.005472 | +0.035% | $11K | $59 | 5x | as long as short |
| Aster ATHUSDT | +0.0100% | 4h | 0.005480 | +0.182% | $4K | $42K | 5x | as long as short |
| Binance ATHUSDT | +0.0100% | 4h | 0.005480 | +0.188% | $3.2M | $4.3M | 50x | as long as short |
| Bybit ATHUSDT | +0.0100% | 4h | 0.005467 | −0.055% | $4.3M | $2.7M | 25x | as long as short |
| OKX ATH-USDT-SWAP | +0.0100% | 4h | 0.005469 | −0.018% | $701K | $1.3M | 20x | as long as short |
| Gate ATH_USDT | +0.0100% | 4h | 0.005469 | −0.018% | $781K | $602K | 30x | as long as short |
| MEXC ATH_USDT | +0.0100% | 4h | 0.005478 | +0.146% | $8.9M | $659K | 50x | as long as short |
| KuCoin ATHUSDTM | +0.0100% | 4h | 0.005477 | +0.128% | $549K | $79K | 30x | as long as short |
Kraken Futures PF_ATHUSD
Variational Omni ATH
dYdX ATH-USD
Aster ATHUSDT
Binance ATHUSDT
Bybit ATHUSDT
OKX ATH-USDT-SWAP
Gate ATH_USDT
MEXC ATH_USDT
KuCoin ATHUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ATHUSDT | +0.0100% | 4h | 0.005470 | 0.000% | $1.5M | $915K | 25x | as long as short |
| BingX ATH-USDTlong | +0.0100% | 4h | 0.005470 | long leg | — | $21.3M | — | |
| BloFin ATH-USDTshort | +0.0160% | 4h | 0.005474 | +0.073% | $161K | $70K | 75x |
Bitget ATHUSDT