Funding you earn now, next payment 00:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.011%
Price spread now: BloFin against BingX−0.077%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1311.306% of the position
Funding, last 7 days−0.452%−$45 on $10k
+Price spread, last 3 days (all we have)+0.164%+$16 · spread now −0.077%, 7d avg −0.012%
=Funding pays, the price is against you. BloFin is 0.065% cheaper against BingX than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.012%). If the spread goes back, that is −$7 on $10k: about 3.7 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.452%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX AXL-USDT | 0.05201 | 0.0070 | pay 0.0035% / 4h | 1h 14m | — | $2.3M | — |
| Short | BloFin AXL-USDT | 0.05197 | 0.0128 | get 0.0064% / 4h | 1h 14m | $122K | $12K | 50x |
BingX AXL-USDT
BloFin AXL-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
- $12.19
- Price spread: −0.077% → −0.012%
- −$6.52
- Slippage, 4 orders
- −$108.63
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$124.96
- Costs to cover
- 1.306%
- Break-even
- 78.7 days
Slippage from BingX: live order book, 8 min ago; BloFin: live order book, 58 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, 8 min ago | 6.75 bp | 30.1 bp −$30 | 115.8 bp −$1,158 | 646.2 bp −$64.6K | doesn't fit |
| Sell BloFin live order book, 58 min ago | 1.92 bp | 35.8 bp −$36 | 90.6 bp −$906 | doesn't fit | doesn't fit |
AXL on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX AXL-USDTlong | +0.0070% | 4h | 0.05201 | long leg | — | $2.3M | — | |
| Aster AXLUSDT | +0.0100% | 4h | 0.05202 | +0.029% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05203 | +0.047% | $1.8M | $4.1M | 50x | as long as short |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05205 | +0.077% | $1.4M | $1.9M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05202 | +0.019% | $347K | $161K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05201 | 0.000% | $436K | $93K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05201 | 0.000% | $573K | $301K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05196 | −0.089% | $6K | $24K | — | as long as short |
| BloFin AXL-USDTshort | +0.0128% | 4h | 0.05197 | −0.077% | $122K | $12K | 50x |
Aster AXLUSDT
Binance AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL