Funding you earn now, next payment 00:00 UTC+0.0229%/8h= +25.0% APRnext payment +$1.14 per $10,000 · paid last 24h +0.079%
Price spread now: BloFin against BingX−0.210%66s7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as 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−$810.809% of the position
Funding, last 7 days+0.563%+$56 on $10k
+Price spread, last 3 days (all we have)+0.103%+$10 · spread now −0.210%, 7d avg −0.014%
=Funding pays, the price is against you. BloFin is 0.196% cheaper against BingX than usual: you would sell low and buy high (spread −0.210% now, against its 7-day average of −0.014%). If the spread goes back, that is −$20 on $10k: about 2.9 days of funding at the current rate (+$7 a day). The two prices were read 66 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 ETHFI-USDC | 0.7144 | 0.0100 | pay 0.0050% / 4h | 2h 10m | — | $1.2M | — |
| Short | BloFin ETHFI-USDT | 0.7129 | 0.0329 | get 0.0164% / 4h | 2h 10m | $1.3M | $293K | 75x |
BingX ETHFI-USDC
BloFin ETHFI-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
- $47.99
- Price spread: −0.210% → −0.014%
- −$19.6
- Slippage, 4 orders
- −$58.88
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$52.49
- Costs to cover
- 0.809%
- Break-even
- 14.7 days
Slippage from BingX: live order book, 4 min ago; BloFin: live order book, 7 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, 4 min ago | 2.10 bp | 24.1 bp −$24 | 98.0 bp −$980 | 577.2 bp −$57.7K | 728.7 bp −$364.3K |
| Sell BloFin live order book, 7 min ago | 0.70 bp | 13.1 bp −$13 | 26.6 bp −$266 | 83.5 bp −$8,349 | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0589% | 1h | 0.7145 | +0.014% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0254% | 4h | 0.7128 | −0.224% | $83K | $165K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0213% | 1h | 0.7153 | +0.123% | $281K | $145K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0172% | 4h | 0.7140 | −0.056% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.344% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0041% | 8h | 0.7140 | −0.050% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDT | +0.0044% | 4h | 0.7138 | −0.084% | $6.1M | $5.6M | 75x | as long as short |
| Binance ETHFIUSDT | +0.0086% | 4h | 0.7140 | −0.053% | $24.8M | $37.0M | 75x | as long as short |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7140 | −0.057% | $92K | $495K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0088% | 4h | 0.7139 | −0.070% | $15.1M | $3.9M | 125x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Bitget ETHFIUSDT
Binance ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7146 | +0.034% | $1.1M | $909K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7146 | +0.027% | $18.1M | $9.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7150 | +0.086% | $183K | $255K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7146 | +0.028% | $18.3M | $12.8M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7144 | 0.000% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7146 | +0.028% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7140 | −0.056% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDClong | +0.0100% | 4h | 0.7144 | long leg | — | $1.2M | — | |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7143 | −0.009% | $1.0M | $729K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7146 | +0.028% | $60K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7149 | +0.070% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7140 | −0.058% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7165 | +0.294% | $31K | $9K | 50x | as long as short |
| BloFin ETHFI-USDTshort | +0.0329% | 4h | 0.7129 | −0.210% | $1.3M | $293K | 75x |
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX