Funding you earn now, next payment 08:00 UTC−0.0129%/8h= −14.1% APRnext payment −$0.64 per $10,000 · paid last 24h −0.064%
Price spread now: BingX against BloFin−0.014%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$810.812% of the position
Funding, last 7 days−0.558%−$56 on $10k
+Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.014%, 7d avg +0.033%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BingX is 0.047% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ETHFI-USDT | 0.6955 | 0.0229 | pay 0.0114% / 4h | 1h 05m | $1.2M | $240K | 75x |
| Short | BingX ETHFI-USDC | 0.6954 | 0.0100 | get 0.0050% / 4h | 1h 05m | — | $1.2M | — |
BloFin ETHFI-USDT
BingX ETHFI-USDCFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$27.03
- Price spread: −0.014% → +0.033%
- −$4.73
- Slippage, 4 orders
- −$59.24
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$113
- Costs to cover
- 0.812%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; BingX: live order book, 5 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, 2 min ago | 1.43 bp | 10.2 bp −$10 | 12.2 bp −$122 | 73.8 bp −$7,376 | doesn't fit |
| Sell BingX live order book, 5 min ago | 2.16 bp | 33.3 bp −$33 | 110.1 bp −$1,101 | 601.1 bp −$60.1K | 764.9 bp −$382.4K |
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 | −0.0612% | 1h | 0.6955 | 0.000% | $41K | $11K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0411% | 4h | 0.6949 | −0.086% | $82K | $174K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0279% | 4h | 0.6953 | −0.029% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0128% | 4h | 0.6968 | +0.191% | $917K | $785K | — | as long as short |
| Binance ETHFIUSDT | −0.0011% | 4h | 0.6947 | −0.115% | $24.1M | $36.4M | 75x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0010% | 8h | 0.6960 | +0.073% | $6K | — | 5x | as long as short |
| MEXC ETHFI_USDT | −0.0010% | 4h | 0.6951 | −0.058% | $15.8M | $4.2M | 125x | as long as short |
| Extended ETHFI-USD | −0.0008% | 1h | 0.6952 | −0.046% | $95K | $505K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.098% | $321 | $51K | 5.5x | as long as short |
| Bybit ETHFIUSDT | +0.0049% | 4h | 0.6953 | −0.029% | $17.2M | $13.1M | 25x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Binance ETHFIUSDT
Paradex ETHFI-USD-PERP
MEXC ETHFI_USDT
Extended ETHFI-USD
Injective ETHFI/USDC PERP
Bybit ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6950 | −0.072% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6959 | +0.058% | $1.1M | $832K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6964 | +0.125% | $16.7M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6964 | +0.129% | $178K | $263K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6954 | −0.014% | $5.1M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6965 | +0.144% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6966 | +0.158% | $1.2M | $228K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6949 | −0.086% | $6.1M | $4.9M | 75x | as long as short |
| BingX ETHFI-USDCshort | +0.0100% | 4h | 0.6954 | −0.014% | — | $1.2M | — | |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6965 | +0.139% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6961 | +0.086% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDTlong | +0.0229% | 4h | 0.6955 | long leg | $1.2M | $240K | 75x | |
| Coinbase International ETHFI-PERP-INTX | +0.0328% | 1h | 0.6978 | +0.331% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.1687% | 1h | 0.6972 | +0.251% | $291K | $295K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD