Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.018%
Price spread now: BingX against BloFin−0.201%111s7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as 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−$290.287% of the position
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 4 days (all we have)+0.203%+$20 · spread now −0.201%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BingX is 0.165% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.037%). Swap the legs. The two prices were read 111 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 FIL-USDT | 0.9934 | 0.0220 | pay 0.0220% / 8h | 1h 01m | $2.7M | $676K | 75x |
| Short | BingX FIL-USDT | 0.9914 | 0.0100 | get 0.0100% / 8h | 1h 01m | — | $11.8M | — |
BloFin FIL-USDT
BingX FIL-USDTFunding 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
- −$25.2
- Price spread: −0.201% → −0.037%
- −$16.46
- Slippage, 4 orders
- −$6.72
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$70.38
- Costs to cover
- 0.287%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; BingX: 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 BloFin live order book, 2 min ago | 0.50 bp | 6.5 bp −$7 | 11.9 bp −$119 | 37.0 bp −$3,698 | doesn't fit |
| Sell BingX live order book, 7 min ago | 1.00 bp | 7.7 bp −$8 | 10.3 bp −$103 | 21.1 bp −$2,114 | 44.2 bp −$22.1K |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0555% | 1h | 0.9924 | −0.101% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0248% | 1h | 0.9940 | +0.060% | $349K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9922 | −0.117% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9919 | −0.156% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.795% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0072% | 8h | 0.9912 | −0.221% | $7.0M | $8.0M | 50x | as long as short |
| OKX FIL-USDT-SWAP | +0.0082% | 8h | 0.9914 | −0.201% | $17.9M | $108.5M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9917 | −0.175% | $148K | $356K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9915 | −0.189% | $8.3M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9916 | −0.183% | $505K | $606K | 20x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
KuCoin FILUSDTM
OKX FIL-USDT-SWAP
Lighter FIL
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9912 | −0.224% | $55.8M | $186.0M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9912 | −0.221% | $15.5M | $20.5M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9915 | −0.191% | $8.2M | $16.8M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9912 | −0.221% | $230K | $106K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9911 | −0.232% | $11.2M | $19.8M | 75x | as long as short |
| BingX FIL-USDTshort | +0.0100% | 8h | 0.9914 | −0.201% | — | $11.8M | — | |
| Variational Omni FIL | +0.0100% | 8h | 0.9953 | +0.189% | $448K | $278K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9926 | −0.078% | $45K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9924 | −0.103% | $290K | $1.4M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9950 | +0.161% | $27K | $184K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9923 | −0.109% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9920 | −0.141% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9922 | −0.121% | $478 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9927 | −0.070% | $617K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9920 | −0.141% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9913 | −0.209% | $697K | $1.4M | 10x | as long as short |
| BloFin FIL-USDTlong | +0.0220% | 8h | 0.9934 | long leg | $2.7M | $676K | 75x | |
| Kraken Futures PF_FILUSD | +0.0246% | 1h | 0.9927 | −0.072% | $1.4M | $2.1M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0602% / S −0.0280% | 1h | 0.9922 | −0.121% | $265K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
Kraken Futures PF_FILUSD
GMX FIL/USD [WBTC.b-USDC]