Funding you earn now, next payment 12:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Binance+0.966%61s7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as 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−$1271.266% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 4 days (all we have)−0.330%−$33 · spread now +0.966%, 7d avg +0.004%
=The price spread pays, funding is against you. BloFin is 0.963% dearer against Binance than usual: you sell high and buy low (spread +0.966% now, against its 7-day average of +0.004%): +$96 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4 months. At the pace of the last 7 days (−0.017% in total) that is about 13 months. The two prices were read 61 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 | Binance GWEIUSDT | 0.02367 | 0.0343 | pay 0.0171% / 4h | 3h 26m | $2.6M | $5.3M | 50x |
| Short | BloFin GWEI-USDT | 0.02390 | 0.0314 | get 0.0157% / 4h | 3h 26m | $169K | $44K | 50x |
Binance GWEIUSDT
BloFin GWEI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$5.96
- Price spread: +0.966% → +0.004%
- $96.25
- Slippage, 4 orders
- −$104.64
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$36.35
- Costs to cover
- 1.266%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 39 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 Binance live order book, 11 min ago | 2.10 bp | 39.6 bp −$40 | 211.1 bp −$2,111 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 39 min ago | 6.32 bp | 31.9 bp −$32 | 112.9 bp −$1,129 | doesn't fit | doesn't fit |
GWEI on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit GWEIUSDT | +0.0100% | 4h | 0.02369 | +0.079% | $401K | $284K | 25x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02375 | +0.337% | $5K | $1K | — | as long as short |
| Gate GWEI_USDT | +0.0272% | 4h | 0.02367 | −0.005% | $405K | $598K | 10x | as long as short |
| BloFin GWEI-USDTshort | +0.0314% | 4h | 0.02390 | +0.966% | $169K | $44K | 50x | |
| MEXC GWEI_USDT | +0.0342% | 4h | 0.02367 | −0.005% | $126K | $93K | 20x | as long as short |
| Binance GWEIUSDTlong | +0.0343% | 4h | 0.02367 | long leg | $2.6M | $5.3M | 50x | |
| Extended GWEI-USD | +0.0344% | 1h | 0.02366 | −0.067% | $4K | $221K | 5x | as long as short |
| KuCoin GWEIUSDTM | +0.0512% | 4h | 0.02368 | +0.050% | $467K | $35K | 20x | as long as short |
| BingX GWEI-USDT | +0.0824% | 4h | 0.02367 | −0.005% | — | $1.6M | — | as long as short |
| Bitget GWEIUSDT | +0.0904% | 4h | 0.02365 | −0.090% | $2.0M | $492K | 20x | as long as short |
Bybit GWEIUSDT
Variational Omni GWEI
Gate GWEI_USDT
MEXC GWEI_USDT
Extended GWEI-USD
KuCoin GWEIUSDTM
BingX GWEI-USDT
Bitget GWEIUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1443% | 4h | 0.02372 | +0.199% | $19K | $32K | 10x | as long as short |
Aster GWEIUSDT