Funding you earn now, next payment 04:00 UTC−0.0121%/8h= −13.3% APRnext payment −$0.61 per $10,000 · paid last 24h −0.012%
Price spread now: BloFin against BingX−0.043%81s7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as 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−$1151.148% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 3 days (all we have)+0.294%+$29 · spread now −0.043%, 7d avg +0.032%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.075% cheaper against BingX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.032%). Swap the legs. The two prices were read 81 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 GWEI-USDT | 0.02317 | 0.0674 | pay 0.0337% / 4h | 3h 31m | — | $1.6M | — |
| Short | BloFin GWEI-USDT | 0.02316 | 0.0553 | get 0.0276% / 4h | 3h 31m | $173K | $30K | 50x |
BingX GWEI-USDT
BloFin GWEI-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
- −$25.51
- Price spread: −0.043% → +0.032%
- −$7.53
- Slippage, 4 orders
- −$92.81
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$147.84
- Costs to cover
- 1.148%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; BloFin: live order book, 25 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, 11 min ago | 6.45 bp | 36.7 bp −$37 | 102.4 bp −$1,024 | 866.9 bp −$86.7K | 1287.3 bp −$643.7K |
| Sell BloFin live order book, 25 min ago | 2.15 bp | 34.1 bp −$34 | 100.9 bp −$1,009 | 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 | 0.02320 | +0.129% | $381K | $126K | 25x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02318 | +0.049% | $4K | $55 | — | as long as short |
| Gate GWEI_USDT | +0.0170% | 4h | 0.02315 | −0.073% | $388K | $403K | 10x | as long as short |
| KuCoin GWEIUSDTM | +0.0324% | 4h | 0.02315 | −0.099% | $465K | $20K | 20x | as long as short |
| BloFin GWEI-USDTshort | +0.0553% | 4h | 0.02316 | −0.043% | $173K | $30K | 50x | |
| MEXC GWEI_USDT | +0.0580% | 4h | 0.02319 | +0.086% | $106K | $87K | 20x | as long as short |
| Binance GWEIUSDT | +0.0583% | 4h | 0.02319 | +0.086% | $2.4M | $2.7M | 50x | as long as short |
| Extended GWEI-USD | +0.0584% | 1h | 0.02318 | +0.063% | $7K | $145K | 5x | as long as short |
| BingX GWEI-USDTlong | +0.0674% | 4h | 0.02317 | long leg | — | $1.6M | — | |
| Bitget GWEIUSDT | +0.0694% | 4h | 0.02313 | −0.173% | $1.9M | $219K | 20x | as long as short |
Bybit GWEIUSDT
Variational Omni GWEI
Gate GWEI_USDT
KuCoin GWEIUSDTM
MEXC GWEI_USDT
Binance GWEIUSDT
Extended GWEI-USD
Bitget GWEIUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1558% | 4h | 0.02319 | +0.071% | $18K | $17K | 10x | as long as short |
Aster GWEIUSDT