H

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.003%

Price spread now: BloFin against BingX−0.178%51s7-day average +0.092% · 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−$1191.189% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+1.698%+$170 · spread now −0.178%, 7d avg +0.092%

Together, before fees+1.699%+$170 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.269% cheaper against BingX than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.092%). Swap the legs. The two prices were read 51 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 H-USDT	0.06758	0.0100	pay 0.0050% / 4h	2h 58m	—	$2.7M	—
Short	BloFin H-USDT	0.06746	0.0042	get 0.0021% / 4h	2h 58m	$576K	$102K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BloFinbpOrdersPrice spread, now −0.178%Rate

Funding earned: −$12.27
Price spread: −0.178% → +0.092%: −$26.91
Slippage, 4 orders: −$96.9
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$158.08
Costs to cover: 1.189%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; BloFin: live order book, 13 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, 2 min ago	3.70 bp	21.0 bp −$21	167.4 bp −$1,674	992.5 bp −$99.3K	1347.8 bp −$673.9K
Sell BloFin live order book, 13 min ago	1.47 bp	44.6 bp −$45	doesn't fit	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−7.517%	$1K	$1	5.5x	as long as short
BloFin H-USDTshort	+0.0042%	4h	0.06746	−0.178%	$576K	$102K	25x
Aster HUSDT	+0.0100%	4h	0.06749	−0.130%	$106K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06753	−0.075%	$14.3M	$10.4M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06743	−0.225%	$7.4M	$4.8M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06752	−0.089%	$1.7M	$6.1M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06747	−0.163%	$2.8M	$1.6M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06759	+0.015%	$6.0M	$1.0M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06758	0.000%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06743	−0.222%	$1.7M	$413K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDTlong	+0.0100%	4h	0.06758	long leg	—	$2.7M	—
Variational Omni H	+0.0100%	4h	0.06767	+0.137%	$9K	$3K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06798	+0.598%	$1.1M	$411K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06748	−0.145%	$9K	$208K	5x	as long as short