Funding you earn now, next payment 12:00 UTC−0.0048%/8h= −5.2% APRnext payment −$0.24 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against BloFin+0.011%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$760.764% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.011%, 7d avg −0.023%
=The price spread pays, funding is against you. Binance is 0.033% dearer against BloFin than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.023%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.012% in total) that is about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ID-USDT | 0.03801 | 0.0148 | pay 0.0074% / 4h | 2h 18m | $157K | $16K | 50x |
| Short | Binance IDUSDT | 0.03801 | 0.0100 | get 0.0050% / 4h | 2h 18m | $2.4M | $4.1M | 50x |
BloFin ID-USDT
Binance IDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$10.03
- Price spread: +0.011% → −0.023%
- $3.34
- Slippage, 4 orders
- −$54.41
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$83.1
- Costs to cover
- 0.764%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 26 min ago; Binance: live order book, 11 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, 26 min ago | 6.56 bp | 20.8 bp −$21 | 47.2 bp −$472 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 2.63 bp | 18.4 bp −$18 | 65.3 bp −$653 | doesn't fit | doesn't fit |
ID on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IDUSD | −0.0165% | 1h | 0.03797 | −0.103% | $4K | $4K | 10x | as long as short |
| Aster IDUSDT | +0.0100% | 4h | 0.03803 | +0.060% | $9K | $2K | 5x | as long as short |
| Binance IDUSDTshort | +0.0100% | 4h | 0.03801 | +0.011% | $2.4M | $4.1M | 50x | |
| Bybit IDUSDT | +0.0100% | 8h | 0.03802 | +0.026% | $1.5M | $1.2M | 25x | as long as short |
| Gate ID_USDT | +0.0100% | 4h | 0.03803 | +0.053% | $256K | $207K | 25x | as long as short |
| MEXC ID_USDT | +0.0100% | 4h | 0.03801 | 0.000% | $396K | $236K | 20x | as long as short |
| KuCoin IDUSDTM | +0.0100% | 4h | 0.03806 | +0.132% | $1.1M | $72K | 30x | as long as short |
| Bitget IDUSDT | +0.0100% | 4h | 0.03803 | +0.053% | $1.0M | $927K | 50x | as long as short |
| BingX ID-USDT | +0.0100% | 4h | 0.03807 | +0.158% | — | $2.3M | — | as long as short |
| Variational Omni ID | +0.0100% | 8h | 0.03805 | +0.098% | $12K | $94 | — | as long as short |
Kraken Futures PF_IDUSD
Aster IDUSDT
Bybit IDUSDT
Gate ID_USDT
MEXC ID_USDT
KuCoin IDUSDTM
Bitget IDUSDT
BingX ID-USDT
Variational Omni IDShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ID-USDTlong | +0.0148% | 4h | 0.03801 | long leg | $157K | $16K | 50x |