Funding you earn now, next payment 04:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.19 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against BingX+0.060%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1091.085% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 3 days (all we have)+0.006%+$1 · spread now +0.060%, 7d avg +0.069%
=The price spread sits at its 7-day average of +0.069%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX INIT-USDT | 0.08318 | 0.0100 | pay 0.0050% / 4h | 3h 11m | — | $6.6M | — |
| Short | BloFin INIT-USDT | 0.08323 | 0.0061 | get 0.0031% / 4h | 3h 11m | $154K | $113K | 25x |
BingX INIT-USDT
BloFin INIT-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
- −$8.19
- Price spread: +0.060% → +0.069%
- −$0.88
- Slippage, 4 orders
- −$86.53
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$117.6
- Costs to cover
- 1.085%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; BloFin: live order book, 46 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 | 7.25 bp | 28.0 bp −$28 | 81.0 bp −$810 | 432.3 bp −$43.2K | 711.8 bp −$355.9K |
| Sell BloFin live order book, 46 min ago | 2.42 bp | 25.2 bp −$25 | 62.2 bp −$622 | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin INIT-USDTshort | +0.0061% | 4h | 0.08323 | +0.060% | $154K | $113K | 25x | |
| Hyperliquid INIT | +0.0100% | 1h | 0.08314 | −0.050% | $302K | $234K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08311 | −0.083% | $27K | $37K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08318 | 0.000% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08314 | −0.048% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08310 | −0.096% | $137K | $644K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08311 | −0.084% | $84K | $55K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08318 | 0.000% | $452K | $220K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08309 | −0.108% | $331K | $54K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08309 | −0.108% | $432K | $303K | 25x | as long as short |
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDTlong | +0.0100% | 4h | 0.08318 | long leg | — | $6.6M | — | |
| Variational Omni INIT | +0.0100% | 4h | 0.08308 | −0.119% | $26K | $23K | — | as long as short |
| Kraken Futures PF_INITUSD | +0.0191% | 1h | 0.08322 | +0.042% | $5K | $17K | 10x | as long as short |
Variational Omni INIT
Kraken Futures PF_INITUSD