Funding you earn now, next payment 08:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.27 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against BloFin−0.024%51s7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as 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−$1321.323% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.024%, 7d avg −0.006%
=The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. 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 | BloFin INIT-USDT | 0.08396 | 0.0154 | pay 0.0077% / 4h | 3h 56m | $152K | $114K | 25x |
| Short | Binance INITUSDT | 0.08394 | 0.0100 | get 0.0050% / 4h | 3h 56m | $3.5M | $4.0M | 25x |
BloFin INIT-USDT
Binance INITUSDTFunding 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
- −$11.29
- Price spread: −0.024% → −0.006%
- −$1.8
- Slippage, 4 orders
- −$110.26
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$145.35
- Costs to cover
- 1.323%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 33 min ago; Binance: live order book, 10 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, 33 min ago | 4.23 bp | 30.2 bp −$30 | 64.3 bp −$643 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.21 bp | 38.9 bp −$39 | 79.6 bp −$796 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | −0.5322% | 1h | 0.08398 | +0.019% | $5K | $24K | 10x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08387 | −0.107% | $314K | $239K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08385 | −0.131% | $28K | $39K | 5x | as long as short |
| Binance INITUSDTshort | +0.0100% | 4h | 0.08394 | −0.024% | $3.5M | $4.0M | 25x | |
| Bybit INITUSDT | +0.0100% | 4h | 0.08381 | −0.179% | $1.5M | $1.6M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08391 | −0.060% | $141K | $718K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08380 | −0.191% | $83K | $57K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08393 | −0.036% | $451K | $209K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08389 | −0.083% | $324K | $61K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08393 | −0.036% | $432K | $337K | 25x | as long as short |
Kraken Futures PF_INITUSD
Hyperliquid INIT
Aster 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-USDT | +0.0100% | 4h | 0.08403 | +0.083% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08390 | −0.071% | $27K | $23K | — | as long as short |
| BloFin INIT-USDTlong | +0.0154% | 4h | 0.08396 | long leg | $152K | $114K | 25x |
BingX INIT-USDT
Variational Omni INIT