IO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.08 per $10,000 · paid last 24h 0.000%

Price spread now: BloFin against BingX0.000%111s7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as 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−$930.928% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now 0.000%, 7d avg +0.039%

Together, before fees−0.149%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.039% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.039%). Swap the legs. The two prices were read 111 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 IO-USDT	0.1512	0.0100	pay 0.0050% / 4h	3h 01m	—	$1.3M	—
Short	BloFin IO-USDT	0.1512	0.0084	get 0.0042% / 4h	3h 01m	$193K	$32K	50x

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 0.000%Rate

Funding earned: −$3.46
Price spread: 0.000% → +0.039%: −$3.92
Slippage, 4 orders: −$70.83
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$100.2
Costs to cover: 0.928%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 64 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, 5 min ago	6.63 bp	24.9 bp −$25	61.4 bp −$614	467.4 bp −$46.7K	doesn't fit
Sell BloFin live order book, 64 min ago	3.35 bp	20.1 bp −$20	53.8 bp −$538	477.7 bp −$47.8K	doesn't fit

IO 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
BloFin IO-USDTshort	+0.0084%	4h	0.1512	0.000%	$193K	$32K	50x
Hyperliquid IO	+0.0100%	1h	0.1513	+0.053%	$1.0M	$274K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1513	+0.081%	$23K	$42K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1514	+0.112%	$3.0M	$4.8M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1513	+0.066%	$1.1M	$573K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1512	+0.033%	$225K	$456K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1511	−0.066%	$1.2M	$218K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1512	0.000%	$347K	$192K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1513	+0.066%	$1.4M	$922K	50x	as long as short
BingX IO-USDTlong	+0.0100%	4h	0.1512	long leg	—	$1.3M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1506	−0.413%	$30K	$18K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1513	+0.083%	$2K	$210K	5x	as long as short
Injective IO/USDC PERP	+0.0277%	1h	0.1492	−1.323%	$2K	$196	5.5x	as long as short
Kraken Futures PF_IOUSD	+3.9397%	1h	0.1515	+0.214%	$39K	$7K	10x	as long as short