IO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0058%/8h= −6.3% APRnext payment −$0.29 per $10,000 · paid last 24h −0.004%

Price spread now: BingX against BloFin−0.066%66s7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as 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−$890.891% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 3 days (all we have)+0.078%+$8 · spread now −0.066%, 7d avg −0.049%

Together, before fees+0.155%+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.077%, so the current rate has only just turned against you. The two prices were read 66 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 IO-USDT	0.1508	0.0158	pay 0.0079% / 4h	2h 48m	$193K	$33K	50x
Short	BingX IO-USDT	0.1507	0.0100	get 0.0050% / 4h	2h 48m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$12.15
Price spread: −0.066% → −0.049%: −$1.76
Slippage, 4 orders: −$67.13
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$103.04
Costs to cover: 0.891%
Break-even: never at this rate

Slippage from BloFin: live order book, 11 min ago; BingX: 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 BloFin live order book, 11 min ago	3.32 bp	23.4 bp −$23	61.3 bp −$613	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	6.64 bp	29.6 bp −$30	76.9 bp −$769	474.7 bp −$47.5K	714.8 bp −$357.4K

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
Hyperliquid IO	+0.0100%	1h	0.1508	−0.020%	$1.0M	$386K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1506	−0.124%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1506	−0.163%	$3.0M	$6.7M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1505	−0.199%	$1.1M	$912K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1505	−0.192%	$235K	$540K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1505	−0.199%	$1.1M	$227K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1506	−0.133%	$359K	$683K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1507	−0.066%	$1.3M	$1.2M	50x	as long as short
BingX IO-USDTshort	+0.0100%	4h	0.1507	−0.066%	—	$1.3M	—
Variational Omni IO	+0.0100%	4h	0.1504	−0.281%	$30K	$11K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1505	−0.180%	$2K	$131K	5x	as long as short
BloFin IO-USDTlong	+0.0158%	4h	0.1508	long leg	$193K	$33K	50x
Injective IO/USDC PERP	+0.1587%	1h	0.1509	+0.066%	$2K	$199	5.5x	as long as short
Kraken Futures PF_IOUSD	+2.1742%	1h	0.1506	−0.123%	$39K	$18K	10x	as long as short