Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.26 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Binance+0.207%91s7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as 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−$750.754% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.207%, 7d avg +0.025%
=The price spread pays, funding is against you. BloFin is 0.182% dearer against Binance than usual: you sell high and buy low (spread +0.207% now, against its 7-day average of +0.025%): +$18 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days. At the pace of the last 7 days (−0.006% in total) that is about 8 months. The two prices were read 91 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 | Binance IOTAUSDT | 0.04825 | 0.0100 | pay 0.0100% / 8h | 5h 29m | $3.5M | $5.9M | 75x |
| Short | BloFin IOTA-USDT | 0.04835 | 0.0074 | get 0.0074% / 8h | 5h 29m | $171K | $44K | 75x |
Binance IOTAUSDT
BloFin IOTA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$5.52
- Price spread: +0.207% → +0.025%
- $18.18
- Slippage, 4 orders
- −$53.45
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$62.79
- Costs to cover
- 0.754%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; BloFin: live order book, 7 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 Binance live order book, 8 min ago | 3.13 bp | 16.8 bp −$17 | 65.0 bp −$650 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 7 min ago | 2.09 bp | 22.3 bp −$22 | 52.6 bp −$526 | doesn't fit | doesn't fit |
IOTA on 12 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_IOTAUSD | −0.0195% | 1h | 0.04826 | +0.021% | $18K | $12K | 10x | as long as short |
| BloFin IOTA-USDTshort | +0.0074% | 8h | 0.04835 | +0.207% | $171K | $44K | 75x | |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04829 | +0.075% | $905K | $400K | 3x | as long as short |
| Binance IOTAUSDTlong | +0.0100% | 8h | 0.04825 | long leg | $3.5M | $5.9M | 75x | |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04829 | +0.083% | $2.3M | $1.5M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04826 | +0.021% | $566K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04824 | −0.021% | $838K | $260K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04825 | 0.000% | $596K | $172K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04831 | +0.124% | $1.8M | $715K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04826 | +0.021% | — | $2.3M | — | as long as short |
Kraken Futures PF_IOTAUSD
Hyperliquid IOTA
Bybit IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni IOTA | +0.0100% | 8h | 0.04829 | +0.073% | $38K | $36K | — | as long as short |
| KuCoin IOTAUSDTM | +0.0865% | 8h | 0.04826 | +0.021% | $2.8M | $241K | 30x | as long as short |
Variational Omni IOTA
KuCoin IOTAUSDTM