Funding you earn now, next payment 16:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Binance+0.074%101s7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as 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−$620.622% of the position
Funding, last 7 days+0.209%+$21 on $10k
+Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.074%, 7d avg −0.006%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.080% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.006%. The two prices were read 101 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 1000LUNCUSDT | 0.00005429 | 0.0100 | pay 0.0100% / 8h | 7h 31m | $4.1M | $7.9M | 75x |
| Short | BloFin 1000LUNC-USDT | 0.00005433 | 0.0220 | get 0.0220% / 8h | 7h 31m | $393K | $36K | 75x |
Binance 1000LUNCUSDT
BloFin 1000LUNC-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
- $25.2
- Price spread: +0.074% → −0.006%
- $7.96
- Slippage, 4 orders
- −$40.18
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$29.02
- Costs to cover
- 0.622%
- Break-even
- 15.1 days
Slippage from Binance: live order book, 8 min ago; BloFin: live order book, 44 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 | 0.92 bp | 17.2 bp −$17 | 54.2 bp −$542 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 44 min ago | 2.76 bp | 14.7 bp −$15 | 39.0 bp −$390 | doesn't fit | doesn't fit |
LUNC on 11 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 kLUNC | +0.0100% | 1h | 0.00005436 | +0.129% | $283K | $98K | 3x | as long as short |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005429 | 0.000% | $47K | $16K | 10x | as long as short |
| Binance 1000LUNCUSDTlong | +0.0100% | 8h | 0.00005429 | long leg | $4.1M | $7.9M | 75x | |
| Bybit 1000LUNCUSDT | +0.0100% | 8h | 0.00005432 | +0.055% | $1.9M | $819K | 25x | as long as short |
| Gate LUNC_USDT | +0.0100% | 8h | 0.00005433 | +0.074% | $388K | $197K | 75x | as long as short |
| MEXC LUNC_USDT | +0.0100% | 8h | 0.00005429 | 0.000% | $17.2M | $1.4M | 200x | as long as short |
| KuCoin LUNCUSDTM | +0.0100% | 8h | 0.00005435 | +0.105% | $1.7M | $654K | 50x | as long as short |
| Bitget LUNCUSDT | +0.0100% | 8h | 0.00005428 | −0.018% | $1.1M | $517K | 25x | as long as short |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005428 | −0.026% | $2K | — | 10x | as long as short |
| BloFin 1000LUNC-USDTshort | +0.0220% | 8h | 0.00005433 | +0.074% | $393K | $36K | 75x |
Hyperliquid kLUNC
Aster 1000LUNCUSDT
Bybit 1000LUNCUSDT
Gate LUNC_USDT
MEXC LUNC_USDT
KuCoin LUNCUSDTM
Bitget LUNCUSDT
Extended kLUNC-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX LUNC-USDT | +0.0374% | 8h | 0.00005435 | +0.111% | — | $1.9M | — | as long as short |
BingX LUNC-USDT