Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.33 per $10,000 · paid last 24h −0.036%
Price spread now: BingX against BloFin−0.055%51s7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as 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−$700.703% of the position
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.055%, 7d avg +0.041%
=Funding pays, the price is against you. BingX is 0.096% cheaper against BloFin than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.041%). If the spread goes back, that is −$10 on $10k: about 9.7 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.189%, so the current rate has only just turned in your favour. 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 1000LUNC-USDT | 0.00005454 | 0.0220 | pay 0.0220% / 8h | 3h 26m | $386K | $37K | 75x |
| Short | BingX LUNC-USDT | 0.00005451 | 0.0253 | get 0.0253% / 8h | 3h 26m | — | $2.0M | — |
BloFin 1000LUNC-USDT
BingX LUNC-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $6.93
- Price spread: −0.055% → +0.041%
- −$9.6
- Slippage, 4 orders
- −$48.29
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$72.97
- Costs to cover
- 0.703%
- Break-even
- 80.7 days
Slippage from BloFin: live order book, 4 min ago; BingX: 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 BloFin live order book, 4 min ago | 2.75 bp | 17.4 bp −$17 | 37.6 bp −$376 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 3.67 bp | 18.1 bp −$18 | 48.7 bp −$487 | 424.5 bp −$42.5K | 902.1 bp −$451.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC LUNC_USDT | −0.0300% | 8h | 0.00005451 | −0.055% | $17.2M | $1.3M | 200x | as long as short |
| Hyperliquid kLUNC | +0.0100% | 1h | 0.00005460 | +0.105% | $284K | $114K | 3x | as long as short |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005452 | −0.028% | $47K | $15K | 10x | as long as short |
| Binance 1000LUNCUSDT | +0.0100% | 8h | 0.00005451 | −0.055% | $4.1M | $7.9M | 75x | as long as short |
| Gate LUNC_USDT | +0.0100% | 8h | 0.00005459 | +0.092% | $391K | $236K | 75x | as long as short |
| Bitget LUNCUSDT | +0.0100% | 8h | 0.00005447 | −0.128% | $1.2M | $517K | 25x | as long as short |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005449 | −0.084% | $2K | — | 10x | as long as short |
| BloFin 1000LUNC-USDTlong | +0.0220% | 8h | 0.00005454 | long leg | $386K | $37K | 75x | |
| BingX LUNC-USDTshort | +0.0253% | 8h | 0.00005451 | −0.055% | — | $2.0M | — | |
| Bybit 1000LUNCUSDT | +0.0268% | 8h | 0.00005456 | +0.037% | $1.9M | $773K | 25x | as long as short |
MEXC LUNC_USDT
Hyperliquid kLUNC
Aster 1000LUNCUSDT
Binance 1000LUNCUSDT
Gate LUNC_USDT
Bitget LUNCUSDT
Extended kLUNC-USD
Bybit 1000LUNCUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LUNCUSDTM | +0.0409% | 8h | 0.00005456 | +0.046% | $1.7M | $672K | 50x | as long as short |
KuCoin LUNCUSDTM