Funding you earn now, next payment 08:00 UTC−0.0034%/8h= −3.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Binance−0.063%61s7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as 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−$730.733% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.063%, 7d avg +0.018%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.081% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.018%). Swap the legs. The two prices were read 61 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 MASKUSDT | 0.4792 | 0.0100 | pay 0.0050% / 4h | 2h 30m | $2.5M | $4.4M | 50x |
| Short | BloFin MASK-USDT | 0.4789 | 0.0066 | get 0.0033% / 4h | 2h 30m | $125K | $15K | 50x |
Binance MASKUSDT
BloFin MASK-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
- −$7.22
- Price spread: −0.063% → +0.018%
- −$8.07
- Slippage, 4 orders
- −$51.33
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$88.63
- Costs to cover
- 0.733%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; BloFin: live order book, 41 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, 7 min ago | 1.04 bp | 18.2 bp −$18 | 94.3 bp −$943 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 41 min ago | 6.22 bp | 18.5 bp −$18 | 49.4 bp −$494 | doesn't fit | doesn't fit |
MASK on 10 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 MASK-USDTshort | +0.0066% | 4h | 0.4789 | −0.063% | $125K | $15K | 50x | |
| Binance MASKUSDTlong | +0.0100% | 4h | 0.4792 | long leg | $2.5M | $4.4M | 50x | |
| Bybit MASKUSDT | +0.0100% | 4h | 0.4790 | −0.042% | $1.3M | $846K | 50x | as long as short |
| OKX MASK-USDT-SWAP | +0.0100% | 8h | 0.4787 | −0.104% | $505K | $909K | 20x | as long as short |
| Gate MASK_USDT | +0.0100% | 8h | 0.4795 | +0.063% | $277K | $219K | 50x | as long as short |
| MEXC MASK_USDT | +0.0100% | 8h | 0.4786 | −0.125% | $1.0M | $239K | 50x | as long as short |
| KuCoin MASKUSDTM | +0.0100% | 4h | 0.4797 | +0.104% | $589K | $160K | 50x | as long as short |
| Bitget MASKUSDT | +0.0100% | 4h | 0.4791 | −0.021% | $519K | $355K | 50x | as long as short |
| BingX MASK-USDT | +0.0100% | 4h | 0.4788 | −0.083% | — | $2.3M | — | as long as short |
| Variational Omni MASK | +0.0100% | 4h | 0.4785 | −0.141% | $22K | $31 | — | as long as short |
Bybit MASKUSDT
OKX MASK-USDT-SWAP
Gate MASK_USDT
MEXC MASK_USDT
KuCoin MASKUSDTM
Bitget MASKUSDT
BingX MASK-USDT
Variational Omni MASK