Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.20 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against Binance−0.145%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1041.041% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.265%+$26 · spread now −0.145%, 7d avg +0.011%
=Funding pays, the price is against you. BloFin is 0.156% cheaper against Binance than usual: you would sell low and buy high (spread −0.145% now, against its 7-day average of +0.011%). If the spread goes back, that is −$16 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.005% in total) that is about 8 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MEUSDT | 0.07596 | 0.0100 | pay 0.0050% / 4h | 20m 33s | $2.2M | $4.0M | 50x |
| Short | BloFin ME-USDT | 0.07585 | 0.0140 | get 0.0070% / 4h | 20m 33s | $110K | $8K | 50x |
Binance MEUSDT
BloFin ME-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
- $8.43
- Price spread: −0.145% → +0.011%
- −$15.61
- Slippage, 4 orders
- −$82.09
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$111.26
- Costs to cover
- 1.041%
- Break-even
- 99.3 days
Slippage from Binance: live order book, 1 min ago; BloFin: live order book, 8 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, 1 min ago | 2.63 bp | 29.2 bp −$29 | 299.4 bp −$2,994 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 8 min ago | 1.98 bp | 18.4 bp −$18 | 53.7 bp −$537 | doesn't fit | doesn't fit |
ME on 13 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 ME | +0.0100% | 1h | 0.07593 | −0.039% | $240K | $108K | 3x | as long as short |
| Aster MEUSDT | +0.0100% | 4h | 0.07593 | −0.046% | $13K | $20K | 5x | as long as short |
| Binance MEUSDTlong | +0.0100% | 4h | 0.07596 | long leg | $2.2M | $4.0M | 50x | |
| Bybit MEUSDT | +0.0100% | 4h | 0.07593 | −0.039% | $1.6M | $775K | 25x | as long as short |
| OKX ME-USDT-SWAP | +0.0100% | 4h | 0.07587 | −0.118% | $490K | $1.1M | 20x | as long as short |
| Gate ME_USDT | +0.0100% | 8h | 0.07580 | −0.211% | $193K | $71K | 50x | as long as short |
| MEXC ME_USDT | +0.0100% | 4h | 0.07593 | −0.039% | $504K | $132K | 20x | as long as short |
| KuCoin MEUSDTM | +0.0100% | 4h | 0.07583 | −0.171% | $211K | $30K | 30x | as long as short |
| Bitget MEUSDT | +0.0100% | 4h | 0.07595 | −0.013% | $660K | $429K | 25x | as long as short |
| BingX ME-USDT | +0.0100% | 4h | 0.07598 | +0.026% | — | $1.3M | — | as long as short |
Hyperliquid ME
Aster MEUSDT
Bybit MEUSDT
OKX ME-USDT-SWAP
Gate ME_USDT
MEXC ME_USDT
KuCoin MEUSDTM
Bitget MEUSDT
BingX ME-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ME | +0.0100% | 4h | 0.07586 | −0.130% | $12K | $2K | — | as long as short |
| BloFin ME-USDTshort | +0.0140% | 4h | 0.07585 | −0.145% | $110K | $8K | 50x | |
| Reya MERUSDPERP | +0.0228% | 1h | 0.07589 | −0.090% | $27K | — | 15x | as long as short |
Variational Omni ME
Reya MERUSDPERP