NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.08 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Binance+0.059%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$740.741% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.010%+$1 · spread now +0.059%, 7d avg −0.001%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.060% dearer against Binance than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.001%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 7 days (−0.001% in total) that is about 14 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOTUSDT	0.0005097	0.0100	pay 0.0050% / 4h	3h 32m	$2.1M	$3.1M	50x
Short	BloFin NOT-USDT	0.0005100	0.0085	get 0.0042% / 4h	3h 32m	$112K	$17K	50x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BloFinbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$3.23
Price spread: +0.059% → −0.001%: $5.99
Slippage, 4 orders: −$52.14
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$71.39
Costs to cover: 0.741%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; BloFin: live order book, 22 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, 3 min ago	0.98 bp	18.7 bp −$19	121.8 bp −$1,218	doesn't fit	doesn't fit
Sell BloFin live order book, 22 min ago	3.93 bp	16.1 bp −$16	51.0 bp −$510	doesn't fit	doesn't fit

NOT on 16 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_NOTUSD	−0.0333%	1h	0.0005097	−0.004%	$50K	$10K	10x	as long as short
Variational Omni NOT	−0.0123%	4h	0.0005093	−0.084%	$72K	$39K	—	as long as short
Bybit NOTUSDT	+0.0011%	4h	0.0005094	−0.059%	$2.1M	$825K	25x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.375%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDTshort	+0.0085%	4h	0.0005100	+0.059%	$112K	$17K	50x
Lighter 1000NOT	+0.0096%	1h	0.0005105	+0.157%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005100	+0.059%	$373K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005098	+0.012%	$14K	$9K	5x	as long as short
Binance NOTUSDTlong	+0.0100%	4h	0.0005097	long leg	$2.1M	$3.1M	50x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005096	−0.020%	$633K	$611K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005095	−0.039%	$142K	$79K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005097	0.000%	$1.4M	$464K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005096	−0.020%	$465K	$136K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005098	+0.020%	$669K	$392K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005100	+0.059%	—	$721K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005096	−0.022%	$4K	$491	5x	as long as short