NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.06 per $10,000 · paid last 24h −0.007%

Price spread now: Binance against BloFin−0.258%111s7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as 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−$840.837% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.258%, 7d avg +0.010%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.268% cheaper against BloFin than usual: you would sell low and buy high (spread −0.258% now, against its 7-day average of +0.010%). If the spread goes back, that is −$27 on $10k: about 3 months of funding at the current rate ($0 a day). At the pace of the last 7 days (0.000% in total) that is about years. The two prices were read 111 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 NOT-USDT	0.0005080	0.0088	pay 0.0044% / 4h	3h 27m	$111K	$18K	50x
Short	Binance NOTUSDT	0.0005067	0.0100	get 0.0050% / 4h	3h 27m	$2.1M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.258%Rate

Funding earned: $2.48
Price spread: −0.258% → +0.010%: −$26.79
Slippage, 4 orders: −$61.68
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$108
Costs to cover: 0.837%
Break-even: 312.3 days

Slippage from BloFin: live order book, 61 min ago; Binance: 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 BloFin live order book, 61 min ago	6.90 bp	21.6 bp −$22	62.7 bp −$627	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	2.95 bp	23.7 bp −$24	100.3 bp −$1,003	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
Variational Omni NOT	−0.0310%	4h	0.0005075	−0.106%	$72K	$38K	—	as long as short
KuCoin NOTUSDTM	−0.0260%	4h	0.0005056	−0.472%	$472K	$128K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.055%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDTlong	+0.0088%	4h	0.0005080	long leg	$111K	$18K	50x
Lighter 1000NOT	+0.0096%	1h	0.0005077	−0.055%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	−0.197%	$359K	$54K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005070	−0.207%	$14K	$9K	5x	as long as short
Binance NOTUSDTshort	+0.0100%	4h	0.0005067	−0.258%	$2.1M	$3.0M	50x
Bybit NOTUSDT	+0.0100%	4h	0.0005057	−0.453%	$2.1M	$847K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005064	−0.315%	$641K	$675K	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	0.0005063	−0.335%	$140K	$70K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005069	−0.217%	$1.4M	$441K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005072	−0.157%	$673K	$415K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005065	−0.295%	—	$8.7M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005068	−0.246%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSD	+0.1127%	1h	0.0005073	−0.145%	$49K	$7K	10x	as long as short