RED

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.10 per $10,000 · paid last 24h −0.008%

Price spread now: BloFin against Binance+0.183%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1231.232% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.183%, 7d avg +0.086%

Together, before fees−0.107%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.096% dearer against Binance than usual: you sell high and buy low (spread +0.183% now, against its 7-day average of +0.086%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance REDUSDT	0.1534	0.0100	pay 0.0050% / 4h	48m 33s	$2.2M	$4.1M	50x
Short	BloFin RED-USDT	0.1537	0.0080	get 0.0040% / 4h	48m 33s	$216K	$6K	25x

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 +0.183%Rate

Funding earned: −$4.2
Price spread: +0.183% → +0.086%: $9.63
Slippage, 4 orders: −$101.16
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$117.74
Costs to cover: 1.232%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 50 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, 11 min ago	3.25 bp	31.2 bp −$31	155.6 bp −$1,556	doesn't fit	doesn't fit
Sell BloFin live order book, 50 min ago	0.96 bp	37.1 bp −$37	doesn't fit	doesn't fit	doesn't fit

RED on 10 exchanges

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
Aster REDUSDT	+0.0057%	4h	0.1535	+0.037%	$28K	$36K	5x	as long as short
BloFin RED-USDTshort	+0.0080%	4h	0.1537	+0.183%	$216K	$6K	25x
Binance REDUSDTlong	+0.0100%	4h	0.1534	long leg	$2.2M	$4.1M	50x
Bybit REDUSDT	+0.0100%	4h	0.1534	0.000%	$1.8M	$1.8M	25x	as long as short
Gate RED_USDT	+0.0100%	4h	0.1532	−0.130%	$349K	$87K	25x	as long as short
Bitget REDUSDT	+0.0100%	4h	0.1537	+0.196%	$772K	$307K	20x	as long as short
Variational Omni RED	+0.0100%	4h	0.1537	+0.192%	$27K	$3K	—	as long as short
SunX RED-USDT	+0.0100%	4h	0.1567	+2.151%	$2K	$863K	20x	as long as short
Extended RED-USD	+0.0104%	1h	0.1533	−0.034%	$31	—	5x	as long as short
MEXC RED_USDT	+0.0318%	4h	0.1534	0.000%	$498K	$166K	20x	as long as short