S

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.070%

Price spread now: Binance against BloFin−0.089%101s7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as 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−$860.861% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.301%−$30 on $10k

Price spread, last 4 days (all we have)+0.245%+$24 · spread now −0.089%, 7d avg +0.033%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.122% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.033%). Swap the legs. The two prices were read 101 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 S-USDT	0.04034	0.0340	pay 0.0170% / 4h	1h 05m	$277K	$115K	75x
Short	Binance SUSDT	0.04030	0.0100	get 0.0050% / 4h	1h 05m	$5.7M	$13.6M	75x

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 −0.089%Rate

Funding earned: −$50.4
Price spread: −0.089% → +0.033%: −$12.16
Slippage, 4 orders: −$64.13
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$148.69
Costs to cover: 0.861%
Break-even: never at this rate

Slippage from BloFin: live order book, 14 min ago; Binance: live order book, 5 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, 14 min ago	3.71 bp	20.4 bp −$20	64.4 bp −$644	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	2.47 bp	25.0 bp −$25	81.0 bp −$810	doesn't fit	doesn't fit

S on 25 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
01 Exchange SUSD	−0.7656%	1h	0.03950	−2.082%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2396%	1h	0.04024	−0.248%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1120%	1h	0.03961	−1.810%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04031	−0.067%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04033	−0.035%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04028	−0.152%	$621	—	150x	as long as short
Variational Omni S	+0.0010%	4h	0.04022	−0.290%	$625K	$22K	—	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.636%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0086%	4h	0.04028	−0.149%	$100K	$594K	10x	as long as short
Lighter S	+0.0096%	1h	0.04035	+0.025%	$172K	$139K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04030	−0.099%	$1.0M	$577K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04030	−0.089%	$48K	$110K	10x	as long as short
Binance SUSDTshort	+0.0100%	4h	0.04030	−0.089%	$5.7M	$13.6M	75x
Bybit SUSDT	+0.0100%	4h	0.04024	−0.248%	$5.7M	$4.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04029	−0.124%	$1.0M	$3.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04024	−0.248%	$327K	$179K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04032	−0.050%	$4.1M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04028	−0.149%	$1.8M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04031	−0.074%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04029	−0.124%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04040	+0.149%	$23K	$487K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04027	−0.183%	$232K	$396K	10x	as long as short
BloFin S-USDTlong	+0.0340%	4h	0.04034	long leg	$277K	$115K	75x
Deribit S_USDC-PERPETUAL	+0.0744%	1h	0.04030	−0.099%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1777%	1h	0.04040	+0.149%	$117K	$426K	5x	as long as short