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 −0.068%

Price spread now: BingX against BloFin−0.972%81s7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$119as 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−$960.962% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.225%−$23 on $10k

Price spread, last 4 days (all we have)+1.125%+$112 · spread now −0.972%, 7d avg +0.018%

Together, before fees+0.900%+$90 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 BingX is 0.990% cheaper against BloFin than usual: you would sell low and buy high (−$99 if the spread goes back to its 7-day average of +0.018%). Swap the legs. The two prices were read 81 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	0.04012	0.0340	pay 0.0170% / 4h	2h 33m	$277K	$108K	75x
Short	BingX S-USDT	0.03973	0.0100	get 0.0050% / 4h	2h 33m	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.972%Rate

Funding earned: −$50.4
Price spread: −0.972% → +0.018%: −$99.04
Slippage, 4 orders: −$74.19
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$245.62
Costs to cover: 0.962%
Break-even: never at this rate

Slippage from BloFin: live order book, 55 min ago; BingX: live order book, 4 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, 55 min ago	5.05 bp	27.1 bp −$27	72.2 bp −$722	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	5.09 bp	24.6 bp −$25	79.4 bp −$794	423.9 bp −$42.4K	762.9 bp −$381.4K

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	−0.8648%	1h	0.03850	−4.038%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1828%	1h	0.03979	−0.814%	$34K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1232%	1h	0.03976	−0.897%	$48K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03985	−0.678%	$1K	—	100x	as long as short
Variational Omni S	−0.0125%	4h	0.03973	−0.975%	$617K	$30K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03984	−0.701%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03987	−0.618%	$615	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.193%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0083%	4h	0.03986	−0.648%	$99K	$505K	10x	as long as short
Lighter S	+0.0096%	1h	0.03991	−0.523%	$169K	$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	0.03973	−0.972%	$1.0M	$594K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03979	−0.816%	$46K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03974	−0.947%	$5.6M	$13.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03966	−1.147%	$5.7M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03972	−0.997%	$985K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03973	−0.972%	$323K	$185K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03974	−0.947%	$3.6M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03977	−0.872%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03975	−0.922%	$1.2M	$2.3M	50x	as long as short
BingX S-USDTshort	+0.0100%	4h	0.03973	−0.972%	—	$6.8M	—
ApeX Omni SUSDT	+0.0100%	1h	0.03940	−1.795%	$4K	$474K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03971	−1.011%	$224K	$596K	10x	as long as short
BloFin S-USDTlong	+0.0340%	4h	0.04012	long leg	$277K	$108K	75x
Deribit S_USDC-PERPETUAL	+0.1004%	1h	0.03991	−0.523%	$67K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1988%	1h	0.04000	−0.299%	$116K	$426K	5x	as long as short