Funding you earn now, next payment 08:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.21 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against BingX−0.238%51s7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as 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−$750.750% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.238%, 7d avg −0.035%
=Funding pays, the price is against you. BloFin is 0.204% cheaper against BingX than usual: you would sell low and buy high (spread −0.238% now, against its 7-day average of −0.035%). If the spread goes back, that is −$20 on $10k: about 33 days of funding at the current rate (+$1 a day). The two prices were read 51 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 | BingX SUSHI-USDT | 0.2518 | 0.0100 | pay 0.0100% / 8h | 1h 50m | — | $2.5M | — |
| Short | BloFin SUSHI-USDT | 0.2512 | 0.0121 | get 0.0121% / 8h | 1h 50m | $205K | $53K | 75x |
BingX SUSHI-USDT
BloFin SUSHI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.32
- Price spread: −0.238% → −0.035%
- −$20.36
- Slippage, 4 orders
- −$52.97
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$91.01
- Costs to cover
- 0.750%
- Break-even
- 154.4 days
Slippage from BingX: live order book, 14 min ago; BloFin: live order book, 16 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 BingX live order book, 14 min ago | 5.94 bp | 19.0 bp −$19 | 39.2 bp −$392 | 612.6 bp −$61.3K | 1161.2 bp −$580.6K |
| Sell BloFin live order book, 16 min ago | 1.98 bp | 25.5 bp −$25 | 42.1 bp −$421 | 126.5 bp −$12.6K | doesn't fit |
SUSHI on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SUSHIUSDT | −0.0012% | 8h | 0.2521 | +0.119% | $998K | $742K | 50x | as long as short |
| Variational Omni SUSHI | +0.0021% | 8h | 0.2511 | −0.275% | $40K | $7K | — | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | +1.072% | $16 | $18K | 5.5x | as long as short |
| Kraken Futures PF_SUSHIUSD | +0.0064% | 1h | 0.2524 | +0.229% | $758K | $61K | 20x | as long as short |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2524 | +0.254% | $332K | $348K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2520 | +0.084% | $23K | $15K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2523 | +0.199% | $3.9M | $9.4M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2520 | +0.079% | $2.5M | $2.9M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2523 | +0.199% | $1.5M | $3.7M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2519 | +0.040% | $572K | $268K | 50x | as long as short |
Bitget SUSHIUSDT
Variational Omni SUSHI
Injective SUSHI/USDC PERP
Kraken Futures PF_SUSHIUSD
Hyperliquid SUSHI
Aster SUSHIUSDT
Binance SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2522 | +0.159% | $1.2M | $275K | 75x | as long as short |
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2517 | −0.040% | $1.2M | $246K | 50x | as long as short |
| BingX SUSHI-USDTlong | +0.0100% | 8h | 0.2518 | long leg | — | $2.5M | — | |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2520 | +0.079% | $84K | $79K | 75x | as long as short |
| BloFin SUSHI-USDTshort | +0.0121% | 8h | 0.2512 | −0.238% | $205K | $53K | 75x |
MEXC SUSHI_USDT
KuCoin SUSHIUSDTM
HTX SUSHI-USDT