Funding you earn now, next payment 00:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.28 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against BloFin−0.231%51s7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$176as 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−$1751.753% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 3 days (all we have)+0.272%+$27 · spread now −0.231%, 7d avg −0.035%
=Funding pays, the price is against you. Binance is 0.196% cheaper against BloFin than usual: you would sell low and buy high (spread −0.231% now, against its 7-day average of −0.035%). If the spread goes back, that is −$20 on $10k: about 12 days of funding at the current rate (+$2 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 | BloFin US-USDT | 0.01647 | 0.0047 | pay 0.0024% / 4h | 2h 12m | $480K | $49K | 10x |
| Short | Binance USUSDT | 0.01643 | 0.0103 | get 0.0051% / 4h | 2h 12m | $9.2M | $3.1M | 10x |
BloFin US-USDT
Binance USUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $11.58
- Price spread: −0.231% → −0.035%
- −$19.64
- Slippage, 4 orders
- −$153.3
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$183.36
- Costs to cover
- 1.753%
- Break-even
- 117.8 days
Slippage from BloFin: live order book, 8 min ago; Binance: live order book, 12 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, 8 min ago | 3.34 bp | 37.8 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.52 bp | 48.6 bp −$49 | 226.4 bp −$2,264 | doesn't fit | doesn't fit |
US on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTM | −0.0046% | 4h | 0.01641 | −0.364% | $4.2M | $275K | 20x | as long as short |
| BloFin US-USDTlong | +0.0047% | 4h | 0.01647 | long leg | $480K | $49K | 10x | |
| Aster USUSDT | +0.0100% | 4h | 0.01643 | −0.271% | $12K | $54K | 5x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01643 | −0.249% | $3.3M | $841K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01642 | −0.298% | $2.1M | $547K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01646 | −0.035% | $16K | $3K | — | as long as short |
| MEXC US_USDT | +0.0102% | 4h | 0.01643 | −0.231% | $5.5M | $117K | 100x | as long as short |
| Binance USUSDTshort | +0.0103% | 4h | 0.01643 | −0.231% | $9.2M | $3.1M | 10x | |
| Extended US-USD | +0.0104% | 1h | 0.01643 | −0.265% | $4K | $141K | 5x | as long as short |
| Bitget USUSDT | +0.0400% | 4h | 0.01645 | −0.128% | $4.3M | $243K | 10x | as long as short |
KuCoin USUSDTM
Aster USUSDT
Bybit USUSDT
Gate US_USDT
Variational Omni US
MEXC US_USDT
Extended US-USD
Bitget USUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX US-USDT | +0.0401% | 4h | 0.01643 | −0.219% | — | $1.3M | — | as long as short |
BingX US-USDT