Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.19 per $10,000 · paid last 24h +0.017%
Price spread now: BingX against BloFin−0.012%111s7-day average +0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$153as 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−$1631.632% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.012%, 7d avg +0.075%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.087% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.075%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.097%, so the current rate has only just turned against you. The two prices were read 111 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 | 0.01632 | 0.0562 | pay 0.0281% / 4h | 1h 57m | $480K | $49K | 10x |
| Short | BingX US-USDT | 0.01632 | 0.0524 | get 0.0262% / 4h | 1h 57m | — | $1.3M | — |
BloFin US-USDT
BingX US-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$7.9
- Price spread: −0.012% → +0.075%
- −$8.69
- Slippage, 4 orders
- −$141.15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$179.74
- Costs to cover
- 1.632%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 29 min ago; BingX: live order book, 3 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, 29 min ago | 2.44 bp | 36.7 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 7.34 bp | 26.1 bp −$26 | 52.9 bp −$529 | 655.9 bp −$65.6K | 1074.7 bp −$537.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit USUSDT | +0.0100% | 4h | 0.01632 | −0.012% | $3.2M | $935K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01631 | −0.074% | $2.1M | $598K | 20x | as long as short |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01623 | −0.588% | $4.0M | $393K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01635 | +0.178% | $16K | $3K | — | as long as short |
| Bitget USUSDT | +0.0246% | 4h | 0.01633 | +0.055% | $4.3M | $266K | 10x | as long as short |
| Aster USUSDT | +0.0381% | 4h | 0.01631 | −0.069% | $12K | $54K | 5x | as long as short |
| Binance USUSDT | +0.0511% | 4h | 0.01631 | −0.092% | $9.1M | $3.2M | 10x | as long as short |
| Extended US-USD | +0.0520% | 1h | 0.01631 | −0.072% | $1K | $169K | 5x | as long as short |
| MEXC US_USDT | +0.0522% | 4h | 0.01631 | −0.055% | $5.5M | $113K | 100x | as long as short |
| BingX US-USDTshort | +0.0524% | 4h | 0.01632 | −0.012% | — | $1.3M | — |
Bybit USUSDT
Gate US_USDT
KuCoin USUSDTM
Variational Omni US
Bitget USUSDT
Aster USUSDT
Binance USUSDT
Extended US-USD
MEXC US_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin US-USDTlong | +0.0562% | 4h | 0.01632 | long leg | $480K | $49K | 10x |