Funding you earn now, next payment 08:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.37 per $10,000 · paid last 24h +0.071%
Price spread now: BloFin against BingX+0.061%66s7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as 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−$740.736% of the position
Funding, last 7 days+0.499%+$50 on $10k
+Price spread, last 4 days (all we have)−0.269%−$27 · spread now +0.061%, 7d avg +0.005%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.056% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.005%. The two prices were read 66 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 USELESS-USDT | 0.2628 | 0.0372 | pay 0.0186% / 4h | 3h 50m | — | $5.3M | — |
| Short | BloFin USELESS-USDT | 0.2630 | 0.0447 | get 0.0224% / 4h | 3h 50m | $1.1M | $1.9M | 12x |
BingX USELESS-USDT
BloFin USELESS-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
- $15.75
- Price spread: +0.061% → +0.005%
- $5.62
- Slippage, 4 orders
- −$51.59
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$52.23
- Costs to cover
- 0.736%
- Break-even
- 30.2 days
Slippage from BingX: live order book, 10 min ago; BloFin: 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 BingX live order book, 10 min ago | 2.67 bp | 22.1 bp −$22 | 54.7 bp −$547 | 421.4 bp −$42.1K | doesn't fit |
| Sell BloFin live order book, 3 min ago | 5.51 bp | 18.2 bp −$18 | 33.0 bp −$330 | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2624 | −0.148% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2629 | +0.021% | $28K | $47K | 3x | as long as short |
| Bybit USELESSUSDT | +0.0100% | 4h | 0.2626 | −0.095% | $24.8M | $48.5M | 13x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2623 | −0.190% | $6.5M | $8.6M | 50x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2623 | −0.205% | $27K | $229K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2623 | −0.205% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2626 | −0.061% | $18K | $522K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2626 | −0.072% | $600K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0164% | 4h | 0.2629 | +0.027% | $8.9M | $63.8M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0168% | 1h | 0.2622 | −0.241% | $9K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
Bybit USELESSUSDT
Gate USELESS_USDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0208% | 4h | 0.2620 | −0.301% | $4.8M | $10.7M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0224% | 4h | 0.2626 | −0.084% | $5.0M | $10.3M | 20x | as long as short |
| Binance USELESSUSDT | +0.0359% | 4h | 0.2624 | −0.158% | $21.8M | $121.7M | 50x | as long as short |
| Extended USELESS-USD | +0.0360% | 1h | 0.2622 | −0.237% | $112K | $1.1M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0364% | 4h | 0.2623 | −0.202% | $10.6M | $6.0M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0369% | 4h | 0.2634 | +0.214% | $20K | $196K | 10x | as long as short |
| BingX USELESS-USDTlong | +0.0372% | 4h | 0.2628 | long leg | — | $5.3M | — | |
| Aster USELESSUSDT | +0.0393% | 4h | 0.2622 | −0.235% | $519K | $2.4M | 10x | as long as short |
| BloFin USELESS-USDTshort | +0.0447% | 4h | 0.2630 | +0.061% | $1.1M | $1.9M | 12x | |
| Hyperliquid USELESS | +0.0537% | 1h | 0.2627 | −0.046% | $11.5M | $22.6M | 3x | as long as short |
| Variational Omni USELESS | +0.0559% | 4h | 0.2630 | +0.076% | $1.0M | $1.8M | — | as long as short |
| ApeX Omni USELESSUSDT | +0.0666% | 1h | 0.2634 | +0.228% | $36K | $695K | 25x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1301% | 4h | 0.2625 | −0.103% | $19K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2780 | +5.784% | $5K | $11K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Bitget USELESSUSDT
Binance USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
edgeX USELESSUSDC
Aster USELESSUSDT
Hyperliquid USELESS
Variational Omni USELESS
ApeX Omni USELESSUSDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP