Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Binance against BloFin−0.096%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$480.478% of the position
Funding, last 7 days−0.252%−$25 on $10k
+Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.096%, 7d avg −0.007%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.089% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BE-USDT | 271.65 | 0.0120 | pay 0.0120% / 8h | 1h 25m | $45K | $147K | 20x |
| Short | Binance BEUSDT | 271.39 | 0 | get 0.0000% / 8h | 1h 25m | $8.2M | $37.2M | 25x |
BloFin BE-USDT
Binance BEUSDTFunding 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
- −$25.2
- Price spread: −0.096% → −0.007%
- −$8.91
- Slippage, 4 orders
- −$25.77
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$81.88
- Costs to cover
- 0.478%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 49 min ago; Binance: live order book, 2 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, 49 min ago | 1.65 bp | 10.1 bp −$10 | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.29 bp | 13.3 bp −$13 | 34.8 bp −$348 | 98.1 bp −$9,807 | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BE_USDT | −0.0205% | 8h | 271.30 | −0.129% | $1.4M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | −0.0144% | 8h | 271.36 | −0.107% | $1.6M | $2.6M | 20x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 271.24 | −0.151% | $341K | $125K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 271.32 | −0.120% | $46K | $251K | 10x | as long as short |
| Binance BEUSDTshort | 0.0000% | 8h | 271.39 | −0.096% | $8.2M | $37.2M | 25x | |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 271.42 | −0.085% | $2.6M | $6.9M | 25x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 271.41 | −0.088% | $7K | $157K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 271.47 | −0.066% | $1K | $2.3M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 271.57 | −0.029% | $12K | $35K | 20x | as long as short |
| Lighter BE | +0.0032% | 1h | 271.22 | −0.158% | — | — | 10x | as long as short |
Gate BE_USDT
Bitget BEUSDT
Aster BEUSDT
Extended BE-USD
OKX BE-USDT-SWAP
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
Lighter BEShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH BE | +0.0032% | 1h | 271.28 | −0.136% | $241K | $298K | 10x | as long as short |
| QFEX BE-USD | +0.0040% | 1h | 271.40 | −0.092% | $1.3M | $2.4M | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 271.19 | −0.169% | $113K | $109K | 10x | as long as short |
| Bybit BEUSDT | +0.0042% | 8h | 271.40 | −0.092% | $2.0M | $1.1M | 25x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 271.36 | −0.107% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 271.36 | −0.107% | $5.9M | $2.8M | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0056% | 1h | 270.59 | −0.390% | $473K | $130K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 271.26 | −0.144% | $367K | $18K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 271.35 | −0.110% | — | — | 10x | as long as short |
| BloFin BE-USDTlong | +0.0120% | 8h | 271.65 | long leg | $45K | $147K | 20x | |
| Deribit BE_USDC-PERPETUAL | +0.1298% | 1h | 271.66 | +0.004% | $6K | $4K | 10x | as long as short |
Lighter RH BE
QFEX BE-USD
Arcus BE-USD
Bybit BEUSDT
Vest BE-USD-PERP
tradeXYZ xyz:BE
Coinbase International BE-PERP-INTX
KuCoin BEUSDTM
Aevo BE-PERP
Deribit BE_USDC-PERPETUAL