COIN

Alert: funding

Alert: spread

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−0.035%91s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as 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−$340.338% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 4 days (all we have)+0.145%+$15 · spread now −0.035%, 7d avg −0.004%

Together, before fees−0.091%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.031% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.004%). Swap the legs. The two prices were read 91 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 COIN-USDT	197.03	0.0120	pay 0.0120% / 8h	3h 43m	$188K	$393K	20x
Short	Binance COINUSDT	196.96	0	get 0.0000% / 8h	3h 43m	$14.7M	$79.9M	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BinancebpOrdersPrice spread, now −0.035%Rate

Funding earned: −$25.2
Price spread: −0.035% → −0.004%: −$3.14
Slippage, 4 orders: −$11.79
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$62.13
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from BloFin: live order book, 52 min ago; Binance: live order book, 14 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, 52 min ago	0.76 bp	9.1 bp −$9	14.6 bp −$146	34.4 bp −$3,444	doesn't fit
Sell Binance live order book, 14 min ago	0.25 bp	7.8 bp −$8	16.3 bp −$163	47.9 bp −$4,785	doesn't fit

COIN on 26 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 COINUSDT	−0.0678%	8h	197.09	+0.030%	$6.2M	$10.4M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	197.08	+0.025%	$43K	$48K	30x	as long as short
Gate COIN_USDT	−0.0221%	8h	196.98	−0.025%	$1.2M	$7.3M	50x	as long as short
Vest COIN-USD-PERP	−0.0111%	1h	196.38	−0.330%	—	$266K	25x	as long as short
Aster COINUSDT	0.0000%	8h	197.09	+0.032%	$344K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.92	−0.058%	$117K	$689K	10x	as long as short
Binance COINUSDTshort	0.0000%	8h	196.96	−0.035%	$14.7M	$79.9M	20x
Bybit COINUSDT	0.0000%	8h	196.99	−0.020%	$4.8M	$6.0M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.94	−0.046%	$3.1M	$4.6M	20x	as long as short
Variational Omni COIN	0.0000%	8h	197.02	−0.005%	$685K	$939K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	197.03	−0.002%	$14K	$2.3M	10x	as long as short
QFEX COIN-USD	+0.0020%	1h	196.97	−0.030%	$1.3M	$3.2M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.89	−0.071%	$451K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	197.16	+0.066%	$15K	$55K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.85	−0.091%	$15.4M	$13.6M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.89	−0.071%	$134K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.92	−0.056%	$82	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.89	−0.071%	$353K	$2.7M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	196.98	−0.025%	$993K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	196.94	−0.046%	$89K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.97	−0.030%	$570	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.94	−0.046%	$116	—	10x	as long as short
BloFin COIN-USDTlong	+0.0120%	8h	197.03	long leg	$188K	$393K	20x
Phoenix COIN	+0.0122%	1h	196.93	−0.051%	$4K	$283K	10x	as long as short
Lighter COIN	+0.0136%	1h	196.93	−0.049%	$340K	$2.0M	10x	as long as short
edgeX COINUSDC	+0.0773%	4h	197.07	+0.023%	$51K	$296K	10x	as long as short