Funding you earn now, next payment 04:00 UTC+0.1410%/8h= +154.4% APRnext payment +$7.05 per $10,000 · paid last 24h +0.113%
Price spread now: Binance against BingX+0.018%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1851.852% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 7 days+0.010%+$1 · spread now +0.018%, 7d avg +0.056%
=Funding pays, the price is against you. Binance is 0.038% cheaper against BingX than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.056%). If the spread goes back, that is −$4 on $10k: about 2 hours of funding at the current rate (+$42 a day). At the pace of the last 7 days (+0.110% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.110% in total (about 5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.05 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ALCH-USDT | 0.05429 | 0.0070 | pay 0.0035% / 4h | 2h 31m | — | $6.7M | — |
| Short | Binance ALCHUSDT | 0.05430 | 0.1480 | get 0.0740% / 4h | 2h 31m | $6.6M | $25.8M | 10x |
BingX ALCH-USDT
Binance ALCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $296.11
- Price spread: +0.018% → +0.056%
- −$3.79
- Slippage, 4 orders
- −$165.21
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $107.11
- Costs to cover
- 1.852%
- Break-even
- 4.5 days
Slippage from BingX: live order book, 11 min ago; Binance: live order book, 10 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, 11 min ago | 10.37 bp | 39.6 bp −$40 | 297.0 bp −$2,970 | 687.7 bp −$68.8K | 861.2 bp −$430.6K |
| Sell Binance live order book, 10 min ago | 5.65 bp | 53.9 bp −$54 | 231.6 bp −$2,316 | doesn't fit | doesn't fit |
ALCH on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX ALCH-USDTlong | +0.0070% | 4h | 0.05429 | long leg | — | $6.7M | — | |
| Bybit ALCHUSDT | +0.0100% | 4h | 0.05424 | −0.092% | $3.3M | $5.6M | 20x | as long as short |
| Gate ALCH_USDT | +0.0100% | 4h | 0.05438 | +0.166% | $295K | $635K | 20x | as long as short |
| Bitget ALCHUSDT | +0.0100% | 4h | 0.05431 | +0.037% | $1.0M | $1.5M | 10x | as long as short |
| Variational Omni ALCH | +0.0100% | 4h | 0.05428 | −0.025% | $3K | $17K | — | as long as short |
| Aster ALCHUSDT | +0.1379% | 4h | 0.05448 | +0.350% | $13K | $84K | 5x | as long as short |
| MEXC ALCH_USDT | +0.1480% | 4h | 0.05436 | +0.129% | $5.2M | $2.3M | 100x | as long as short |
| Binance ALCHUSDTshort | +0.1480% | 4h | 0.05430 | +0.018% | $6.6M | $25.8M | 10x | |
| KuCoin ALCHUSDTM | +0.1734% | 4h | 0.05423 | −0.111% | $1.3M | $254K | 10x | as long as short |
| Kraken Futures PF_ALCHUSD | +0.4162% | 1h | 0.05427 | −0.032% | $10K | $28K | 10x | as long as short |
Bybit ALCHUSDT
Gate ALCH_USDT
Bitget ALCHUSDT
Variational Omni ALCH
Aster ALCHUSDT
MEXC ALCH_USDT
KuCoin ALCHUSDTM
Kraken Futures PF_ALCHUSD