Funding you earn now, next payment 04:00 UTC−0.0286%/8h= −31.3% APRnext payment −$1.43 per $10,000 · paid last 24h −0.095%
Price spread now: Binance against BingX0.000%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1481.480% of the position
Funding, last 7 days−0.453%−$45 on $10k
+Price spread, last 7 days+0.057%+$6 · spread now 0.000%, 7d avg +0.024%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.024% cheaper against BingX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.024%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX APR-USDT | 0.1467 | 0.0386 | pay 0.0193% / 4h | 1h 17m | — | $1.4M | — |
| Short | Binance APRUSDT | 0.1467 | 0.0100 | get 0.0050% / 4h | 1h 17m | $6.7M | $5.3M | 50x |
BingX APR-USDT
Binance APRUSDTFunding 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
- −$60.06
- Price spread: 0.000% → +0.024%
- −$2.44
- Slippage, 4 orders
- −$127.97
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$210.47
- Costs to cover
- 1.480%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Binance: live order book, 7 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, 5 min ago | 10.21 bp | 41.5 bp −$42 | 135.7 bp −$1,357 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 3.41 bp | 33.9 bp −$34 | 133.7 bp −$1,337 | doesn't fit | doesn't fit |
APR on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin APR-USDT | +0.0076% | 4h | 0.1471 | +0.273% | $289K | $112K | 50x | as long as short |
| Binance APRUSDTshort | +0.0100% | 4h | 0.1467 | 0.000% | $6.7M | $5.3M | 50x | |
| Bybit APRUSDT | +0.0100% | 4h | 0.1467 | +0.014% | $1.4M | $664K | 20x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1468 | +0.068% | $362K | $176K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1468 | +0.068% | $2K | $1.1M | 20x | as long as short |
| Bitget APRUSDT | +0.0200% | 4h | 0.1466 | −0.082% | $3.9M | $954K | 50x | as long as short |
| HTX APR-USDT | +0.0223% | 4h | 0.1471 | +0.273% | $19K | $58K | 20x | as long as short |
| BingX APR-USDTlong | +0.0386% | 4h | 0.1467 | long leg | — | $1.4M | — | |
| OKX APR-USDT-SWAP | +0.0412% | 4h | 0.1468 | +0.068% | $1.3M | $2.5M | 20x | as long as short |
| Gate APR_USDT | +0.0696% | 4h | 0.1467 | −0.014% | $693K | $183K | 25x | as long as short |
BloFin APR-USDT
Bybit APRUSDT
MEXC APR_USDT
SunX APR-USDT
Bitget APRUSDT
HTX APR-USDT
OKX APR-USDT-SWAP
Gate APR_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APRUSDT | +0.0820% | 4h | 0.1467 | +0.008% | $71K | $100K | 5x | as long as short |
| KuCoin APRUSDTM | +0.0906% | 4h | 0.1468 | +0.095% | $2.4M | $348K | 50x | as long as short |
Aster APRUSDT
KuCoin APRUSDTM