Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against BingX+0.004%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1011.013% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 7 days−0.019%−$2 · spread now +0.004%, 7d avg −0.034%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.039% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX AUCTION-USDT | 3.7090 | 0.0100 | pay 0.0050% / 4h | 14m 31s | — | $16.6M | — |
| Short | Binance AUCTIONUSDT | 3.7092 | 0.0100 | get 0.0050% / 4h | 14m 31s | $2.4M | $1.7M | 50x |
BingX AUCTION-USDT
Binance AUCTIONUSDTFunding 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
- $0
- Price spread: +0.004% → −0.034%
- $3.87
- Slippage, 4 orders
- −$81.32
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$97.45
- Costs to cover
- 1.013%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Binance: live order book, 5 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, 4 min ago | 5.39 bp | 22.1 bp −$22 | 66.9 bp −$669 | 491.8 bp −$49.2K | 634.2 bp −$317.1K |
| Sell Binance live order book, 5 min ago | 1.35 bp | 29.7 bp −$30 | 135.5 bp −$1,355 | doesn't fit | doesn't fit |
AUCTION on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AUCTIONUSD | −0.1028% | 1h | 3.7056 | −0.092% | $8K | $259 | 10x | as long as short |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.7080 | −0.026% | $712 | $3K | 5x | as long as short |
| Binance AUCTIONUSDTshort | +0.0100% | 4h | 3.7092 | +0.004% | $2.4M | $1.7M | 50x | |
| Bybit AUCTIONUSDT | +0.0100% | 4h | 3.7120 | +0.081% | $588K | $266K | 25x | as long as short |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.7090 | 0.000% | $793K | $701K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.7060 | −0.081% | $103K | $68K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.7080 | −0.027% | $434K | $147K | 20x | as long as short |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.7080 | −0.027% | $342K | $123K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.7100 | +0.027% | $379K | $151K | 25x | as long as short |
| BingX AUCTION-USDTlong | +0.0100% | 4h | 3.7090 | long leg | — | $16.6M | — |
Kraken Futures PF_AUCTIONUSD
Aster AUCTIONUSDT
Bybit AUCTIONUSDT
OKX AUCTION-USDT-SWAP
Gate AUCTION_USDT
MEXC AUCTION_USDT
KuCoin AUCTIONUSDTM
Bitget AUCTIONUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AUCTION | +0.0100% | 4h | 3.7144 | +0.146% | $172 | $38 | — | as long as short |
Variational Omni AUCTION