Funding you earn now, next payment 00:00 UTC+0.0500%/8h= +54.7% APRnext payment +$2.50 per $10,000 · paid last 24h +0.031%
Price spread now: BingX against Binance0.000%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1231.233% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 7 days+0.044%+$4 · spread now 0.000%, 7d avg +0.035%
=Funding pays, the price is against you. BingX is 0.035% cheaper against Binance than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.035%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.031% in total) that is about 7.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.031% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.50 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 | Binance AWEUSDT | 0.06399 | 0.0100 | pay 0.0050% / 4h | 9m 00s | $2.2M | $1.4M | 40x |
| Short | BingX AWE-USDT | 0.06399 | 0.0600 | get 0.0300% / 4h | 9m 00s | — | $6.6M | — |
Binance AWEUSDT
BingX AWE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- $105
- Price spread: 0.000% → +0.035%
- −$3.46
- Slippage, 4 orders
- −$103.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$21.79
- Costs to cover
- 1.233%
- Break-even
- 8.5 days
Slippage from Binance: live order book, 11 min ago; BingX: 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 Binance live order book, 11 min ago | 2.34 bp | 30.4 bp −$30 | 136.1 bp −$1,361 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 4.69 bp | 32.5 bp −$32 | 100.0 bp −$1,000 | 670.7 bp −$67.1K | doesn't fit |
AWE on 9 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 AWE-USDT | +0.0048% | 4h | 0.06402 | +0.047% | $143K | $23K | 40x | as long as short |
| Aster AWEUSDT | +0.0100% | 4h | 0.06392 | −0.105% | $2K | $8K | 5x | as long as short |
| Binance AWEUSDTlong | +0.0100% | 4h | 0.06399 | long leg | $2.2M | $1.4M | 40x | |
| MEXC AWE_USDT | +0.0100% | 4h | 0.06400 | +0.016% | $1.1M | $133K | 20x | as long as short |
| Bitget AWEUSDT | +0.0100% | 4h | 0.06405 | +0.086% | $438K | $255K | 40x | as long as short |
| Gate AWE_USDT | +0.0121% | 8h | 0.06398 | −0.016% | $47K | $40K | 25x | as long as short |
| KuCoin AWEUSDTM | +0.0134% | 4h | 0.06405 | +0.094% | $151K | $65K | 20x | as long as short |
| BingX AWE-USDTshort | +0.0600% | 4h | 0.06399 | 0.000% | — | $6.6M | — | |
| Bybit AWEUSDT | +0.0690% | 4h | 0.06399 | 0.000% | $537K | $221K | 25x | as long as short |
BloFin AWE-USDT
Aster AWEUSDT
MEXC AWE_USDT
Bitget AWEUSDT
Gate AWE_USDT
KuCoin AWEUSDTM
Bybit AWEUSDT