Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against Binance−0.011%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1481.484% of the position
Funding, last 7 days+0.440%+$44 on $10k
+Price spread, last 7 days+0.081%+$8 · spread now −0.011%, 7d avg +0.057%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.068% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.057%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.440%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance AXLUSDT | 0.05244 | 0.0100 | pay 0.0050% / 4h | 2h 50m | $1.9M | $4.1M | 50x |
| Short | BingX AXL-USDT | 0.05243 | 0.0070 | get 0.0035% / 4h | 2h 50m | — | $2.3M | — |
Binance AXLUSDT
BingX AXL-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
- −$6.3
- Price spread: −0.011% → +0.057%
- −$6.8
- Slippage, 4 orders
- −$128.44
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$161.55
- Costs to cover
- 1.484%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; BingX: live order book, 13 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, 2 min ago | 2.86 bp | 32.3 bp −$32 | 165.9 bp −$1,659 | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 7.63 bp | 38.5 bp −$39 | 141.1 bp −$1,411 | 655.2 bp −$65.5K | 865.0 bp −$432.5K |
AXL 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 AXL-USDT | +0.0055% | 4h | 0.05242 | −0.030% | $124K | $12K | 50x | as long as short |
| BingX AXL-USDTshort | +0.0070% | 4h | 0.05243 | −0.011% | — | $2.3M | — | |
| Aster AXLUSDT | +0.0100% | 4h | 0.05248 | +0.086% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDTlong | +0.0100% | 4h | 0.05244 | long leg | $1.9M | $4.1M | 50x | |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05248 | +0.085% | $1.5M | $1.9M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05244 | +0.009% | $343K | $158K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05246 | +0.047% | $439K | $94K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05248 | +0.085% | $576K | $295K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05242 | −0.039% | $5K | $23K | — | as long as short |
BloFin AXL-USDT
Aster AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL