Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.009%
Price spread now: Binance against BingX+0.059%7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1321.317% of the position
Funding, last 7 days−0.403%−$40 on $10k
+Price spread, last 7 days−0.110%−$11 · spread now +0.059%, 7d avg −0.056%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.115% dearer against BingX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.056%. Mind the row above: over the last 7 days funding on this pair cost −0.403%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX AXL-USDT | 0.05220 | 0.0070 | pay 0.0035% / 4h | 2h 54m | — | $2.3M | — |
| Short | Binance AXLUSDT | 0.05223 | 0.0100 | get 0.0050% / 4h | 2h 54m | $1.9M | $4.0M | 50x |
BingX AXL-USDT
Binance AXLUSDTFunding 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
- $6.3
- Price spread: +0.059% → −0.056%
- $11.48
- Slippage, 4 orders
- −$111.74
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$113.97
- Costs to cover
- 1.317%
- Break-even
- 133.6 days
Slippage from BingX: live order book, 9 min ago; Binance: 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 BingX live order book, 9 min ago | 4.75 bp | 29.0 bp −$29 | 121.7 bp −$1,217 | 610.6 bp −$61.1K | 798.7 bp −$399.3K |
| Sell Binance live order book, 13 min ago | 1.89 bp | 36.2 bp −$36 | 142.2 bp −$1,422 | doesn't fit | doesn't fit |
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 | +0.0063% | 4h | 0.05211 | −0.172% | $122K | $11K | 50x | as long as short |
| BingX AXL-USDTlong | +0.0070% | 4h | 0.05220 | long leg | — | $2.3M | — | |
| Aster AXLUSDT | +0.0100% | 4h | 0.05230 | +0.183% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDTshort | +0.0100% | 4h | 0.05223 | +0.059% | $1.9M | $4.0M | 50x | |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05220 | 0.000% | $1.5M | $1.9M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05218 | −0.038% | $329K | $161K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05221 | +0.019% | $443K | $95K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05222 | +0.038% | $566K | $299K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05214 | −0.111% | $6K | $23K | — | as long as short |
BloFin AXL-USDT
Aster AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL