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: Bitget against BingX−0.115%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1221.216% of the position
Funding, last 7 days+0.141%+$14 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.115%, 7d avg −0.041%
=Funding pays, the price is against you. Bitget is 0.074% cheaper against BingX than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of −0.041%). If the spread goes back, that is −$7 on $10k: about 8.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.141% in total) that is about 3.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX AXL-USDT | 0.05230 | 0.0070 | pay 0.0035% / 4h | 11m 18s | — | $2.3M | — |
| Short | Bitget AXLUSDT | 0.05224 | 0.0100 | get 0.0050% / 4h | 11m 18s | $575K | $293K | 50x |
BingX AXL-USDT
Bitget AXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.115% → −0.041%
- −$7.39
- Slippage, 4 orders
- −$99.57
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$122.66
- Costs to cover
- 1.216%
- Break-even
- 143.3 days
Slippage from BingX: live order book, 7 min ago; Bitget: live order book, 64 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, 7 min ago | 4.79 bp | 25.5 bp −$26 | 114.2 bp −$1,142 | 600.0 bp −$60.0K | 771.5 bp −$385.8K |
| Sell Bitget live order book, 64 min ago | 5.76 bp | 40.3 bp −$40 | 221.2 bp −$2,212 | 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 | +0.0061% | 4h | 0.05223 | −0.134% | $121K | $11K | 50x | as long as short |
| BingX AXL-USDTlong | +0.0070% | 4h | 0.05230 | long leg | — | $2.3M | — | |
| Aster AXLUSDT | +0.0100% | 4h | 0.05229 | −0.017% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05224 | −0.114% | $1.8M | $4.1M | 50x | as long as short |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05229 | −0.019% | $1.5M | $1.9M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05225 | −0.096% | $344K | $163K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05223 | −0.134% | $438K | $94K | 30x | as long as short |
| Bitget AXLUSDTshort | +0.0100% | 4h | 0.05224 | −0.115% | $575K | $293K | 50x | |
| Variational Omni AXL | +0.0100% | 4h | 0.05225 | −0.091% | $6K | $23K | — | as long as short |
BloFin AXL-USDT
Aster AXLUSDT
Binance AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Variational Omni AXL