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: BingX against Bitget+0.057%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1191.188% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 4 days (all we have)−0.035%−$4 · spread now +0.057%, 7d avg +0.041%
=The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget AXLUSDT | 0.05237 | 0.0100 | pay 0.0050% / 4h | 30m 49s | $571K | $313K | 50x |
| Short | BingX AXL-USDT | 0.05240 | 0.0070 | get 0.0035% / 4h | 30m 49s | — | $2.3M | — |
Bitget AXLUSDT
BingX AXL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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: +0.057% → +0.041%
- $1.59
- Slippage, 4 orders
- −$96.83
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$123.54
- Costs to cover
- 1.188%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 24 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 Bitget live order book, 24 min ago | 5.70 bp | 21.0 bp −$21 | 81.9 bp −$819 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 5.72 bp | 35.4 bp −$35 | 146.8 bp −$1,468 | 646.0 bp −$64.6K | 882.3 bp −$441.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX AXL-USDTshort | +0.0070% | 4h | 0.05240 | +0.057% | — | $2.3M | — | |
| Aster AXLUSDT | +0.0100% | 4h | 0.05239 | +0.039% | $34K | $7K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05238 | +0.025% | $1.8M | $4.3M | 50x | as long as short |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05242 | +0.095% | $1.5M | $2.0M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05240 | +0.057% | $327K | $168K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05231 | −0.115% | $437K | $94K | 30x | as long as short |
| Bitget AXLUSDTlong | +0.0100% | 4h | 0.05237 | long leg | $571K | $313K | 50x | |
| Variational Omni AXL | +0.0100% | 4h | 0.05241 | +0.068% | $6K | $23K | — | as long as short |
| BloFin AXL-USDT | +0.0113% | 4h | 0.05202 | −0.668% | $120K | $10K | 50x | as long as short |
Aster AXLUSDT
Binance AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Variational Omni AXL
BloFin AXL-USDT