Funding you earn now, next payment 04:00 UTC−0.0790%/8h= −86.5% APRnext payment −$3.95 per $10,000 · paid last 24h −0.015%
Price spread now: Binance against BingX+0.049%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1721.723% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 7 days+0.033%+$3 · spread now +0.049%, 7d avg +0.080%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Binance is 0.031% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.080%). Swap the legs.
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 −$3.95 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 | BingX B-USDT | 0.2056 | 0.1630 | pay 0.0815% / 4h | 3h 44m | — | $1.2M | — |
| Short | Binance BUSDT | 0.2057 | 0.0840 | get 0.0420% / 4h | 3h 44m | $11.9M | $2.0M | 20x |
BingX B-USDT
Binance BUSDTFunding 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
- −$165.89
- Price spread: +0.049% → +0.080%
- −$3.12
- Slippage, 4 orders
- −$152.25
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$341.26
- Costs to cover
- 1.723%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Binance: live order book, 11 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, 6 min ago | 31.70 bp | 55.0 bp −$55 | 305.7 bp −$3,057 | 844.0 bp −$84.4K | doesn't fit |
| Sell Binance live order book, 11 min ago | 4.88 bp | 31.6 bp −$32 | 253.5 bp −$2,535 | doesn't fit | doesn't fit |
B on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate B_USDT | +0.0558% | 4h | 0.2053 | −0.146% | $3.5M | $602K | 20x | as long as short |
| KuCoin BUSDTM | +0.0672% | 4h | 0.2052 | −0.209% | $1.9M | $72K | 10x | as long as short |
| edgeX BUSDC | +0.0795% | 4h | 0.2051 | −0.261% | $3K | $391K | 5x | as long as short |
| Extended B-USD | +0.0832% | 1h | 0.2057 | +0.026% | $15K | $142K | 5x | as long as short |
| MEXC B_USDT | +0.0832% | 4h | 0.2056 | 0.000% | $1.0M | $352K | 100x | as long as short |
| Binance BUSDTshort | +0.0840% | 4h | 0.2057 | +0.049% | $11.9M | $2.0M | 20x | |
| BloFin B-USDT | +0.0851% | 4h | 0.2059 | +0.146% | $600K | $40K | 20x | as long as short |
| Bitget BUSDT | +0.1262% | 4h | 0.2056 | 0.000% | $2.8M | $246K | 10x | as long as short |
| Aster BUSDT | +0.1601% | 4h | 0.2059 | +0.146% | $1.9M | $213K | 5x | as long as short |
| BingX B-USDTlong | +0.1630% | 4h | 0.2056 | long leg | — | $1.2M | — |
Gate B_USDT
KuCoin BUSDTM
edgeX BUSDC
Extended B-USD
MEXC B_USDT
BloFin B-USDT
Bitget BUSDT
Aster BUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BUSDT | +0.1918% | 4h | 0.2054 | −0.107% | $1.8M | $958K | 13x | as long as short |
Bybit BUSDT