Funding you earn now, next payment 00:00 UTC+0.2922%/8h= +320.0% APRnext payment +$14.61 per $10,000 · paid last 24h +0.760%
Price spread now: BingX against Binance−0.208%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1301.301% of the position
Funding, last 7 days+0.760%+$76 on $10k
+Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.208%, 7d avg −0.027%
=Funding pays, the price is against you. BingX is 0.182% cheaper against Binance than usual: you would sell low and buy high (spread −0.208% now, against its 7-day average of −0.027%). If the spread goes back, that is −$18 on $10k: about 5 hours of funding at the current rate (+$88 a day). At the pace of the last 7 days (+0.760% in total) that is about 40 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.760% in total (about 39.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$14.61 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 | Binance BIRBUSDT | 0.06936 | 0.0100 | pay 0.0050% / 4h | 8m 03s | $1.2M | $1.7M | 50x |
| Short | BingX BIRB-USDT | 0.06922 | 0.3022 | get 0.1511% / 4h | 8m 03s | — | $738K | — |
Binance BIRBUSDT
BingX BIRB-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
- $613.62
- Price spread: −0.208% → −0.027%
- −$18.15
- Slippage, 4 orders
- −$110.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $465.32
- Costs to cover
- 1.301%
- Break-even
- 1.7 days
Slippage from Binance: live order book, 10 min ago; BingX: live order book, 21 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, 10 min ago | 2.17 bp | 29.8 bp −$30 | 235.9 bp −$2,359 | doesn't fit | doesn't fit |
| Sell BingX live order book, 21 min ago | 10.87 bp | 29.3 bp −$29 | 90.9 bp −$909 | 776.3 bp −$77.6K | 1151.0 bp −$575.5K |
BIRB 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BIRBUSDT | +0.0100% | 4h | 0.06928 | −0.120% | $16K | $17K | 5x | as long as short |
| Binance BIRBUSDTlong | +0.0100% | 4h | 0.06936 | long leg | $1.2M | $1.7M | 50x | |
| Gate BIRB_USDT | +0.0100% | 4h | 0.06924 | −0.179% | $62K | $56K | 20x | as long as short |
| MEXC BIRB_USDT | +0.0100% | 4h | 0.06940 | +0.051% | $139K | $102K | 50x | as long as short |
| KuCoin BIRBUSDTM | +0.0100% | 4h | 0.06936 | −0.006% | $80K | $40K | 20x | as long as short |
| Bitget BIRBUSDT | +0.0100% | 4h | 0.06924 | −0.179% | $430K | $204K | 20x | as long as short |
| BingX BIRB-USDTshort | +0.3022% | 4h | 0.06922 | −0.208% | — | $738K | — | |
| Bybit BIRBUSDT | +0.3033% | 4h | 0.06890 | −0.670% | $635K | $435K | 25x | as long as short |
| BloFin BIRB-USDT | +0.3042% | 4h | 0.06886 | −0.727% | $82K | $5K | 25x | as long as short |
Aster BIRBUSDT
Gate BIRB_USDT
MEXC BIRB_USDT
KuCoin BIRBUSDTM
Bitget BIRBUSDT
Bybit BIRBUSDT
BloFin BIRB-USDT