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: Binance against BingX+0.272%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as 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)−0.229%−$23 · spread now +0.272%, 7d avg +0.027%
=The price spread pays, funding is against you. Binance is 0.245% dearer against BingX than usual: you sell high and buy low (spread +0.272% now, against its 7-day average of +0.027%): +$24 on $10k if it goes back. Holding the pair costs −$88 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.760% in total) that is about 2.3 days.
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 | BingX BIRB-USDT | 0.06913 | 0.3022 | pay 0.1511% / 4h | 9m 04s | — | $736K | — |
| Short | Binance BIRBUSDT | 0.06932 | 0.0100 | get 0.0050% / 4h | 9m 04s | $1.2M | $1.7M | 50x |
BingX BIRB-USDT
Binance BIRBUSDTFunding 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
- −$613.62
- Price spread: +0.272% → +0.027%
- $24.49
- Slippage, 4 orders
- −$110.15
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$719.28
- Costs to cover
- 1.301%
- Break-even
- never at this rate
Slippage from BingX: live order book, 20 min ago; Binance: live order book, 9 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, 20 min ago | 10.87 bp | 38.2 bp −$38 | 143.2 bp −$1,432 | 1161.4 bp −$116.1K | 1454.4 bp −$727.2K |
| Sell Binance live order book, 9 min ago | 2.17 bp | 32.8 bp −$33 | 121.4 bp −$1,214 | doesn't fit | doesn't fit |
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 | 0.06926 | +0.191% | $16K | $17K | 5x | as long as short |
| Binance BIRBUSDTshort | +0.0100% | 4h | 0.06932 | +0.272% | $1.2M | $1.7M | 50x | |
| Gate BIRB_USDT | +0.0100% | 4h | 0.06922 | +0.130% | $62K | $56K | 20x | as long as short |
| MEXC BIRB_USDT | +0.0100% | 4h | 0.06930 | +0.246% | $138K | $102K | 50x | as long as short |
| KuCoin BIRBUSDTM | +0.0100% | 4h | 0.06936 | +0.333% | $80K | $40K | 20x | as long as short |
| Bitget BIRBUSDT | +0.0100% | 4h | 0.06927 | +0.203% | $430K | $204K | 20x | as long as short |
| BingX BIRB-USDTlong | +0.3022% | 4h | 0.06913 | long leg | — | $736K | — | |
| BloFin BIRB-USDT | +0.3042% | 4h | 0.06886 | −0.391% | $82K | $5K | 25x | as long as short |
| Bybit BIRBUSDT | +0.3051% | 4h | 0.06887 | −0.376% | $635K | $435K | 25x | as long as short |
Aster BIRBUSDT
Gate BIRB_USDT
MEXC BIRB_USDT
KuCoin BIRBUSDTM
Bitget BIRBUSDT
BloFin BIRB-USDT
Bybit BIRBUSDT