Funding you earn now, next payment 00:00 UTC+0.3742%/8h= +409.7% APRnext payment +$18.71 per $10,000 · paid last 24h +0.760%
Price spread now: BingX against Bitget−0.014%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1381.382% of the position
Funding, last 7 days+0.793%+$79 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.014%, 7d avg +0.006%
=Funding pays, the price is against you. BingX is 0.020% cheaper against Bitget than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.006%). If the spread goes back, that is −$2 on $10k: about under an hour of funding at the current rate (+$112 a day). At the pace of the last 7 days (+0.793% in total) that is about 4 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.793% in total (about 41.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$18.71 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 | Bitget BIRBUSDT | 0.06928 | 0.0100 | pay 0.0050% / 4h | 58m 29s | $430K | $203K | 20x |
| Short | BingX BIRB-USDT | 0.06927 | 0.3842 | get 0.1921% / 4h | 58m 29s | — | $735K | — |
Bitget BIRBUSDT
BingX BIRB-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
- $785.82
- Price spread: −0.014% → +0.006%
- −$2.02
- Slippage, 4 orders
- −$116.21
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $645.59
- Costs to cover
- 1.382%
- Break-even
- 1.2 days
Slippage from Bitget: live order book, 12 min ago; BingX: live order book, 45 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, 12 min ago | 5.06 bp | 43.3 bp −$43 | 344.3 bp −$3,443 | doesn't fit | doesn't fit |
| Sell BingX live order book, 45 min ago | 10.81 bp | 32.7 bp −$33 | 97.0 bp −$970 | 933.3 bp −$93.3K | 1280.9 bp −$640.5K |
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 | 0.06927 | −0.014% | $16K | $17K | 5x | as long as short |
| Binance BIRBUSDT | +0.0100% | 4h | 0.06942 | +0.202% | $1.2M | $1.6M | 50x | as long as short |
| Gate BIRB_USDT | +0.0100% | 4h | 0.06928 | 0.000% | $61K | $56K | 20x | as long as short |
| MEXC BIRB_USDT | +0.0100% | 4h | 0.06939 | +0.159% | $143K | $99K | 50x | as long as short |
| KuCoin BIRBUSDTM | +0.0100% | 4h | 0.06938 | +0.144% | $81K | $40K | 20x | as long as short |
| Bitget BIRBUSDTlong | +0.0100% | 4h | 0.06928 | long leg | $430K | $203K | 20x | |
| BingX BIRB-USDTshort | +0.3842% | 4h | 0.06927 | −0.014% | — | $735K | — | |
| Bybit BIRBUSDT | +0.3973% | 4h | 0.06898 | −0.433% | $638K | $425K | 25x | as long as short |
| BloFin BIRB-USDT | +0.3974% | 4h | 0.06890 | −0.548% | $83K | $5K | 25x | as long as short |
Aster BIRBUSDT
Binance BIRBUSDT
Gate BIRB_USDT
MEXC BIRB_USDT
KuCoin BIRBUSDTM
Bybit BIRBUSDT
BloFin BIRB-USDT