Funding you earn now, next payment 02:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.003%
Price spread now: BingX against Injective−0.089%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$160.155% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 3 days (all we have)+0.098%+$10 · spread now −0.089%, 7d avg −0.037%
=Funding pays, the price is against you. BingX is 0.052% cheaper against Injective than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.037%). If the spread goes back, that is −$5 on $10k: about 4.8 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective BTC/USDC PERP | 85,682 | 0.0020 | pay 0.0002% / 1h | 7m 18s | $340K | $26.9M | 52x |
| Short | BingX BTC-USDC | 85,606.1 | 0.0056 | get 0.0056% / 8h | 6h 07m | — | $17.0M | — |
Injective BTC/USDC PERP
BingX BTC-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Injective. 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
- $7.57
- Price spread: −0.089% → −0.037%
- −$5.21
- Slippage, 4 orders
- −$5.52
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$13.18
- Costs to cover
- 0.155%
- Break-even
- 19.2 days
Slippage from Injective: live order book, 2 min ago; BingX: live order book, 1 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 Injective live order book, 2 min ago | 2.22 bp | 2.5 bp −$2 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 0.02 bp | 5.0 bp −$5 | 5.1 bp −$51 | 6.2 bp −$622 | 7.8 bp −$3,916 |
BTC on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0144% | 1h | 85,535 | −0.172% | $2.1M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,646 | −0.042% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,601.9 | −0.093% | $361K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,603 | −0.092% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,634.3 | −0.056% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERPlong | +0.0020% | 1h | 85,682 | long leg | $340K | $26.9M | 52x | |
| Aster BTCUSDT | +0.0022% | 8h | 85,600.4 | −0.095% | $515.9M | $1.12B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0026% | 8h | 85,588.7 | −0.109% | $900.8M | $752.1M | 125x | as long as short |
| Nado BTC-PERP | +0.0034% | 1h | 85,628.5 | −0.062% | $22.8M | $226.5M | 50x | as long as short |
| RISEx BTC/USDC | +0.0044% | 1h | 85,635.4 | −0.054% | $8.3M | $42.1M | 25x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
KuCoin XBTUSDTM
Nado BTC-PERP
RISEx BTC/USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BTC-USDT | +0.0047% | 8h | 85,619.2 | −0.073% | $2.27B | $937.7M | 200x | as long as short |
| BingX BTC-USDCshort | +0.0056% | 8h | 85,606.1 | −0.089% | — | $17.0M | — | |
| Reya BTCRUSDPERP | +0.0061% | 1h | 85,609 | −0.085% | $6.7M | $146.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0070% | 8h | 85,617.5 | −0.075% | $2.95B | $5.04B | 150x | as long as short |
| SunX BTC-USDT | +0.0072% | 8h | 85,589.3 | −0.108% | $2.9M | $6.6M | 100x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,617.9 | −0.075% | $2.5M | $1.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0085% | 8h | 85,625.8 | −0.066% | $9.33B | $24.08B | 150x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,616.9 | −0.076% | $5.08B | $5.76B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,629.1 | −0.062% | $170.4M | $995.9M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,640.1 | −0.049% | $23.6M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,608 | −0.086% | $8.4M | $51.8M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,646.3 | −0.042% | $3.8M | $8.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,550.6 | −0.153% | $139.9M | $317.8M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,586 | −0.112% | $207K | $7.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,673 | −0.011% | $3.76B | $4.91B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,654 | −0.033% | $40.2M | $569.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,622.7 | −0.069% | $5.32B | $9.75B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,620.1 | −0.072% | $2.55B | $12.22B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,621 | −0.071% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,582.2 | −0.116% | $7.2M | $96.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,619 | −0.073% | $5.58B | $10.59B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,582.2 | −0.116% | $35.1M | $166.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,606.4 | −0.088% | $156.1M | $555.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,535.8 | −0.171% | $278.1M | $937.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,544.9 | −0.160% | $214.7M | $162.9M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,515.3 | −0.195% | $30.2M | $209.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,654.4 | −0.032% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,612 | −0.082% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,622.6 | −0.069% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,611.3 | −0.083% | $2.4M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,660.3 | −0.025% | $196K | $721K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,625.3 | −0.066% | $30.0M | $56.1M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,630 | −0.061% | $60.0M | $336.6M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,627.3 | −0.064% | $151.2M | $480.5M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,673.6 | −0.010% | $597.8M | $234.3M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,610.3 | −0.084% | $44.1M | $228.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,637 | −0.052% | — | $102.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,666 | −0.019% | $130.8M | $5.11B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,653.8 | −0.033% | $187.5M | $958.6M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 85,592 | −0.105% | $682K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0176% | 1h | 85,649.4 | −0.038% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0186% | 1h | 85,631.1 | −0.059% | $13.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0211% | 8h | 85,645 | −0.043% | $10.3M | $766.3M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0245% | 1h | 85,683.4 | +0.002% | $895.0M | $1.53B | 50x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,640.6 | −0.048% | $511K | $20.1M | 6.7x | as long as short |
HTX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
SunX BTC-USDT
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
ApeX Omni BTCUSDT
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SoDEX BTC-USD
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL
Perpl BTC