Funding you earn now, next payment 08:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.26 per $10,000 · paid last 24h −0.150%
Price spread now: BingX against Binance0.000%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1091.091% of the position
Funding, last 7 days−0.762%−$76 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now 0.000%, 7d avg +0.045%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.045% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.045%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTWUSDT | 0.8249 | 0.0972 | pay 0.0486% / 4h | 3h 13m | $115.0M | $181.1M | 10x |
| Short | BingX BTW-USDT | 0.8249 | 0.0920 | get 0.0460% / 4h | 3h 13m | — | $4.4M | — |
Binance BTWUSDT
BingX BTW-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
- −$10.92
- Price spread: 0.000% → +0.045%
- −$4.5
- Slippage, 4 orders
- −$89.07
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$124.48
- Costs to cover
- 1.091%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; BingX: live order book, 6 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, 15 min ago | 0.61 bp | 25.0 bp −$25 | 179.3 bp −$1,793 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 1.21 bp | 20.7 bp −$21 | 86.9 bp −$869 | 530.0 bp −$53.0K | doesn't fit |
BTW 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.8239 | −0.120% | $7.3M | $4.9M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.8260 | +0.139% | $212K | $794K | 10x | as long as short |
| Bybit BTWUSDT | +0.0569% | 4h | 0.8237 | −0.145% | $15.9M | $41.4M | 10x | as long as short |
| Bitget BTWUSDT | +0.0650% | 4h | 0.8250 | +0.013% | $25.9M | $15.2M | 5x | as long as short |
| Aster BTWUSDT | +0.0661% | 4h | 0.8240 | −0.112% | $2.3M | $3.2M | 5x | as long as short |
| BingX BTW-USDTshort | +0.0920% | 4h | 0.8249 | 0.000% | — | $4.4M | — | |
| Extended BTW-USD | +0.0968% | 1h | 0.8248 | −0.008% | $35K | $15K | 5x | as long as short |
| Binance BTWUSDTlong | +0.0972% | 4h | 0.8249 | long leg | $115.0M | $181.1M | 10x | |
| MEXC BTW_USDT | +0.0978% | 4h | 0.8253 | +0.048% | $9.4M | $6.5M | 20x | as long as short |
| edgeX BTWUSDC | +0.0978% | 4h | 0.8265 | +0.194% | $341K | $507K | 10x | as long as short |
KuCoin BTWUSDTM
HTX BTW-USDT
Bybit BTWUSDT
Bitget BTWUSDT
Aster BTWUSDT
Extended BTW-USD
MEXC BTW_USDT
edgeX BTWUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDT | +0.1392% | 4h | 0.8234 | −0.184% | $3.4M | $18.0M | 10x | as long as short |
Gate BTW_USDT