Funding you earn now, next payment 00:00 UTC+0.1106%/8h= +121.1% APRnext payment +$5.53 per $10,000 · paid last 24h +0.405%
Price spread now: BingX against Binance−0.018%7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$740.739% of the position
Funding, last 7 days+0.602%+$60 on $10k
+Price spread, last 7 days+0.037%+$4 · spread now −0.018%, 7d avg +0.054%
=Funding pays, the price is against you. BingX is 0.072% cheaper against Binance than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.054%). If the spread goes back, that is −$7 on $10k: about 5 hours of funding at the current rate (+$33 a day). At the pace of the last 7 days (+0.602% in total) that is about 20 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.602% in total (about 31.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.53 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 ESPUSDT | 0.09369 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $2.4M | $4.2M | 25x |
| Short | BingX ESP-USDT | 0.09367 | 0.1206 | get 0.0603% / 4h | 2h 41m | — | $1.7M | — |
Binance ESPUSDT
BingX ESP-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
- $232.26
- Price spread: −0.018% → +0.054%
- −$7.21
- Slippage, 4 orders
- −$53.89
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $151.16
- Costs to cover
- 0.739%
- Break-even
- 2.4 days
Slippage from Binance: live order book, 11 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, 11 min ago | 0.53 bp | 17.2 bp −$17 | 63.7 bp −$637 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 4.26 bp | 25.4 bp −$25 | 65.3 bp −$653 | 547.4 bp −$54.7K | 1163.5 bp −$581.7K |
ESP 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ESPUSDT | +0.0100% | 4h | 0.09370 | +0.015% | $4K | $24K | 5x | as long as short |
| Binance ESPUSDTlong | +0.0100% | 4h | 0.09369 | long leg | $2.4M | $4.2M | 25x | |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09371 | +0.025% | $595K | $1.3M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09376 | +0.078% | $169K | $607K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09370 | +0.014% | $1.2M | $105K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09376 | +0.078% | $1.5M | $52K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09374 | +0.061% | $955K | $123K | 20x | as long as short |
| edgeX ESPUSDC | +0.0101% | 4h | 0.09369 | −0.001% | $29K | $270K | 10x | as long as short |
| BloFin ESP-USDT | +0.0108% | 4h | 0.09373 | +0.046% | $121K | $35K | 25x | as long as short |
| BingX ESP-USDTshort | +0.1206% | 4h | 0.09367 | −0.018% | — | $1.7M | — |
Aster ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDC
BloFin ESP-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDT | +0.1644% | 4h | 0.09360 | −0.093% | $1.1M | $583K | 50x | as long as short |
Bybit ESPUSDT