Funding you earn now, next payment 04:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.19 per $10,000 · paid last 24h +0.001%
Price spread now: Binance against BingX+0.056%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$810.815% of the position
Funding, last 7 days+0.085%+$9 on $10k
+Price spread, last 7 days−0.107%−$11 · spread now +0.056%, 7d avg −0.035%
=The price spread pays, funding is against you. Binance is 0.091% dearer against BingX than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of −0.035%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.085%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ETHFI-USDC | 0.7174 | 0.0100 | pay 0.0050% / 4h | 3h 21m | — | $1.2M | — |
| Short | Binance ETHFIUSDT | 0.7178 | 0.0061 | get 0.0031% / 4h | 3h 21m | $25.1M | $36.6M | 75x |
BingX ETHFI-USDC
Binance ETHFIUSDTFunding 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
- −$8.15
- Price spread: +0.056% → −0.035%
- $9.11
- Slippage, 4 orders
- −$61.45
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$80.5
- Costs to cover
- 0.815%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Binance: 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 BingX live order book, 4 min ago | 2.08 bp | 21.7 bp −$22 | 104.3 bp −$1,043 | 543.8 bp −$54.4K | 692.4 bp −$346.2K |
| Sell Binance live order book, 6 min ago | 0.69 bp | 14.6 bp −$15 | 38.2 bp −$382 | 135.2 bp −$13.5K | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0850% | 4h | 0.7171 | −0.042% | $83K | $159K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0585% | 1h | 0.7178 | +0.056% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0203% | 4h | 0.7174 | 0.000% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0038% | 4h | 0.7177 | +0.046% | $1.0M | $725K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0011% | 8h | 0.7175 | +0.009% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.920% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0058% | 4h | 0.7172 | −0.028% | $15.3M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDTshort | +0.0061% | 4h | 0.7178 | +0.056% | $25.1M | $36.6M | 75x | |
| Extended ETHFI-USD | +0.0064% | 1h | 0.7176 | +0.032% | $100K | $392K | 10x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7186 | +0.167% | $1.1M | $894K | 5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Extended ETHFI-USD
Lighter ETHFIShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7177 | +0.045% | $9K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7182 | +0.110% | $18.0M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7181 | +0.096% | $183K | $256K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7181 | +0.098% | $18.2M | $12.7M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7189 | +0.209% | $5.0M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7178 | +0.056% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7177 | +0.042% | $1.2M | $264K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7180 | +0.084% | $6.1M | $5.6M | 75x | as long as short |
| BingX ETHFI-USDClong | +0.0100% | 4h | 0.7174 | long leg | — | $1.2M | — | |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7173 | −0.008% | $71K | $116K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7182 | +0.112% | $2K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7237 | +0.878% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0220% | 1h | 0.7180 | +0.080% | $273K | $166K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0245% | 4h | 0.7185 | +0.153% | $1.3M | $272K | 75x | as long as short |
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT