Funding you earn now, next payment 00:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.008%
Price spread now: BingX against Bitget+0.056%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$500.499% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 7 days−0.080%−$8 · spread now +0.056%, 7d avg +0.015%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.041% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ETHFIUSDT | 0.7149 | 0.0042 | pay 0.0021% / 4h | 2h 17m | $6.1M | $5.6M | 75x |
| Short | BingX ETHFI-USDT | 0.7153 | 0.0100 | get 0.0050% / 4h | 2h 17m | — | $25.9M | — |
Bitget ETHFIUSDT
BingX ETHFI-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
- $12.18
- Price spread: +0.056% → +0.015%
- $4.1
- Slippage, 4 orders
- −$27.89
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$33.61
- Costs to cover
- 0.499%
- Break-even
- 26.3 days
Slippage from Bitget: live order book, 6 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 Bitget live order book, 6 min ago | 3.50 bp | 16.5 bp −$16 | 37.7 bp −$377 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 1.40 bp | 6.4 bp −$6 | 6.4 bp −$64 | 23.7 bp −$2,374 | 91.6 bp −$45.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0588% | 1h | 0.7153 | +0.056% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0213% | 1h | 0.7162 | +0.187% | $282K | $144K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0183% | 4h | 0.7138 | −0.154% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0172% | 4h | 0.7149 | 0.000% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.273% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0039% | 8h | 0.7148 | −0.013% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDTlong | +0.0042% | 4h | 0.7149 | long leg | $6.1M | $5.6M | 75x | |
| MEXC ETHFI_USDT | +0.0086% | 4h | 0.7146 | −0.042% | $15.2M | $3.8M | 125x | as long as short |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7149 | −0.001% | $92K | $495K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0088% | 4h | 0.7146 | −0.042% | $24.9M | $36.9M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
MEXC ETHFI_USDT
Extended ETHFI-USD
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7153 | +0.055% | $1.1M | $909K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7153 | +0.060% | $18.3M | $8.8M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7150 | +0.011% | $183K | $255K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7154 | +0.070% | $18.3M | $12.7M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7156 | +0.098% | $4.9M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7152 | +0.042% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7148 | −0.014% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDTshort | +0.0100% | 4h | 0.7153 | +0.056% | — | $25.9M | — | |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7150 | +0.008% | $1.0M | $722K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7155 | +0.084% | $60K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7153 | +0.056% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7150 | +0.014% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7157 | +0.112% | $31K | $9K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0329% | 4h | 0.7147 | −0.028% | $1.3M | $295K | 75x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT