Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.030%
Price spread now: BingX against Binance−0.004%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$670.669% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 7 days+0.124%+$12 · spread now −0.004%, 7d avg +0.041%
=Both sides work against this trade now: funding costs −$1 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 (−$5 if the spread goes back to its 7-day average of +0.041%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FORMUSDT | 0.3612 | 0.0100 | pay 0.0050% / 4h | 2h 40m | $19.0M | $129.7M | 50x |
| Short | BingX FORM-USDT | 0.3612 | 0.0070 | get 0.0035% / 4h | 2h 40m | — | $3.4M | — |
Binance FORMUSDT
BingX FORM-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
- −$6.3
- Price spread: −0.004% → +0.041%
- −$4.5
- Slippage, 4 orders
- −$46.9
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$77.7
- Costs to cover
- 0.669%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; BingX: live order book, 9 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, 2 min ago | 1.38 bp | 15.8 bp −$16 | 74.3 bp −$743 | 447.6 bp −$44.8K | doesn't fit |
| Sell BingX live order book, 9 min ago | 5.53 bp | 21.2 bp −$21 | 64.0 bp −$640 | 357.5 bp −$35.8K | 965.3 bp −$482.7K |
FORM on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) FORM/USD | L −0.0007% / S +0.0008% | 1h | 0.3610 | −0.054% | — | — | — | as long as short |
| BloFin FORM-USDT | +0.0045% | 4h | 0.3609 | −0.087% | $1.0M | $349K | 50x | as long as short |
| BingX FORM-USDTshort | +0.0070% | 4h | 0.3612 | −0.004% | — | $3.4M | — | |
| Aster FORMUSDT | +0.0100% | 4h | 0.3614 | +0.040% | $44K | $600K | 5x | as long as short |
| Binance FORMUSDTlong | +0.0100% | 4h | 0.3612 | long leg | $19.0M | $129.7M | 50x | |
| Bybit FORMUSDT | +0.0100% | 4h | 0.3616 | +0.107% | $2.3M | $11.0M | 20x | as long as short |
| Gate FORM_USDT | +0.0100% | 4h | 0.3611 | −0.031% | $827K | $4.0M | 50x | as long as short |
| MEXC FORM_USDT | +0.0100% | 4h | 0.3612 | −0.004% | $2.0M | $8.0M | 100x | as long as short |
| KuCoin FORMUSDTM | +0.0100% | 4h | 0.3620 | +0.218% | $356K | $777K | 30x | as long as short |
| Bitget FORMUSDT | +0.0100% | 4h | 0.3610 | −0.059% | $1.2M | $7.5M | 50x | as long as short |
gTrade (Gains Network) FORM/USD
BloFin FORM-USDT
Aster FORMUSDT
Bybit FORMUSDT
Gate FORM_USDT
MEXC FORM_USDT
KuCoin FORMUSDTM
Bitget FORMUSDT