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: Binance against BingX+0.070%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$690.690% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 7 days−0.191%−$19 · spread now +0.070%, 7d avg −0.041%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.111% dearer against BingX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX FORM-USDT | 0.3625 | 0.0070 | pay 0.0035% / 4h | 1h 57m | — | $3.5M | — |
| Short | Binance FORMUSDT | 0.3628 | 0.0100 | get 0.0050% / 4h | 1h 57m | $19.3M | $132.8M | 50x |
BingX FORM-USDT
Binance FORMUSDTFunding 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
- $6.3
- Price spread: +0.070% → −0.041%
- $11.15
- Slippage, 4 orders
- −$48.95
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$51.5
- Costs to cover
- 0.690%
- Break-even
- 64.2 days
Slippage from BingX: live order book, 8 min ago; Binance: live order book, 1 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, 8 min ago | 4.16 bp | 23.6 bp −$24 | 74.2 bp −$742 | 371.5 bp −$37.1K | 991.0 bp −$495.5K |
| Sell Binance live order book, 1 min ago | 2.77 bp | 16.1 bp −$16 | 37.4 bp −$374 | 326.9 bp −$32.7K | doesn't fit |
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 | −0.401% | — | — | — | as long as short |
| BingX FORM-USDTlong | +0.0070% | 4h | 0.3625 | long leg | — | $3.5M | — | |
| Aster FORMUSDT | +0.0100% | 4h | 0.3618 | −0.193% | $45K | $629K | 5x | as long as short |
| Binance FORMUSDTshort | +0.0100% | 4h | 0.3628 | +0.070% | $19.3M | $132.8M | 50x | |
| Gate FORM_USDT | +0.0100% | 4h | 0.3618 | −0.193% | $830K | $4.0M | 50x | as long as short |
| MEXC FORM_USDT | +0.0100% | 4h | 0.3618 | −0.193% | $1.8M | $8.2M | 100x | as long as short |
| KuCoin FORMUSDTM | +0.0100% | 4h | 0.3611 | −0.386% | $378K | $812K | 30x | as long as short |
| Bitget FORMUSDT | +0.0100% | 4h | 0.3624 | −0.028% | $1.1M | $7.7M | 50x | as long as short |
| BloFin FORM-USDT | +0.0143% | 4h | 0.3623 | −0.055% | $1.0M | $356K | 50x | as long as short |
| Bybit FORMUSDT | +0.0427% | 4h | 0.3630 | +0.138% | $2.4M | $11.3M | 20x | as long as short |
gTrade (Gains Network) FORM/USD
Aster FORMUSDT
Gate FORM_USDT
MEXC FORM_USDT
KuCoin FORMUSDTM
Bitget FORMUSDT
BloFin FORM-USDT
Bybit FORMUSDT