Funding you earn now, next payment 04:00 UTC+0.0277%/8h= +30.4% APRnext payment +$1.39 per $10,000 · paid last 24h +0.009%
Price spread now: BingX against Binance−0.125%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1261.256% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 7 days+0.079%+$8 · spread now −0.125%, 7d avg +0.009%
=Funding pays, the price is against you. BingX is 0.134% cheaper against Binance than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of +0.009%). If the spread goes back, that is −$13 on $10k: about 39 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.024% in total) that is about 39 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.39 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 GWEIUSDT | 0.02331 | 0.0527 | pay 0.0263% / 4h | 2h 07m | $2.4M | $2.6M | 50x |
| Short | BingX GWEI-USDT | 0.02328 | 0.0804 | get 0.0402% / 4h | 2h 07m | — | $1.6M | — |
Binance GWEIUSDT
BingX GWEI-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
- $58.21
- Price spread: −0.125% → +0.009%
- −$13.41
- Slippage, 4 orders
- −$105.62
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$80.82
- Costs to cover
- 1.256%
- Break-even
- 16.7 days
Slippage from Binance: live order book, 13 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, 13 min ago | 2.15 bp | 33.9 bp −$34 | 217.0 bp −$2,170 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 6.46 bp | 29.8 bp −$30 | 97.3 bp −$973 | 652.1 bp −$65.2K | 1069.6 bp −$534.8K |
GWEI 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GWEIUSDTM | +0.0100% | 4h | 0.02323 | −0.353% | $455K | $22K | 20x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02331 | −0.014% | $4K | $55 | — | as long as short |
| Binance GWEIUSDTlong | +0.0527% | 4h | 0.02331 | long leg | $2.4M | $2.6M | 50x | |
| Extended GWEI-USD | +0.0528% | 1h | 0.02329 | −0.071% | $4K | $121K | 5x | as long as short |
| MEXC GWEI_USDT | +0.0536% | 4h | 0.02329 | −0.082% | $108K | $88K | 20x | as long as short |
| Bitget GWEIUSDT | +0.0654% | 4h | 0.02327 | −0.168% | $1.9M | $222K | 20x | as long as short |
| BingX GWEI-USDTshort | +0.0804% | 4h | 0.02328 | −0.125% | — | $1.6M | — | |
| Bybit GWEIUSDT | +0.0830% | 4h | 0.02330 | −0.040% | $386K | $133K | 25x | as long as short |
| Gate GWEI_USDT | +0.0900% | 4h | 0.02327 | −0.177% | $390K | $422K | 10x | as long as short |
| Aster GWEIUSDT | +0.1465% | 4h | 0.02325 | −0.262% | $18K | $17K | 10x | as long as short |
KuCoin GWEIUSDTM
Variational Omni GWEI
Extended GWEI-USD
MEXC GWEI_USDT
Bitget GWEIUSDT
Bybit GWEIUSDT
Gate GWEI_USDT
Aster GWEIUSDT