Funding you earn now, next payment 12:00 UTC+0.0360%/8h= +39.4% APRnext payment +$1.80 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against Binance0.000%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$263as in the Funding arb table
Net, price: spread back to 7d avg − costs−$267as in the Price arb table
costs, in and out, $10k−$2632.629% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 7 days+0.060%+$6 · spread now 0.000%, 7d avg +0.044%
=Funding pays, the price is against you. BingX is 0.044% cheaper against Binance than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.044%). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.002% in total) that is about 6 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.80 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 HANAUSDT | 0.01453 | 0.0402 | pay 0.0201% / 4h | 3h 16m | $5.2M | $2.6M | 10x |
| Short | BingX HANA-USDT | 0.01453 | 0.0762 | get 0.0381% / 4h | 3h 16m | — | $6.5M | — |
Binance HANAUSDT
BingX HANA-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
- $75.57
- Price spread: 0.000% → +0.044%
- −$4.36
- Slippage, 4 orders
- −$242.87
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$191.66
- Costs to cover
- 2.629%
- Break-even
- 24.8 days
Slippage from Binance: live order book, 6 min ago; BingX: live order book, 5 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, 6 min ago | 3.45 bp | 61.8 bp −$62 | 524.3 bp −$5,243 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 10.36 bp | 74.7 bp −$75 | 221.0 bp −$2,210 | 1309.1 bp −$130.9K | doesn't fit |
HANA on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HANAUSDT | +0.0100% | 4h | 0.01453 | −0.034% | $13K | $7K | 5x | as long as short |
| KuCoin HANAUSDTM | +0.0100% | 4h | 0.01446 | −0.482% | $596K | $741K | 10x | as long as short |
| Gate HANA_USDT | +0.0284% | 8h | 0.01451 | −0.138% | $627K | $622K | 25x | as long as short |
| BloFin HANA-USDT | +0.0386% | 4h | 0.01447 | −0.413% | $329K | $5K | 10x | as long as short |
| MEXC HANA_USDT | +0.0402% | 4h | 0.01453 | 0.000% | $77K | $93K | 100x | as long as short |
| Binance HANAUSDTlong | +0.0402% | 4h | 0.01453 | long leg | $5.2M | $2.6M | 10x | |
| BingX HANA-USDTshort | +0.0762% | 4h | 0.01453 | 0.000% | — | $6.5M | — | |
| Bybit HANAUSDT | +0.1416% | 4h | 0.01454 | +0.069% | $881K | $511K | 25x | as long as short |
Aster HANAUSDT
KuCoin HANAUSDTM
Gate HANA_USDT
BloFin HANA-USDT
MEXC HANA_USDT
Bybit HANAUSDT