Funding you earn now, next payment 04:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.22 per $10,000 · paid last 24h −0.032%
Price spread now: Binance against BingX−0.059%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$1951.948% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 7 days+0.082%+$8 · spread now −0.059%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.046% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX INX-USDT | 0.006305 | 0.0361 | pay 0.0180% / 4h | 5m 13s | — | $6.5M | — |
| Short | Binance INXUSDT | 0.006301 | 0.0316 | get 0.0158% / 4h | 5m 13s | $2.1M | $1.6M | 25x |
BingX INX-USDT
Binance INXUSDTFunding 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
- −$9.42
- Price spread: −0.059% → −0.013%
- −$4.64
- Slippage, 4 orders
- −$174.76
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$208.82
- Costs to cover
- 1.948%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Binance: live order book, 14 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, 6 min ago | 7.11 bp | 49.3 bp −$49 | 153.7 bp −$1,537 | 1247.2 bp −$124.7K | 1495.5 bp −$747.7K |
| Sell Binance live order book, 14 min ago | 4.75 bp | 45.3 bp −$45 | 215.1 bp −$2,151 | doesn't fit | doesn't fit |
INX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International INX-PERP-INTX | −0.1576% | 1h | 0.006083 | −3.521% | $5K | $5K | 50x | as long as short |
| Bitget INXUSDT | +0.0100% | 4h | 0.006312 | +0.111% | $396K | $112K | 25x | as long as short |
| KuCoin INXUSDTM | +0.0124% | 4h | 0.006303 | −0.032% | $280K | $55K | 20x | as long as short |
| Bybit INXUSDT | +0.0308% | 4h | 0.006303 | −0.032% | $806K | $395K | 13x | as long as short |
| Extended INX-USD | +0.0312% | 1h | 0.006298 | −0.109% | $1K | $102K | 5x | as long as short |
| MEXC INX_USDT | +0.0314% | 4h | 0.006301 | −0.063% | $903K | $216K | 50x | as long as short |
| Binance INXUSDTshort | +0.0316% | 4h | 0.006301 | −0.059% | $2.1M | $1.6M | 25x | |
| BingX INX-USDTlong | +0.0361% | 4h | 0.006305 | long leg | — | $6.5M | — | |
| Deribit INX_USDC-PERPETUAL | +0.0386% | 1h | 0.006295 | −0.159% | $57K | $20K | 10x | as long as short |
| Gate INX_USDT | +0.0458% | 4h | 0.006290 | −0.238% | $1.6M | $72K | 25x | as long as short |
Coinbase International INX-PERP-INTX
Bitget INXUSDT
KuCoin INXUSDTM
Bybit INXUSDT
Extended INX-USD
MEXC INX_USDT
Deribit INX_USDC-PERPETUAL
Gate INX_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster INXUSDT | +0.0712% | 4h | 0.006296 | −0.141% | $19K | $10K | 5x | as long as short |
Aster INXUSDT