Funding you earn now, next payment 04:00 UTC−0.1403%/8h= −153.7% APRnext payment −$7.02 per $10,000 · paid last 24h +0.026%
Price spread now: Binance against BingX+0.145%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$630.629% of the position
Funding, last 7 days−0.224%−$22 on $10k
+Price spread, last 7 days−0.199%−$20 · spread now +0.145%, 7d avg −0.019%
=The price spread pays, funding is against you. Binance is 0.164% dearer against BingX than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of −0.019%): +$16 on $10k if it goes back. Holding the pair costs −$42 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.224% in total) that is about 5.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.224% in total (about -11.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.02 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 | BingX IOST-USDT | 0.0008980 | −0.0732 | get 0.0366% / 4h | 2h 08m | — | $2.5M | — |
| Short | Binance IOSTUSDT | 0.0008993 | −0.2135 | pay 0.1068% / 4h | 2h 08m | $5.8M | $16.1M | 50x |
BingX IOST-USDT
Binance IOSTUSDTFunding 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
- −$294.7
- Price spread: +0.145% → −0.019%
- $16.4
- Slippage, 4 orders
- −$42.95
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$341.24
- Costs to cover
- 0.629%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Binance: live order book, 2 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, 11 min ago | 2.76 bp | 15.3 bp −$15 | 40.5 bp −$405 | 331.5 bp −$33.2K | 424.3 bp −$212.2K |
| Sell Binance live order book, 2 min ago | 1.11 bp | 18.0 bp −$18 | 52.6 bp −$526 | doesn't fit | doesn't fit |
IOST 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit IOSTUSDT | −0.3548% | 8h | 0.0008997 | +0.189% | $1.9M | $2.1M | 25x | as long as short |
| OKX IOST-USDT-SWAP | −0.2276% | 4h | 0.0008990 | +0.111% | $1.6M | $4.0M | 10x | as long as short |
| Binance IOSTUSDTshort | −0.2135% | 4h | 0.0008993 | +0.145% | $5.8M | $16.1M | 50x | |
| MEXC IOST_USDT | −0.2134% | 4h | 0.0008986 | +0.067% | $2.0M | $450K | 50x | as long as short |
| Bitget IOSTUSDT | −0.2058% | 4h | 0.0008991 | +0.122% | $636K | $2.2M | 25x | as long as short |
| Variational Omni IOST | −0.1419% | 8h | 0.0009016 | +0.400% | $10K | $6K | — | as long as short |
| Gate IOST_USDT | −0.1140% | 4h | 0.0008970 | −0.111% | $734K | $482K | 25x | as long as short |
| BingX IOST-USDTlong | −0.0732% | 4h | 0.0008980 | long leg | — | $2.5M | — |
Bybit IOSTUSDT
OKX IOST-USDT-SWAP
MEXC IOST_USDT
Bitget IOSTUSDT
Variational Omni IOST
Gate IOST_USDT