Funding you earn now, next payment 08:00 UTC+0.0914%/8h= +100.1% APRnext payment +$4.57 per $10,000 · paid last 24h +0.052%
Price spread now: BingX against Bitget−0.088%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$710.710% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 7 days+0.180%+$18 · spread now −0.088%, 7d avg +0.018%
=Funding pays, the price is against you. BingX is 0.107% cheaper against Bitget than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of +0.018%). If the spread goes back, that is −$11 on $10k: about 9 hours of funding at the current rate (+$27 a day). Mind the row above: over the last 7 days funding on this pair cost −0.170%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.170% in total (about -8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.57 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 | Bitget IOSTUSDT | 0.0009047 | −0.1538 | get 0.0769% / 4h | 2h 40m | $655K | $2.3M | 25x |
| Short | BingX IOST-USDT | 0.0009039 | −0.0624 | pay 0.0312% / 4h | 2h 40m | — | $2.4M | — |
Bitget IOSTUSDT
BingX IOST-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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
- $191.94
- Price spread: −0.088% → +0.018%
- −$10.68
- Slippage, 4 orders
- −$49.03
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $110.23
- Costs to cover
- 0.710%
- Break-even
- 3.0 days
Slippage from Bitget: live order book, 1 min ago; BingX: live order book, 3 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 Bitget live order book, 1 min ago | 2.76 bp | 22.9 bp −$23 | 76.7 bp −$767 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 2.75 bp | 15.1 bp −$15 | 41.2 bp −$412 | 335.8 bp −$33.6K | 462.9 bp −$231.4K |
IOST on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX IOST-USDT-SWAP | −0.2440% | 4h | 0.0009040 | −0.077% | $1.6M | $4.2M | 10x | as long as short |
| Bybit IOSTUSDT | −0.2049% | 8h | 0.0009044 | −0.033% | $1.9M | $2.0M | 25x | as long as short |
| BloFin IOST-USDT | −0.1804% | 4h | 0.0009052 | +0.055% | $299K | $2.0M | 50x | as long as short |
| MEXC IOST_USDT | −0.1770% | 4h | 0.0009032 | −0.166% | $1.9M | $479K | 50x | as long as short |
| Binance IOSTUSDT | −0.1761% | 4h | 0.0009039 | −0.088% | $5.9M | $16.3M | 50x | as long as short |
| Variational Omni IOST | −0.1755% | 8h | 0.0009059 | +0.133% | $10K | $5K | — | as long as short |
| Bitget IOSTUSDTlong | −0.1538% | 4h | 0.0009047 | long leg | $655K | $2.3M | 25x | |
| Gate IOST_USDT | −0.0652% | 4h | 0.0009040 | −0.077% | $719K | $519K | 25x | as long as short |
| BingX IOST-USDTshort | −0.0624% | 4h | 0.0009039 | −0.088% | — | $2.4M | — |
OKX IOST-USDT-SWAP
Bybit IOSTUSDT
BloFin IOST-USDT
MEXC IOST_USDT
Binance IOSTUSDT
Variational Omni IOST
Gate IOST_USDT