Funding you earn now, next payment 04:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.05 per $10,000 · paid last 24h −0.007%
Price spread now: BingX against Binance0.000%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1211.207% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 7 days−0.097%−$10 · spread now 0.000%, 7d avg −0.011%
=The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUSDT | 1.4408 | 0.1077 | pay 0.0538% / 4h | 1h 17m | $5.6M | $3.8M | 10x |
| Short | BingX M-USDT | 1.4408 | 0.1066 | get 0.0533% / 4h | 1h 17m | — | $2.4M | — |
Binance MUSDT
BingX M-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
- −$2.27
- Price spread: 0.000% → −0.011%
- $1.1
- Slippage, 4 orders
- −$100.7
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$121.87
- Costs to cover
- 1.207%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; BingX: live order book, 6 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, 5 min ago | 2.43 bp | 35.9 bp −$36 | 289.2 bp −$2,892 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 6.97 bp | 20.2 bp −$20 | 95.6 bp −$956 | doesn't fit | doesn't fit |
M on 12 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 MUSDT | +0.0100% | 4h | 1.4407 | −0.007% | $4.5M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4401 | −0.049% | $1.9M | $913K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4387 | −0.146% | $1.9M | $248K | 10x | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4413 | +0.035% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4443 | +0.243% | $2K | $742K | 20x | as long as short |
| Variational Omni M | +0.0104% | 4h | 1.4411 | +0.023% | $90K | $43K | — | as long as short |
| Aster MUSDT | +0.0842% | 4h | 1.4405 | −0.022% | $16K | $93K | 5x | as long as short |
| BingX M-USDTshort | +0.1066% | 4h | 1.4408 | 0.000% | — | $2.4M | — | |
| Binance MUSDTlong | +0.1077% | 4h | 1.4408 | long leg | $5.6M | $3.8M | 10x | |
| BloFin M-USDT | +0.1081% | 4h | 1.4434 | +0.180% | $358K | $441K | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Orderly PERP_M_USDC
SunX M-USDT
Variational Omni M
Aster MUSDT
BloFin M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC M_USDT | +0.1094% | 4h | 1.4409 | +0.007% | $242K | $107K | 50x | as long as short |
| KuCoin MUSDTM | +0.2638% | 4h | 1.4271 | −0.952% | $1.4M | $4.0M | 10x | as long as short |
MEXC M_USDT
KuCoin MUSDTM