Funding you earn now, next payment 04:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.44 per $10,000 · paid last 24h +0.006%
Price spread now: Binance against BingX−0.096%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1221.219% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 7 days+0.151%+$15 · spread now −0.096%, 7d avg +0.011%
=Funding pays, the price is against you. Binance is 0.107% cheaper against BingX than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of +0.011%). If the spread goes back, that is −$11 on $10k: about 4.1 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX M-USDT | 1.4541 | 0.1540 | pay 0.0770% / 4h | 3h 44m | — | $2.4M | — |
| Short | Binance MUSDT | 1.4527 | 0.1628 | get 0.0814% / 4h | 3h 44m | $5.6M | $4.9M | 10x |
BingX M-USDT
Binance MUSDTFunding 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
- $18.41
- Price spread: −0.096% → +0.011%
- −$10.74
- Slippage, 4 orders
- −$101.85
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$114.18
- Costs to cover
- 1.219%
- Break-even
- 50.4 days
Slippage from BingX: live order book, 10 min ago; Binance: live order book, 9 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, 10 min ago | 4.47 bp | 21.7 bp −$22 | 118.3 bp −$1,183 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.71 bp | 40.6 bp −$41 | 310.7 bp −$3,107 | 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 | 1.4532 | −0.062% | $4.6M | $2.4M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4519 | −0.151% | $2.0M | $865K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4587 | +0.318% | $90K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4552 | +0.076% | $2K | $596 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4563 | +0.151% | $1K | $652K | 20x | as long as short |
| Bitget MUSDT | +0.0362% | 4h | 1.4550 | +0.062% | $1.9M | $353K | 10x | as long as short |
| Aster MUSDT | +0.1210% | 4h | 1.4547 | +0.045% | $15K | $116K | 5x | as long as short |
| BingX M-USDTlong | +0.1540% | 4h | 1.4541 | long leg | — | $2.4M | — | |
| MEXC M_USDT | +0.1620% | 4h | 1.4547 | +0.041% | $244K | $111K | 50x | as long as short |
| Binance MUSDTshort | +0.1628% | 4h | 1.4527 | −0.096% | $5.6M | $4.9M | 10x |
Bybit MUSDT
Gate M_USDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Bitget MUSDT
Aster MUSDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.1644% | 4h | 1.4593 | +0.358% | $355K | $437K | 10x | as long as short |
| KuCoin MUSDTM | +0.2586% | 4h | 1.4432 | −0.752% | $1.4M | $4.2M | 10x | as long as short |
BloFin M-USDT
KuCoin MUSDTM