Funding you earn now, next payment 04:00 UTC+0.1528%/8h= +167.3% APRnext payment +$7.64 per $10,000 · paid last 24h +0.163%
Price spread now: BingX against Bitget−0.234%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$207as in the Price arb table
costs, in and out, $10k−$1861.861% of the position
Funding, last 7 days+0.287%+$29 on $10k
+Price spread, last 7 days+0.097%+$10 · spread now −0.234%, 7d avg −0.022%
=Funding pays, the price is against you. BingX is 0.211% cheaper against Bitget than usual: you would sell low and buy high (spread −0.234% now, against its 7-day average of −0.022%). If the spread goes back, that is −$21 on $10k: about 11 hours of funding at the current rate (+$46 a day). At the pace of the last 7 days (+0.287% 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 0.287% in total (about 15.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.64 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 MUSDT | 1.4555 | 0.0230 | pay 0.0115% / 4h | 2h 57m | $1.9M | $242K | 10x |
| Short | BingX M-USDT | 1.4521 | 0.1758 | get 0.0879% / 4h | 2h 57m | — | $2.4M | — |
Bitget MUSDT
BingX M-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
- $320.88
- Price spread: −0.234% → −0.022%
- −$21.14
- Slippage, 4 orders
- −$164.09
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $113.65
- Costs to cover
- 1.861%
- Break-even
- 4.5 days
Slippage from Bitget: 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 Bitget live order book, 5 min ago | 17.09 bp | 53.0 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 11.16 bp | 31.5 bp −$31 | 238.3 bp −$2,383 | 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 | 1.4522 | −0.227% | $4.5M | $1.9M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4514 | −0.282% | $2.0M | $855K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4613 | +0.398% | $91K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4546 | −0.062% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4536 | −0.131% | $2K | $667K | 20x | as long as short |
| Bitget MUSDTlong | +0.0230% | 4h | 1.4555 | long leg | $1.9M | $242K | 10x | |
| Aster MUSDT | +0.1433% | 4h | 1.4515 | −0.277% | $14K | $115K | 5x | as long as short |
| BingX M-USDTshort | +0.1758% | 4h | 1.4521 | −0.234% | — | $2.4M | — | |
| BloFin M-USDT | +0.1799% | 4h | 1.4524 | −0.213% | $353K | $431K | 10x | as long as short |
| Binance MUSDT | +0.1821% | 4h | 1.4525 | −0.207% | $5.6M | $3.8M | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BloFin M-USDT
Binance MUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC M_USDT | +0.1842% | 4h | 1.4526 | −0.199% | $243K | $105K | 50x | as long as short |
| KuCoin MUSDTM | +0.3798% | 4h | 1.4404 | −1.040% | $1.4M | $4.1M | 10x | as long as short |
MEXC M_USDT
KuCoin MUSDTM