Funding you earn now, next payment 08:00 UTC+0.0292%/8h= +32.0% APRnext payment +$1.46 per $10,000 · paid last 24h +0.075%
Price spread now: BingX against Binance+0.046%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1341.340% of the position
Funding, last 7 days+0.170%+$17 on $10k
+Price spread, last 7 days−0.033%−$3 · spread now +0.046%, 7d avg +0.011%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BingX is 0.034% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.011%.
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 8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.46 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 | Binance OUSDT | 0.5554 | 0.0100 | pay 0.0050% / 4h | 14m 28s | $4.7M | $2.2M | 10x |
| Short | BingX O-USDT | 0.5557 | 0.0392 | get 0.0196% / 4h | 14m 28s | — | $1.6M | — |
Binance OUSDT
BingX O-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
- $61.32
- Price spread: +0.046% → +0.011%
- $3.44
- Slippage, 4 orders
- −$114.04
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$69.28
- Costs to cover
- 1.340%
- Break-even
- 14.9 days
Slippage from Binance: live order book, 8 min ago; BingX: live order book, 8 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, 8 min ago | 9.03 bp | 34.0 bp −$34 | 440.2 bp −$4,402 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 8.13 bp | 32.6 bp −$33 | 174.6 bp −$1,746 | doesn't fit | doesn't fit |
O on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin O-USDT | +0.0047% | 4h | 0.5561 | +0.118% | $241K | $6K | 20x | as long as short |
| Aster OUSDT | +0.0100% | 4h | 0.5558 | +0.059% | $20K | $53K | 3x | as long as short |
| Binance OUSDTlong | +0.0100% | 4h | 0.5554 | long leg | $4.7M | $2.2M | 10x | |
| Bybit OUSDT | +0.0100% | 4h | 0.5556 | +0.028% | $681K | $995K | 20x | as long as short |
| Gate O_USDT | +0.0100% | 4h | 0.5549 | −0.098% | $1.5M | $626K | 20x | as long as short |
| KuCoin OUSDTM | +0.0100% | 4h | 0.5557 | +0.046% | $1.3M | $657K | 20x | as long as short |
| Bitget OUSDT | +0.0100% | 4h | 0.5558 | +0.064% | $1.6M | $393K | 10x | as long as short |
| Variational Omni O | +0.0100% | 4h | 0.5555 | +0.003% | $3K | $518 | — | as long as short |
| OKX O-USDT-SWAP | +0.0357% | 4h | 0.5561 | +0.118% | $1.5M | $1.2M | 10x | as long as short |
| MEXC O_USDT | +0.0362% | 4h | 0.5560 | +0.100% | $945K | $169K | 50x | as long as short |
BloFin O-USDT
Aster OUSDT
Bybit OUSDT
Gate O_USDT
KuCoin OUSDTM
Bitget OUSDT
Variational Omni O
OKX O-USDT-SWAP
MEXC O_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX O-USDTshort | +0.0392% | 4h | 0.5557 | +0.046% | — | $1.6M | — |