Funding you earn now, next payment 04:00 UTC−0.0299%/8h= −32.8% APRnext payment −$1.50 per $10,000 · paid last 24h −0.066%
Price spread now: Binance against BingX+0.008%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1531.534% of the position
Funding, last 7 days−0.155%−$15 on $10k
+Price spread, last 7 days−0.029%−$3 · spread now +0.008%, 7d avg −0.010%
=The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.155% in total (about -8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.50 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 | BingX O-USDT | 0.5616 | 0.0476 | pay 0.0238% / 4h | 5m 07s | — | $1.6M | — |
| Short | Binance OUSDT | 0.5616 | 0.0177 | get 0.0088% / 4h | 5m 07s | $4.8M | $2.0M | 10x |
BingX O-USDT
Binance OUSDTFunding 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
- −$62.86
- Price spread: +0.008% → −0.010%
- $1.78
- Slippage, 4 orders
- −$133.44
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$214.52
- Costs to cover
- 1.534%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Binance: live order book, 2 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, 2 min ago | 4.45 bp | 32.8 bp −$33 | 285.7 bp −$2,857 | 914.4 bp −$91.4K | 1193.8 bp −$596.9K |
| Sell Binance live order book, 2 min ago | 4.45 bp | 39.7 bp −$40 | 291.2 bp −$2,912 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OUSDT | +0.0100% | 4h | 0.5609 | −0.133% | $20K | $50K | 3x | as long as short |
| Gate O_USDT | +0.0100% | 4h | 0.5614 | −0.036% | $1.5M | $542K | 20x | as long as short |
| Bitget OUSDT | +0.0100% | 4h | 0.5620 | +0.071% | $1.6M | $327K | 10x | as long as short |
| Variational Omni O | +0.0100% | 4h | 0.5608 | −0.151% | $3K | $518 | — | as long as short |
| Binance OUSDTshort | +0.0177% | 4h | 0.5616 | +0.008% | $4.8M | $2.0M | 10x | |
| KuCoin OUSDTM | +0.0348% | 4h | 0.5617 | +0.018% | $1.3M | $675K | 20x | as long as short |
| Bybit OUSDT | +0.0398% | 4h | 0.5613 | −0.053% | $717K | $937K | 20x | as long as short |
| BloFin O-USDT | +0.0452% | 4h | 0.5611 | −0.089% | $240K | $6K | 20x | as long as short |
| BingX O-USDTlong | +0.0476% | 4h | 0.5616 | long leg | — | $1.6M | — | |
| OKX O-USDT-SWAP | +0.0478% | 4h | 0.5618 | +0.036% | $1.5M | $1.1M | 10x | as long as short |
Aster OUSDT
Gate O_USDT
Bitget OUSDT
Variational Omni O
KuCoin OUSDTM
Bybit OUSDT
BloFin O-USDT
OKX O-USDT-SWAPShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC O_USDT | +0.0484% | 4h | 0.5619 | +0.053% | $970K | $178K | 50x | as long as short |
MEXC O_USDT