Funding you earn now, next payment 04:00 UTC−0.0206%/8h= −22.6% APRnext payment −$1.03 per $10,000 · paid last 24h −0.002%
Price spread now: Binance against BingX+0.118%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$580.577% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 7 days−0.189%−$19 · spread now +0.118%, 7d avg −0.039%
=The price spread pays, funding is against you. Binance is 0.157% dearer against BingX than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of −0.039%): +$16 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.013% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.03 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 PROM-USDT | 4.8230 | 0.0306 | pay 0.0153% / 4h | 4m 04s | — | $1.5M | — |
| Short | Binance PROMUSDT | 4.8287 | 0.0100 | get 0.0050% / 4h | 4m 04s | $15.5M | $8.8M | 50x |
BingX PROM-USDT
Binance PROMUSDTFunding 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
- −$43.26
- Price spread: +0.118% → −0.039%
- $15.72
- Slippage, 4 orders
- −$37.66
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$85.21
- Costs to cover
- 0.577%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Binance: live order book, 7 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, 3 min ago | 2.07 bp | 14.5 bp −$15 | 44.3 bp −$443 | 517.8 bp −$51.8K | 831.1 bp −$415.6K |
| Sell Binance live order book, 7 min ago | 1.03 bp | 14.7 bp −$15 | 46.5 bp −$465 | doesn't fit | doesn't fit |
PROM on 9 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 PROM-USDT | +0.0078% | 4h | 4.8230 | 0.000% | $794K | $284K | 50x | as long as short |
| Aster PROMUSDT | +0.0100% | 4h | 4.8217 | −0.027% | $129K | $20K | 5x | as long as short |
| Binance PROMUSDTshort | +0.0100% | 4h | 4.8287 | +0.118% | $15.5M | $8.8M | 50x | |
| Gate PROM_USDT | +0.0100% | 4h | 4.8250 | +0.041% | $711K | $976K | 50x | as long as short |
| MEXC PROM_USDT | +0.0100% | 4h | 4.8280 | +0.104% | $405K | $157K | 20x | as long as short |
| KuCoin PROMUSDTM | +0.0100% | 4h | 4.8273 | +0.089% | $1.1M | $86K | 30x | as long as short |
| Extended PROM-USD | +0.0104% | 1h | 4.8225 | −0.010% | $886 | — | 5x | as long as short |
| Bitget PROMUSDT | +0.0300% | 4h | 4.8404 | +0.361% | $4.2M | $415K | 10x | as long as short |
| BingX PROM-USDTlong | +0.0306% | 4h | 4.8230 | long leg | — | $1.5M | — |
BloFin PROM-USDT
Aster PROMUSDT
Gate PROM_USDT
MEXC PROM_USDT
KuCoin PROMUSDTM
Extended PROM-USD
Bitget PROMUSDT