Funding you earn now, next payment 00:00 UTC−0.2798%/8h= −306.3% APRnext payment −$13.99 per $10,000 · paid last 24h +0.149%
Price spread now: BingX against Binance+0.220%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$830.830% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 7 days−0.148%−$15 · spread now +0.220%, 7d avg +0.071%
=The price spread pays, funding is against you. BingX is 0.149% dearer against Binance than usual: you sell high and buy low (spread +0.220% now, against its 7-day average of +0.071%): +$15 on $10k if it goes back. Holding the pair costs −$84 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.168%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.168% in total (about 8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$13.99 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 PROVEUSDT | 0.2389 | −0.5774 | get 0.2887% / 4h | 1h 40m | $3.4M | $35.9M | 75x |
| Short | BingX PROVE-USDT | 0.2394 | −0.8572 | pay 0.4286% / 4h | 1h 40m | — | $2.5M | — |
Binance PROVEUSDT
BingX PROVE-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
- −$587.51
- Price spread: +0.220% → +0.071%
- $14.94
- Slippage, 4 orders
- −$62.97
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$655.54
- Costs to cover
- 0.830%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; BingX: 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 Binance live order book, 2 min ago | 2.09 bp | 21.6 bp −$22 | 74.6 bp −$746 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 6.26 bp | 23.1 bp −$23 | 73.2 bp −$732 | 748.8 bp −$74.9K | doesn't fit |
PROVE on 14 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 PROVEUSDT | −0.9134% | 4h | 0.2398 | +0.388% | $2.0M | $9.9M | 25x | as long as short |
| BingX PROVE-USDTshort | −0.8572% | 4h | 0.2394 | +0.220% | — | $2.5M | — | |
| Gate PROVE_USDT | −0.6884% | 4h | 0.2394 | +0.220% | $227K | $917K | 75x | as long as short |
| Variational Omni PROVE | −0.6228% | 4h | 0.2405 | +0.669% | $27K | $45K | — | as long as short |
| GRVT PROVE_USDT_Perp | −0.5884% | 4h | 0.2393 | +0.179% | $230K | $2.5M | 10x | as long as short |
| Hyperliquid PROVE | −0.5791% | 1h | 0.2393 | +0.178% | $363K | $894K | 3x | as long as short |
| Binance PROVEUSDTlong | −0.5774% | 4h | 0.2389 | long leg | $3.4M | $35.9M | 75x | |
| MEXC PROVE_USDT | −0.5758% | 4h | 0.2390 | +0.053% | $304K | $399K | 20x | as long as short |
| Aster PROVEUSDT | −0.5714% | 4h | 0.2395 | +0.260% | $45K | $263K | 5x | as long as short |
| OKX PROVE-USDT-SWAP | −0.5635% | 4h | 0.2390 | +0.053% | $590K | $8.1M | 20x | as long as short |
Bybit PROVEUSDT
Gate PROVE_USDT
Variational Omni PROVE
GRVT PROVE_USDT_Perp
Hyperliquid PROVE
MEXC PROVE_USDT
Aster PROVEUSDT
OKX PROVE-USDT-SWAPShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PROVEUSDT | −0.4908% | 4h | 0.2389 | +0.011% | $666K | $4.7M | 50x | as long as short |
| KuCoin PROVEUSDTM | −0.4876% | 4h | 0.2402 | +0.559% | $2.8M | $1.0M | 50x | as long as short |
| Lighter PROVE | −0.3848% | 1h | 0.2398 | +0.404% | $83K | $124K | 3x | as long as short |
| ApeX Omni PROVEUSDT | −0.0748% | 1h | 0.2392 | +0.130% | $52K | $335K | 50x | as long as short |
Bitget PROVEUSDT
KuCoin PROVEUSDTM
Lighter PROVE
ApeX Omni PROVEUSDT