Funding you earn now, next payment 04:00 UTC−0.2821%/8h= −308.9% APRnext payment −$14.11 per $10,000 · paid last 24h −0.283%
Price spread now: Binance against BingX−0.042%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$940.943% of the position
Funding, last 7 days−0.302%−$30 on $10k
+Price spread, last 7 days−0.002%$0 · spread now −0.042%, 7d avg −0.074%
=The price spread pays, funding is against you. Binance is 0.031% dearer against BingX than usual: you sell high and buy low (spread −0.042% now, against its 7-day average of −0.074%): +$3 on $10k if it goes back. Holding the pair costs −$85 a day in funding at the current rate, which eats that in about under an hour. At the pace of the last 7 days (−0.302% in total) that is about 17 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.302% in total (about -15.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$14.11 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 PROVE-USDT | 0.2359 | −0.3742 | get 0.1871% / 4h | 3h 19m | — | $2.5M | — |
| Short | Binance PROVEUSDT | 0.2358 | −0.6563 | pay 0.3282% / 4h | 3h 19m | $3.4M | $36.8M | 75x |
BingX PROVE-USDT
Binance PROVEUSDTFunding 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
- −$592.5
- Price spread: −0.042% → −0.074%
- $3.11
- Slippage, 4 orders
- −$74.33
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$683.71
- Costs to cover
- 0.943%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 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, 15 min ago | 6.36 bp | 24.7 bp −$25 | 84.6 bp −$846 | 815.8 bp −$81.6K | 1360.2 bp −$680.1K |
| Sell Binance live order book, 7 min ago | 4.24 bp | 17.4 bp −$17 | 86.4 bp −$864 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PROVE | −0.7258% | 4h | 0.2361 | +0.068% | $29K | $47K | — | as long as short |
| MEXC PROVE_USDT | −0.6598% | 4h | 0.2357 | −0.085% | $293K | $409K | 20x | as long as short |
| Binance PROVEUSDTshort | −0.6563% | 4h | 0.2358 | −0.042% | $3.4M | $36.8M | 75x | |
| OKX PROVE-USDT-SWAP | −0.6381% | 4h | 0.2359 | 0.000% | $614K | $8.3M | 20x | as long as short |
| Aster PROVEUSDT | −0.6276% | 4h | 0.2365 | +0.254% | $48K | $271K | 5x | as long as short |
| Bitget PROVEUSDT | −0.6016% | 4h | 0.2356 | −0.127% | $754K | $4.9M | 50x | as long as short |
| KuCoin PROVEUSDTM | −0.5844% | 4h | 0.2360 | +0.042% | $2.8M | $1.1M | 50x | as long as short |
| Bybit PROVEUSDT | −0.5260% | 4h | 0.2364 | +0.212% | $2.2M | $10.7M | 25x | as long as short |
| ApeX Omni PROVEUSDT | −0.5247% | 1h | 0.2365 | +0.254% | $51K | $334K | 50x | as long as short |
| Hyperliquid PROVE | −0.3836% | 1h | 0.2361 | +0.064% | $351K | $927K | 3x | as long as short |
Variational Omni PROVE
MEXC PROVE_USDT
OKX PROVE-USDT-SWAP
Aster PROVEUSDT
Bitget PROVEUSDT
KuCoin PROVEUSDTM
Bybit PROVEUSDT
ApeX Omni PROVEUSDT
Hyperliquid PROVEShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PROVE-USDTlong | −0.3742% | 4h | 0.2359 | long leg | — | $2.5M | — | |
| Gate PROVE_USDT | −0.3716% | 4h | 0.2360 | +0.042% | $205K | $1.0M | 75x | as long as short |
| GRVT PROVE_USDT_Perp | −0.3314% | 4h | 0.2367 | +0.339% | $229K | $2.6M | 10x | as long as short |
| Lighter PROVE | −0.0208% | 1h | 0.2365 | +0.267% | $83K | $132K | 3x | as long as short |
Gate PROVE_USDT
GRVT PROVE_USDT_Perp
Lighter PROVE