Funding you earn now, next payment 00:00 UTC−0.0066%/8h= −7.3% APRnext payment −$0.33 per $10,000 · paid last 24h +0.113%
Price spread now: BingX against Binance−0.040%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$223as in the Funding arb table
Net, price: spread back to 7d avg − costs−$230as in the Price arb table
costs, in and out, $10k−$2342.343% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 7 days−0.050%−$5 · spread now −0.040%, 7d avg −0.082%
=The price spread pays, funding is against you. BingX is 0.042% dearer against Binance than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.082%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.112%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance QUSDT | 0.02500 | 0.0834 | pay 0.0417% / 4h | 1h 54m | $6.9M | $1.5M | 20x |
| Short | BingX Q-USDT | 0.02499 | 0.0768 | get 0.0384% / 4h | 1h 54m | — | $1.3M | — |
Binance QUSDT
BingX Q-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
- −$13.92
- Price spread: −0.040% → −0.082%
- $4.24
- Slippage, 4 orders
- −$214.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$243.94
- Costs to cover
- 2.343%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; BingX: live order book, 4 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, 14 min ago | 0.40 bp | 55.1 bp −$55 | 471.4 bp −$4,714 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 40.23 bp | 67.4 bp −$67 | 226.8 bp −$2,268 | 1061.0 bp −$106.1K | 1258.4 bp −$629.2K |
Q 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate Q_USDT | +0.0100% | 4h | 0.02497 | −0.100% | $1.2M | $298K | 10x | as long as short |
| KuCoin QUSDTM | +0.0100% | 4h | 0.02496 | −0.160% | $661K | $21K | 20x | as long as short |
| Bitget QUSDT | +0.0100% | 4h | 0.02498 | −0.060% | $2.2M | $141K | 20x | as long as short |
| Variational Omni Q | +0.0100% | 4h | 0.02496 | −0.133% | $602 | $41 | — | as long as short |
| Bybit QUSDT | +0.0340% | 4h | 0.02495 | −0.184% | $1.5M | $391K | 13x | as long as short |
| Aster QUSDT | +0.0682% | 4h | 0.02501 | +0.045% | $59K | $61K | 5x | as long as short |
| BingX Q-USDTshort | +0.0768% | 4h | 0.02499 | −0.040% | — | $1.3M | — | |
| MEXC Q_USDT | +0.0824% | 4h | 0.02499 | −0.004% | $122K | $86K | 50x | as long as short |
| Extended Q-USD | +0.0832% | 1h | 0.02499 | −0.005% | $8K | $168K | 5x | as long as short |
| Binance QUSDTlong | +0.0834% | 4h | 0.02500 | long leg | $6.9M | $1.5M | 20x |
Gate Q_USDT
KuCoin QUSDTM
Bitget QUSDT
Variational Omni Q
Bybit QUSDT
Aster QUSDT
MEXC Q_USDT
Extended Q-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin Q-USDT | +0.0872% | 4h | 0.02500 | +0.036% | $372K | $76K | 40x | as long as short |
BloFin Q-USDT