Funding you earn now, next payment 00:00 UTC−0.0701%/8h= −76.8% APRnext payment −$3.50 per $10,000 · paid last 24h −0.083%
Price spread now: Binance against BingX+0.053%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$760.757% of the position
Funding, last 7 days−0.372%−$37 on $10k
+Price spread, last 7 days−0.066%−$7 · spread now +0.053%, 7d avg +0.010%
=The price spread pays, funding is against you. Binance is 0.043% dearer against BingX than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of +0.010%): +$4 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.372% in total) that is about 19 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.372% in total (about -19.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.50 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 RIVER-USDT | 1.2700 | 0.1378 | pay 0.0689% / 4h | 1h 00m | — | $6.8M | — |
| Short | Binance RIVERUSDT | 1.2707 | 0.0677 | get 0.0339% / 4h | 1h 00m | $6.1M | $10.3M | 50x |
BingX RIVER-USDT
Binance RIVERUSDTFunding 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
- −$147.21
- Price spread: +0.053% → +0.010%
- $4.3
- Slippage, 4 orders
- −$55.66
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$218.57
- Costs to cover
- 0.757%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Binance: 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 BingX live order book, 2 min ago | 7.89 bp | 16.0 bp −$16 | 71.7 bp −$717 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 3.94 bp | 18.5 bp −$18 | 56.6 bp −$566 | 1438.3 bp −$143.8K | doesn't fit |
RIVER on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RIVER | +0.0096% | 1h | 1.2700 | 0.000% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2690 | −0.079% | $2.0M | $3.8M | 20x | as long as short |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2690 | −0.079% | $2.5M | $2.1M | 50x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2670 | −0.236% | $2K | $963K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2710 | +0.079% | $48K | $95K | 20x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0130% | 4h | 1.2687 | −0.104% | $39K | $415K | 10x | as long as short |
| Bitget RIVERUSDT | +0.0280% | 4h | 1.2700 | 0.000% | $3.0M | $1.9M | 20x | as long as short |
| Gate RIVER_USDT | +0.0376% | 4h | 1.2680 | −0.157% | $421K | $109K | 20x | as long as short |
| Kraken Futures PF_RIVERUSD | +0.0560% | 1h | 1.2699 | −0.005% | $58K | $62K | 10x | as long as short |
| Aster RIVERUSDT | +0.0583% | 4h | 1.2688 | −0.093% | $73K | $29K | 10x | as long as short |
Lighter RIVER
OKX RIVER-USDT-SWAP
KuCoin RIVERUSDTM
SunX RIVER-USDT
HTX RIVER-USDT
GRVT RIVER_USDT_Perp
Bitget RIVERUSDT
Gate RIVER_USDT
Kraken Futures PF_RIVERUSD
Aster RIVERUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin RIVER-USDT | +0.0651% | 4h | 1.2690 | −0.079% | $417K | $33K | 50x | as long as short |
| MEXC RIVER_USDT | +0.0670% | 4h | 1.2700 | 0.000% | $3.7M | $1.5M | 50x | as long as short |
| Binance RIVERUSDTshort | +0.0677% | 4h | 1.2707 | +0.053% | $6.1M | $10.3M | 50x | |
| Variational Omni RIVER | +0.1137% | 4h | 1.2673 | −0.210% | $42K | $20K | — | as long as short |
| BingX RIVER-USDTlong | +0.1378% | 4h | 1.2700 | long leg | — | $6.8M | — | |
| Bybit RIVERUSDT | +0.1430% | 4h | 1.2690 | −0.079% | $3.8M | $1.7M | 25x | as long as short |
BloFin RIVER-USDT
MEXC RIVER_USDT
Variational Omni RIVER
Bybit RIVERUSDT