Funding you earn now, next payment 04:00 UTC+0.0734%/8h= +80.4% APRnext payment +$3.67 per $10,000 · paid last 24h +0.004%
Price spread now: BingX against Binance−0.051%7-day average +0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1031.028% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 7 days+0.047%+$5 · spread now −0.051%, 7d avg +0.069%
=Funding pays, the price is against you. BingX is 0.120% cheaper against Binance than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of +0.069%). If the spread goes back, that is −$12 on $10k: about 13 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.091% in total) that is about 9.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.091% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.67 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 STOUSDT | 0.04183 | 0.0100 | pay 0.0050% / 4h | 2h 06m | $3.4M | $1.4M | 20x |
| Short | BingX STO-USDT | 0.04181 | 0.0834 | get 0.0417% / 4h | 2h 06m | — | $6.5M | — |
Binance STOUSDT
BingX STO-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
- $154.14
- Price spread: −0.051% → +0.069%
- −$12
- Slippage, 4 orders
- −$82.79
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $39.35
- Costs to cover
- 1.028%
- Break-even
- 5.2 days
Slippage from Binance: live order book, 14 min ago; BingX: live order book, 14 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 | 1.19 bp | 24.6 bp −$25 | 144.0 bp −$1,440 | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 5.97 bp | 29.4 bp −$29 | 91.2 bp −$912 | 884.2 bp −$88.4K | 1421.8 bp −$710.9K |
STO 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster STOUSDT | +0.0100% | 4h | 0.04181 | −0.057% | $26K | $1K | 5x | as long as short |
| Binance STOUSDTlong | +0.0100% | 4h | 0.04183 | long leg | $3.4M | $1.4M | 20x | |
| MEXC STO_USDT | +0.0100% | 4h | 0.04182 | −0.027% | $788K | $105K | 50x | as long as short |
| Bitget STOUSDT | +0.0100% | 4h | 0.04186 | +0.068% | $322K | $28K | 10x | as long as short |
| Gate STO_USDT | +0.0114% | 4h | 0.04184 | +0.020% | $252K | $117K | 25x | as long as short |
| Variational Omni STO | +0.0614% | 4h | 0.04194 | +0.266% | $4K | $213 | — | as long as short |
| KuCoin STOUSDTM | +0.0832% | 4h | 0.04197 | +0.331% | $997K | $20K | 25x | as long as short |
| BingX STO-USDTshort | +0.0834% | 4h | 0.04181 | −0.051% | — | $6.5M | — | |
| Bybit STOUSDT | +0.0856% | 4h | 0.04190 | +0.164% | $722K | $270K | 13x | as long as short |
Aster STOUSDT
MEXC STO_USDT
Bitget STOUSDT
Gate STO_USDT
Variational Omni STO
KuCoin STOUSDTM
Bybit STOUSDT