Funding you earn now, next payment 04:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.76 per $10,000 · paid last 24h −0.002%
Price spread now: Bitget against BingX−0.048%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1881.878% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)+0.035%+$4 · spread now −0.048%, 7d avg +0.039%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.087% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.039%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX STO-USDT | 0.04197 | 0.0252 | pay 0.0126% / 4h | 30m 58s | — | $6.5M | — |
| Short | Bitget STOUSDT | 0.04195 | 0.0100 | get 0.0050% / 4h | 30m 58s | $322K | $27K | 10x |
BingX STO-USDT
Bitget STOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$31.92
- Price spread: −0.048% → +0.039%
- −$8.65
- Slippage, 4 orders
- −$165.81
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$228.38
- Costs to cover
- 1.878%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Bitget: live order book, 19 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, 4 min ago | 5.99 bp | 26.7 bp −$27 | 90.0 bp −$900 | 875.7 bp −$87.6K | doesn't fit |
| Sell Bitget live order book, 19 min ago | 4.80 bp | 71.2 bp −$71 | 669.3 bp −$6,693 | doesn't fit | doesn't fit |
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 | 0.04192 | −0.128% | $26K | $1K | 5x | as long as short |
| Binance STOUSDT | +0.0100% | 4h | 0.04192 | −0.113% | $3.4M | $1.4M | 20x | as long as short |
| Gate STO_USDT | +0.0100% | 4h | 0.04184 | −0.310% | $252K | $116K | 25x | as long as short |
| MEXC STO_USDT | +0.0100% | 4h | 0.04190 | −0.167% | $777K | $102K | 50x | as long as short |
| Bitget STOUSDTshort | +0.0100% | 4h | 0.04195 | −0.048% | $322K | $27K | 10x | |
| BingX STO-USDTlong | +0.0252% | 4h | 0.04197 | long leg | — | $6.5M | — | |
| Bybit STOUSDT | +0.0332% | 4h | 0.04203 | +0.143% | $718K | $268K | 13x | as long as short |
| Variational Omni STO | +0.0416% | 4h | 0.04198 | +0.030% | $4K | $213 | — | as long as short |
| KuCoin STOUSDTM | +0.0826% | 4h | 0.04195 | −0.048% | $997K | $17K | 25x | as long as short |
Aster STOUSDT
Binance STOUSDT
Gate STO_USDT
MEXC STO_USDT
Bybit STOUSDT
Variational Omni STO
KuCoin STOUSDTM