Funding you earn now, next payment 04:00 UTC+0.0336%/8h= +36.8% APRnext payment +$1.68 per $10,000 · paid last 24h −0.045%
Price spread now: BingX against Binance+0.024%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1441.442% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 7 days−0.057%−$6 · spread now +0.024%, 7d avg −0.018%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BingX is 0.042% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.018%. Mind the row above: over the last 7 days funding on this pair cost −0.093%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.093% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.68 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 THEUSDT | 0.08282 | 0.0424 | pay 0.0212% / 4h | 30m 27s | $2.2M | $4.8M | 10x |
| Short | BingX THE-USDT | 0.08284 | 0.0760 | get 0.0380% / 4h | 30m 27s | — | $6.5M | — |
Binance THEUSDT
BingX THE-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
- $70.52
- Price spread: +0.024% → −0.018%
- $4.25
- Slippage, 4 orders
- −$124.21
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$69.44
- Costs to cover
- 1.442%
- Break-even
- 13.9 days
Slippage from Binance: live order book, 7 min ago; BingX: live order book, 5 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, 7 min ago | 1.21 bp | 27.3 bp −$27 | 266.2 bp −$2,662 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 7.28 bp | 44.0 bp −$44 | 200.8 bp −$2,008 | 898.3 bp −$89.8K | 1202.8 bp −$601.4K |
THE 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate THE_USDT | +0.0100% | 4h | 0.08280 | −0.024% | $66K | $77K | 10x | as long as short |
| KuCoin THEUSDTM | +0.0100% | 4h | 0.08261 | −0.254% | $115K | $108K | 10x | as long as short |
| Bitget THEUSDT | +0.0100% | 4h | 0.08270 | −0.145% | $445K | $373K | 10x | as long as short |
| BloFin THE-USDT | +0.0420% | 4h | 0.08266 | −0.193% | $144K | $5K | 50x | as long as short |
| Binance THEUSDTlong | +0.0424% | 4h | 0.08282 | long leg | $2.2M | $4.8M | 10x | |
| Aster THEUSDT | +0.0425% | 4h | 0.08272 | −0.124% | $5K | $12K | 5x | as long as short |
| MEXC THE_USDT | +0.0428% | 4h | 0.08284 | +0.024% | $195K | $143K | 50x | as long as short |
| BingX THE-USDTshort | +0.0760% | 4h | 0.08284 | +0.024% | — | $6.5M | — | |
| Bybit THEUSDT | +0.0815% | 4h | 0.08277 | −0.060% | $554K | $449K | 20x | as long as short |
Gate THE_USDT
KuCoin THEUSDTM
Bitget THEUSDT
BloFin THE-USDT
Aster THEUSDT
MEXC THE_USDT
Bybit THEUSDT