Funding you earn now, next payment 04:00 UTC−0.0331%/8h= −36.2% APRnext payment −$1.65 per $10,000 · paid last 24h +0.045%
Price spread now: Binance against BingX−0.083%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as 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+0.116%+$12 · spread now −0.083%, 7d avg +0.018%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Binance is 0.102% cheaper against BingX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.018%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.093%, so the current rate has only just turned against you.
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 −$1.65 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 THE-USDT | 0.08290 | 0.0760 | pay 0.0380% / 4h | 30m 57s | — | $6.5M | — |
| Short | Binance THEUSDT | 0.08283 | 0.0429 | get 0.0215% / 4h | 30m 57s | $2.2M | $4.8M | 10x |
BingX THE-USDT
Binance THEUSDTFunding 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
- −$69.46
- Price spread: −0.083% → +0.018%
- −$10.15
- Slippage, 4 orders
- −$124.21
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$223.82
- Costs to cover
- 1.442%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Binance: live order book, 6 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, 5 min ago | 7.28 bp | 29.1 bp −$29 | 201.2 bp −$2,012 | 1153.9 bp −$115.4K | 1412.5 bp −$706.2K |
| Sell Binance live order book, 6 min ago | 1.21 bp | 43.8 bp −$44 | 222.9 bp −$2,229 | doesn't fit | doesn't fit |
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 | 0.08250 | −0.483% | $66K | $77K | 10x | as long as short |
| KuCoin THEUSDTM | +0.0100% | 4h | 0.08261 | −0.350% | $115K | $108K | 10x | as long as short |
| Bitget THEUSDT | +0.0100% | 4h | 0.08270 | −0.241% | $445K | $373K | 10x | as long as short |
| BloFin THE-USDT | +0.0420% | 4h | 0.08266 | −0.290% | $144K | $5K | 50x | as long as short |
| Aster THEUSDT | +0.0423% | 4h | 0.08271 | −0.230% | $5K | $12K | 5x | as long as short |
| MEXC THE_USDT | +0.0428% | 4h | 0.08284 | −0.072% | $195K | $143K | 50x | as long as short |
| Binance THEUSDTshort | +0.0429% | 4h | 0.08283 | −0.083% | $2.2M | $4.8M | 10x | |
| BingX THE-USDTlong | +0.0760% | 4h | 0.08290 | long leg | — | $6.5M | — | |
| Bybit THEUSDT | +0.0805% | 4h | 0.08277 | −0.157% | $554K | $449K | 20x | as long as short |
Gate THE_USDT
KuCoin THEUSDTM
Bitget THEUSDT
BloFin THE-USDT
Aster THEUSDT
MEXC THE_USDT
Bybit THEUSDT