Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.30 per $10,000 · paid last 24h +0.014%
Price spread now: BingX against Binance−0.049%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$1761.759% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 7 days+0.049%+$5 · spread now −0.049%, 7d avg +0.017%
=Funding pays, the price is against you. BingX is 0.066% cheaper against Binance than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.017%). If the spread goes back, that is −$7 on $10k: about 3.7 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TOWNSUSDT | 0.002048 | 0.0100 | pay 0.0050% / 4h | 58m 06s | $2.0M | $1.3M | 10x |
| Short | BingX TOWNS-USDT | 0.002047 | 0.0160 | get 0.0080% / 4h | 58m 06s | — | $2.3M | — |
Binance TOWNSUSDT
BingX TOWNS-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
- $12.6
- Price spread: −0.049% → +0.017%
- −$6.57
- Slippage, 4 orders
- −$155.88
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$169.85
- Costs to cover
- 1.759%
- Break-even
- 101.4 days
Slippage from Binance: live order book, 6 min ago; BingX: live order book, 15 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, 6 min ago | 4.89 bp | 34.2 bp −$34 | 531.6 bp −$5,316 | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 12.23 bp | 52.9 bp −$53 | 131.6 bp −$1,316 | doesn't fit | doesn't fit |
TOWNS on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TOWNS-PERP-INTX | −0.0648% | 1h | 0.002031 | −0.830% | $76K | $4K | 25x | as long as short |
| Aster TOWNSUSDT | +0.0100% | 4h | 0.002045 | −0.167% | $10K | $6K | 5x | as long as short |
| Binance TOWNSUSDTlong | +0.0100% | 4h | 0.002048 | long leg | $2.0M | $1.3M | 10x | |
| Bybit TOWNSUSDT | +0.0100% | 4h | 0.002046 | −0.098% | $369K | $114K | 5x | as long as short |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002046 | −0.098% | $70K | $19K | 10x | as long as short |
| MEXC TOWNS_USDT | +0.0100% | 4h | 0.002048 | 0.000% | $392K | $124K | 100x | as long as short |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002046 | −0.087% | $457 | $285 | — | as long as short |
| BloFin TOWNS-USDT | +0.0123% | 4h | 0.002049 | +0.049% | $131K | $4K | 10x | as long as short |
| Bitget TOWNSUSDT | +0.0158% | 4h | 0.002051 | +0.146% | $337K | $48K | 5x | as long as short |
| BingX TOWNS-USDTshort | +0.0160% | 4h | 0.002047 | −0.049% | — | $2.3M | — |
Coinbase International TOWNS-PERP-INTX
Aster TOWNSUSDT
Bybit TOWNSUSDT
Gate TOWNS_USDT
MEXC TOWNS_USDT
Variational Omni TOWNS
BloFin TOWNS-USDT
Bitget TOWNSUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TOWNSUSDTM | +0.0486% | 4h | 0.002049 | +0.049% | $260K | $23K | 10x | as long as short |
| Deribit TOWNS_USDC-PERPETUAL | +0.4151% | 1h | 0.002054 | +0.293% | — | — | 25x | as long as short |
KuCoin TOWNSUSDTM
Deribit TOWNS_USDC-PERPETUAL