Funding you earn now, next payment 00:00 UTC−0.3238%/8h= −354.6% APRnext payment −$16.19 per $10,000 · paid last 24h −0.357%
Price spread now: Binance against BingX+0.067%7-day average −0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$265as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$2132.130% of the position
Funding, last 7 days−0.519%−$52 on $10k
+Price spread, last 7 days−0.123%−$12 · spread now +0.067%, 7d avg −0.068%
=The price spread pays, funding is against you. Binance is 0.135% dearer against BingX than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of −0.068%): +$13 on $10k if it goes back. Holding the pair costs −$97 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.519% in total) that is about 44 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.519% in total (about -27.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$16.19 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 TRUST-USDT | 0.06002 | 0.3500 | pay 0.1750% / 4h | 34m 22s | — | $6.5M | — |
| Short | Binance TRUSTUSDT | 0.06006 | 0.0262 | get 0.0131% / 4h | 34m 22s | $1.6M | $1.1M | 10x |
BingX TRUST-USDT
Binance TRUSTUSDTFunding 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
- −$679.98
- Price spread: +0.067% → −0.068%
- $13.47
- Slippage, 4 orders
- −$192.96
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$879.46
- Costs to cover
- 2.130%
- Break-even
- never at this rate
Slippage from BingX: live order book, 16 min ago; Binance: 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 BingX live order book, 16 min ago | 9.95 bp | 64.0 bp −$64 | 496.6 bp −$4,966 | 1174.6 bp −$117.5K | 1338.9 bp −$669.4K |
| Sell Binance live order book, 14 min ago | 2.49 bp | 47.5 bp −$48 | 657.8 bp −$6,578 | doesn't fit | doesn't fit |
TRUST on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX TRUST-USDT-SWAP | +0.0100% | 4h | 0.06014 | +0.200% | $106K | $117K | 10x | as long as short |
| Gate TRUST_USDT | +0.0100% | 8h | 0.06027 | +0.417% | $493K | $21K | 10x | as long as short |
| KuCoin TRUSTUSDTM | +0.0100% | 4h | 0.06006 | +0.067% | $284K | $725K | 10x | as long as short |
| Bitget TRUSTUSDT | +0.0100% | 4h | 0.06021 | +0.317% | $646K | $57K | 10x | as long as short |
| Binance TRUSTUSDTshort | +0.0262% | 4h | 0.06006 | +0.067% | $1.6M | $1.1M | 10x | |
| MEXC TRUST_USDT | +0.0262% | 4h | 0.06006 | +0.067% | $193K | $96K | 50x | as long as short |
| Aster TRUSTUSDT | +0.0334% | 4h | 0.06007 | +0.082% | $10K | $6K | 5x | as long as short |
| BingX TRUST-USDTlong | +0.3500% | 4h | 0.06002 | long leg | — | $6.5M | — | |
| Bybit TRUSTUSDT | +0.3613% | 4h | 0.05981 | −0.350% | $501K | $217K | 25x | as long as short |
| Variational Omni TRUST | +0.4406% | 4h | 0.05998 | −0.070% | $55K | $409 | — | as long as short |
OKX TRUST-USDT-SWAP
Gate TRUST_USDT
KuCoin TRUSTUSDTM
Bitget TRUSTUSDT
MEXC TRUST_USDT
Aster TRUSTUSDT
Bybit TRUSTUSDT
Variational Omni TRUST