Funding you earn now, next payment 12:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.019%
Price spread now: Binance against BingX−0.039%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$239as in the Funding arb table
Net, price: spread back to 7d avg − costs−$223as in the Price arb table
costs, in and out, $10k−$2292.291% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 7 days+0.007%+$1 · spread now −0.039%, 7d avg −0.098%
=The price spread pays, funding is against you. Binance is 0.060% dearer against BingX than usual: you sell high and buy low (spread −0.039% now, against its 7-day average of −0.098%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.101% in total) that is about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX US-USDT | 0.01545 | 0.0208 | pay 0.0104% / 4h | 3h 05m | — | $1.3M | — |
| Short | Binance USUSDT | 0.01544 | 0.0191 | get 0.0096% / 4h | 3h 05m | $8.7M | $3.6M | 10x |
BingX US-USDT
Binance USUSDTFunding 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
- −$3.57
- Price spread: −0.039% → −0.098%
- $5.96
- Slippage, 4 orders
- −$209.09
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$226.7
- Costs to cover
- 2.291%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Binance: live order book, 4 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, 10 min ago | 10.03 bp | 59.3 bp −$59 | 226.2 bp −$2,262 | 1129.8 bp −$113.0K | 1469.1 bp −$734.5K |
| Sell Binance live order book, 4 min ago | 1.29 bp | 42.8 bp −$43 | 170.3 bp −$1,703 | doesn't fit | doesn't fit |
US on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTM | −0.2326% | 4h | 0.01538 | −0.460% | $3.5M | $567K | 20x | as long as short |
| Aster USUSDT | +0.0100% | 4h | 0.01545 | +0.002% | $14K | $52K | 5x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01545 | +0.032% | $3.1M | $994K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01544 | −0.071% | $1.9M | $692K | 20x | as long as short |
| Bitget USUSDT | +0.0100% | 4h | 0.01547 | +0.181% | $4.1M | $292K | 10x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01547 | +0.165% | $16K | $4K | — | as long as short |
| BloFin US-USDT | +0.0157% | 4h | 0.01544 | −0.032% | $463K | $46K | 10x | as long as short |
| MEXC US_USDT | +0.0190% | 4h | 0.01544 | −0.019% | $5.2M | $121K | 100x | as long as short |
| Binance USUSDTshort | +0.0191% | 4h | 0.01544 | −0.039% | $8.7M | $3.6M | 10x | |
| Extended US-USD | +0.0192% | 1h | 0.01543 | −0.104% | $3K | $204K | 5x | as long as short |
KuCoin USUSDTM
Aster USUSDT
Bybit USUSDT
Gate US_USDT
Bitget USUSDT
Variational Omni US
BloFin US-USDT
MEXC US_USDT
Extended US-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX US-USDTlong | +0.0208% | 4h | 0.01545 | long leg | — | $1.3M | — |