Funding you earn now, next payment 08:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.96 per $10,000 · paid last 24h +0.010%
Price spread now: BingX against Binance−0.035%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$760.763% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 7 days+0.105%+$10 · spread now −0.035%, 7d avg +0.028%
=Funding pays, the price is against you. BingX is 0.063% cheaper against Binance than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.028%). If the spread goes back, that is −$6 on $10k: about 2.2 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.008% in total) that is about 55 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BICOUSDT | 0.02265 | 0.0100 | pay 0.0100% / 8h | 7h 34m | $4.1M | $8.4M | 20x |
| Short | BingX BICO-USDT | 0.02264 | 0.0196 | get 0.0196% / 8h | 7h 34m | — | $1.7M | — |
Binance BICOUSDT
BingX BICO-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
- $20.16
- Price spread: −0.035% → +0.028%
- −$6.3
- Slippage, 4 orders
- −$56.3
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$62.44
- Costs to cover
- 0.763%
- Break-even
- 28.7 days
Slippage from Binance: live order book, 5 min ago; BingX: live order book, 8 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, 5 min ago | 2.21 bp | 23.3 bp −$23 | 87.6 bp −$876 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 6.61 bp | 18.6 bp −$19 | 41.4 bp −$414 | 613.4 bp −$61.3K | 1149.8 bp −$574.9K |
BICO 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BICOUSDT | +0.0100% | 8h | 0.02264 | −0.035% | $94K | $19K | 5x | as long as short |
| Binance BICOUSDTlong | +0.0100% | 8h | 0.02265 | long leg | $4.1M | $8.4M | 20x | |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02263 | −0.079% | $1.9M | $5.2M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02264 | −0.035% | $1.8M | $1.0M | 50x | as long as short |
| KuCoin BICOUSDTM | +0.0100% | 8h | 0.02267 | +0.098% | $1.1M | $1.3M | 20x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02265 | +0.010% | $646K | $458K | 10x | as long as short |
| Variational Omni BICO | +0.0127% | 8h | 0.02266 | +0.045% | $16K | $5K | — | as long as short |
| BingX BICO-USDTshort | +0.0196% | 8h | 0.02264 | −0.035% | — | $1.7M | — | |
| Bybit BICOUSDT | +0.0238% | 8h | 0.02267 | +0.085% | $2.5M | $3.7M | 20x | as long as short |
| Gate BICO_USDT | +0.0411% | 8h | 0.02261 | −0.167% | $405K | $300K | 20x | as long as short |
Aster BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
KuCoin BICOUSDTM
Bitget BICOUSDT
Variational Omni BICO
Bybit BICOUSDT
Gate BICO_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.3476% | 1h | 0.02277 | +0.538% | $39K | $52K | 20x | as long as short |
Kraken Futures PF_BICOUSD