Funding you earn now, next payment 00:00 UTC−0.3500%/8h= −383.3% APRnext payment −$17.50 per $10,000 · paid last 24h −0.405%
Price spread now: Bitget against BingX+0.062%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$920.924% of the position
Funding, last 7 days−0.452%−$45 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.062%, 7d avg +0.014%
=The price spread pays, funding is against you. Bitget is 0.048% dearer against BingX than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of +0.014%): +$5 on $10k if it goes back. Holding the pair costs −$105 a day in funding at the current rate, which eats that in about 1 hour. At the pace of the last 7 days (−0.452% in total) that is about 18 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.452% in total (about -23.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$17.50 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 ESP-USDT | 0.09382 | 0.3600 | pay 0.1800% / 4h | 1h 38m | — | $1.7M | — |
| Short | Bitget ESPUSDT | 0.09388 | 0.0100 | get 0.0050% / 4h | 1h 38m | $956K | $123K | 20x |
BingX ESP-USDT
Bitget ESPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$735
- Price spread: +0.062% → +0.014%
- $4.78
- Slippage, 4 orders
- −$70.43
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$822.65
- Costs to cover
- 0.924%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Bitget: live order book, 42 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, 9 min ago | 3.20 bp | 16.5 bp −$16 | 61.4 bp −$614 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 42 min ago | 14.31 bp | 28.0 bp −$28 | 101.3 bp −$1,013 | doesn't fit | doesn't fit |
ESP 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 ESPUSDT | +0.0100% | 4h | 0.09388 | +0.064% | $4K | $24K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09382 | −0.001% | $2.4M | $4.2M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09386 | +0.043% | $593K | $1.3M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09390 | +0.085% | $169K | $607K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09381 | −0.011% | $1.2M | $104K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09391 | +0.096% | $1.5M | $52K | 25x | as long as short |
| Bitget ESPUSDTshort | +0.0100% | 4h | 0.09388 | +0.062% | $956K | $123K | 20x | |
| BloFin ESP-USDT | +0.0107% | 4h | 0.09386 | +0.043% | $121K | $35K | 25x | as long as short |
| edgeX ESPUSDC | +0.0117% | 4h | 0.09391 | +0.093% | $29K | $269K | 10x | as long as short |
| BingX ESP-USDTlong | +0.3600% | 4h | 0.09382 | long leg | — | $1.7M | — |
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
BloFin ESP-USDT
edgeX ESPUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDT | +0.4031% | 4h | 0.09362 | −0.213% | $1.1M | $586K | 50x | as long as short |
Bybit ESPUSDT