Funding you earn now, next payment 00:00 UTC+0.2090%/8h= +228.9% APRnext payment +$10.45 per $10,000 · paid last 24h +0.405%
Price spread now: BingX against Bitget−0.004%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1031.026% of the position
Funding, last 7 days+0.452%+$45 on $10k
+Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.004%, 7d avg −0.013%
=The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$63 a day on $10k at the current rate.
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 +$10.45 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 | Bitget ESPUSDT | 0.09378 | 0.0100 | pay 0.0050% / 4h | 2h 30m | $956K | $123K | 20x |
| Short | BingX ESP-USDT | 0.09378 | 0.2190 | get 0.1095% / 4h | 2h 30m | — | $1.7M | — |
Bitget ESPUSDT
BingX ESP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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
- $438.9
- Price spread: −0.004% → −0.013%
- $0.89
- Slippage, 4 orders
- −$80.6
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $337.2
- Costs to cover
- 1.026%
- Break-even
- 1.6 days
Slippage from Bitget: live order book, 55 min ago; BingX: live order book, 7 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 Bitget live order book, 55 min ago | 10.28 bp | 28.2 bp −$28 | 91.0 bp −$910 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 4.80 bp | 24.6 bp −$25 | 64.9 bp −$649 | 533.2 bp −$53.3K | 1149.0 bp −$574.5K |
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 | 0.09379 | +0.003% | $4K | $24K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09380 | +0.012% | $2.4M | $4.2M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09390 | +0.124% | $596K | $1.3M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09379 | +0.006% | $169K | $611K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09379 | +0.006% | $1.2M | $105K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09387 | +0.092% | $1.5M | $52K | 25x | as long as short |
| Bitget ESPUSDTlong | +0.0100% | 4h | 0.09378 | long leg | $956K | $123K | 20x | |
| edgeX ESPUSDC | +0.0119% | 4h | 0.09380 | +0.018% | $29K | $270K | 10x | as long as short |
| BloFin ESP-USDT | +0.0120% | 4h | 0.09385 | +0.070% | $120K | $35K | 25x | as long as short |
| BingX ESP-USDTshort | +0.2190% | 4h | 0.09378 | −0.004% | — | $1.7M | — |
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
edgeX ESPUSDC
BloFin ESP-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDT | +0.2822% | 4h | 0.09366 | −0.132% | $1.1M | $583K | 50x | as long as short |
Bybit ESPUSDT