Funding you earn now, next payment 08:00 UTC−0.0289%/8h= −31.6% APRnext payment −$2.89 per $10,000 · paid last 24h −0.019%
Price spread now: Binance against BingX−0.049%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$440.443% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 7 days+0.049%+$5 · spread now −0.049%, 7d avg +0.030%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.079% cheaper against BingX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.030%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.89 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 FET-USDT | 0.2057 | 0.0389 | pay 0.0389% / 8h | 5h 33m | — | $5.9M | — |
| Short | Binance FETUSDT | 0.2056 | 0.0100 | get 0.0100% / 8h | 5h 33m | $31.9M | $111.7M | 75x |
BingX FET-USDT
Binance FETUSDTFunding 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
- −$60.69
- Price spread: −0.049% → +0.030%
- −$7.9
- Slippage, 4 orders
- −$24.29
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$112.88
- Costs to cover
- 0.443%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Binance: live order book, 10 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, 2 min ago | 4.88 bp | 9.9 bp −$10 | 15.3 bp −$153 | 82.0 bp −$8,200 | 353.1 bp −$176.6K |
| Sell Binance live order book, 10 min ago | 2.46 bp | 12.2 bp −$12 | 23.1 bp −$231 | 108.9 bp −$10.9K | doesn't fit |
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.1690% | 1h | 0.2058 | +0.049% | $30K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0872% | 1h | 0.2055 | −0.097% | $150K | $228K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2056 | −0.027% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.285% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2051 | −0.309% | $261K | $772K | 10x | as long as short |
| Binance FETUSDTshort | +0.0100% | 8h | 0.2056 | −0.049% | $31.9M | $111.7M | 75x | |
| Gate FET_USDT | +0.0100% | 8h | 0.2055 | −0.097% | $2.8M | $12.3M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2055 | −0.097% | $30.6M | $24.2M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2059 | +0.097% | $10.7M | $18.8M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2038 | −0.919% | $341K | $424K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2057 | 0.000% | $39K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2057 | +0.018% | $35K | $252K | 10x | as long as short |
| Kraken Futures PF_FETUSD | +0.0113% | 1h | 0.2060 | +0.160% | $997K | $2.2M | 50x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2056 | −0.034% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2057 | 0.000% | $1.7M | $3.0M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0274% | 4h | 0.2058 | +0.049% | $1.0M | $8.2M | 20x | as long as short |
| BingX FET-USDTlong | +0.0389% | 8h | 0.2057 | long leg | — | $5.9M | — | |
| Bitget FETUSDT | +0.0415% | 8h | 0.2057 | 0.000% | $16.7M | $11.8M | 75x | as long as short |
| Phoenix FET | +0.0669% | 1h | 0.2029 | −1.376% | $35K | $39K | 5x | as long as short |
| Hyperliquid FET | +0.0782% | 1h | 0.2054 | −0.165% | $9.0M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
Kraken Futures PF_FETUSD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Bitget FETUSDT
Phoenix FET
Hyperliquid FET