Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.25 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against BingX−0.102%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$990.987% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now −0.102%, 7d avg 0.000%
=Funding pays, the price is against you. Binance is 0.103% cheaper against BingX than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of 0.000%). If the spread goes back, that is −$10 on $10k: about 6.8 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.069%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX GMT-USDT | 0.008587 | 0.0050 | pay 0.0025% / 4h | 3h 51m | — | $1.3M | — |
| Short | Binance GMTUSDT | 0.008578 | 0.0100 | get 0.0050% / 4h | 3h 51m | $2.9M | $5.2M | 50x |
BingX GMT-USDT
Binance GMTUSDTFunding 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
- $10.5
- Price spread: −0.102% → 0.000%
- −$10.25
- Slippage, 4 orders
- −$78.7
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$98.45
- Costs to cover
- 0.987%
- Break-even
- 72.6 days
Slippage from BingX: live order book, 4 min ago; Binance: live order book, 1 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, 4 min ago | 6.42 bp | 20.9 bp −$21 | 59.8 bp −$598 | 560.4 bp −$56.0K | 852.4 bp −$426.2K |
| Sell Binance live order book, 1 min ago | 1.16 bp | 26.0 bp −$26 | 88.2 bp −$882 | doesn't fit | doesn't fit |
GMT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GMTUSD | −0.1566% | 1h | 0.008577 | −0.122% | $45K | $13K | 20x | as long as short |
| KuCoin GMTUSDTM | −0.0536% | 4h | 0.008590 | +0.035% | $278K | $183K | 50x | as long as short |
| OKX GMT-USDT-SWAP | −0.0482% | 4h | 0.008562 | −0.291% | $399K | $1.2M | 20x | as long as short |
| Bybit GMTUSDT | −0.0474% | 8h | 0.008574 | −0.151% | $1.1M | $2.0M | 50x | as long as short |
| Variational Omni GMT | −0.0227% | 8h | 0.008535 | −0.611% | $3K | $5K | — | as long as short |
| Aster GMTUSDT | −0.0109% | 4h | 0.008583 | −0.046% | $7K | $22K | 10x | as long as short |
| Bitget GMTUSDT | −0.0032% | 4h | 0.008587 | 0.000% | $685K | $634K | 50x | as long as short |
| BingX GMT-USDTlong | +0.0050% | 4h | 0.008587 | long leg | — | $1.3M | — | |
| Hyperliquid GMT | +0.0100% | 1h | 0.008584 | −0.035% | $114K | $150K | 3x | as long as short |
| Binance GMTUSDTshort | +0.0100% | 4h | 0.008578 | −0.102% | $2.9M | $5.2M | 50x |
Kraken Futures PF_GMTUSD
KuCoin GMTUSDTM
OKX GMT-USDT-SWAP
Bybit GMTUSDT
Variational Omni GMT
Aster GMTUSDT
Bitget GMTUSDT
Hyperliquid GMTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate GMT_USDT | +0.0100% | 8h | 0.008600 | +0.151% | $152K | $174K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008583 | −0.047% | $436K | $208K | 20x | as long as short |
Gate GMT_USDT
MEXC GMT_USDT