Funding you earn now, next payment 12:00 UTC−0.0435%/8h= −47.6% APRnext payment −$2.17 per $10,000 · paid last 24h −0.037%
Price spread now: Binance against BingX+0.002%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1241.239% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 7 days−0.017%−$2 · spread now +0.002%, 7d avg −0.009%
=The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: −$13 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 -0.043% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.17 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 GWEI-USDT | 0.02382 | 0.0900 | pay 0.0450% / 4h | 3h 00m | — | $1.6M | — |
| Short | Binance GWEIUSDT | 0.02382 | 0.0465 | get 0.0233% / 4h | 3h 00m | $2.6M | $5.3M | 50x |
BingX GWEI-USDT
Binance GWEIUSDTFunding 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
- −$91.25
- Price spread: +0.002% → −0.009%
- $1.04
- Slippage, 4 orders
- −$103.88
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$214.08
- Costs to cover
- 1.239%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Binance: 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 BingX live order book, 7 min ago | 4.18 bp | 30.1 bp −$30 | 131.8 bp −$1,318 | 847.8 bp −$84.8K | 1145.2 bp −$572.6K |
| Sell Binance live order book, 7 min ago | 2.09 bp | 32.4 bp −$32 | 202.2 bp −$2,022 | doesn't fit | doesn't fit |
GWEI 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit GWEIUSDT | +0.0100% | 4h | 0.02384 | +0.084% | $401K | $284K | 25x | as long as short |
| Gate GWEI_USDT | +0.0100% | 4h | 0.02381 | −0.046% | $412K | $611K | 10x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02385 | +0.107% | $5K | $1K | — | as long as short |
| KuCoin GWEIUSDTM | +0.0440% | 4h | 0.02384 | +0.084% | $471K | $35K | 20x | as long as short |
| Binance GWEIUSDTshort | +0.0465% | 4h | 0.02382 | +0.002% | $2.6M | $5.3M | 50x | |
| Extended GWEI-USD | +0.0472% | 1h | 0.02383 | +0.056% | $6K | $225K | 5x | as long as short |
| MEXC GWEI_USDT | +0.0474% | 4h | 0.02383 | +0.042% | $127K | $96K | 20x | as long as short |
| BloFin GWEI-USDT | +0.0529% | 4h | 0.02389 | +0.294% | $168K | $45K | 50x | as long as short |
| BingX GWEI-USDTlong | +0.0900% | 4h | 0.02382 | long leg | — | $1.6M | — | |
| Bitget GWEIUSDT | +0.0910% | 4h | 0.02382 | 0.000% | $2.0M | $495K | 20x | as long as short |
Bybit GWEIUSDT
Gate GWEI_USDT
Variational Omni GWEI
KuCoin GWEIUSDTM
Extended GWEI-USD
MEXC GWEI_USDT
BloFin GWEI-USDT
Bitget GWEIUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1594% | 4h | 0.02385 | +0.126% | $19K | $28K | 10x | as long as short |
Aster GWEIUSDT