Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against BingX+0.048%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1221.221% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days−0.005%$0 · spread now +0.048%, 7d avg +0.057%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX INIT-USDT | 0.08260 | 0.0100 | pay 0.0050% / 4h | 5m 31s | — | $6.6M | — |
| Short | Binance INITUSDT | 0.08264 | 0.0100 | get 0.0050% / 4h | 5m 31s | $3.4M | $3.6M | 25x |
BingX INIT-USDT
Binance INITUSDTFunding 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
- $0
- Price spread: +0.048% → +0.057%
- −$0.84
- Slippage, 4 orders
- −$102.13
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$122.97
- Costs to cover
- 1.221%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 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, 6 min ago | 5.47 bp | 32.3 bp −$32 | 85.3 bp −$853 | 494.3 bp −$49.4K | 747.4 bp −$373.7K |
| Sell Binance live order book, 1 min ago | 3.63 bp | 30.9 bp −$31 | 79.9 bp −$799 | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid INIT | +0.0100% | 1h | 0.08257 | −0.031% | $300K | $233K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08255 | −0.064% | $27K | $37K | 5x | as long as short |
| Binance INITUSDTshort | +0.0100% | 4h | 0.08264 | +0.048% | $3.4M | $3.6M | 25x | |
| Bybit INITUSDT | +0.0100% | 4h | 0.08256 | −0.048% | $1.4M | $1.4M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08264 | +0.048% | $134K | $640K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08249 | −0.133% | $84K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08264 | +0.048% | $449K | $220K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08248 | −0.145% | $328K | $55K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08255 | −0.061% | $431K | $311K | 25x | as long as short |
| BingX INIT-USDTlong | +0.0100% | 4h | 0.08260 | long leg | — | $6.6M | — |
Hyperliquid INIT
Aster INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni INIT | +0.0100% | 4h | 0.08250 | −0.116% | $26K | $23K | — | as long as short |
| BloFin INIT-USDT | +0.0153% | 4h | 0.08250 | −0.121% | $153K | $111K | 25x | as long as short |
| Kraken Futures PF_INITUSD | +0.0493% | 1h | 0.08257 | −0.042% | $5K | $17K | 10x | as long as short |
Variational Omni INIT
BloFin INIT-USDT
Kraken Futures PF_INITUSD