Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against BingX−0.073%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$198as in the Funding arb table
Net, price: spread back to 7d avg − costs−$207as in the Price arb table
costs, in and out, $10k−$1981.983% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.073%, 7d avg +0.014%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.086% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX INIT-USDT | 0.08265 | 0.0100 | pay 0.0050% / 4h | 28m 58s | — | $6.6M | — |
| Short | Bitget INITUSDT | 0.08259 | 0.0100 | get 0.0050% / 4h | 28m 58s | $429K | $307K | 25x |
BingX INIT-USDT
Bitget INITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.073% → +0.014%
- −$8.63
- Slippage, 4 orders
- −$176.33
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$206.97
- Costs to cover
- 1.983%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Bitget: live order book, 22 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, 8 min ago | 8.50 bp | 34.7 bp −$35 | 88.6 bp −$886 | 613.8 bp −$61.4K | 885.4 bp −$442.7K |
| Sell Bitget live order book, 22 min ago | 9.10 bp | 63.1 bp −$63 | 322.7 bp −$3,227 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | −0.5669% | 1h | 0.08230 | −0.426% | $3K | $19K | 10x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08276 | +0.129% | $305K | $230K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08277 | +0.144% | $27K | $39K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08273 | +0.097% | $3.3M | $3.8M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08259 | −0.073% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08282 | +0.206% | $138K | $666K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08264 | −0.012% | $84K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08272 | +0.085% | $445K | $211K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08255 | −0.121% | $322K | $57K | 25x | as long as short |
| Bitget INITUSDTshort | +0.0100% | 4h | 0.08259 | −0.073% | $429K | $307K | 25x |
Kraken Futures PF_INITUSD
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDTlong | +0.0100% | 4h | 0.08265 | long leg | — | $6.6M | — | |
| Variational Omni INIT | +0.0100% | 4h | 0.08272 | +0.085% | $26K | $23K | — | as long as short |
| BloFin INIT-USDT | +0.0114% | 4h | 0.08277 | +0.145% | $151K | $112K | 25x | as long as short |
Variational Omni INIT
BloFin INIT-USDT