M

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0674%/8h= −73.8% APRnext payment −$3.37 per $10,000 · paid last 24h −0.025%

Price spread now: Binance against BingX+0.052%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1081.082% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 7 days+0.009%+$1 · spread now +0.052%, 7d avg +0.009%

Together, before fees+0.095%+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.043% dearer against BingX than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of +0.009%): +$4 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.086%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.086% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.37 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 M-USDT	1.3462	0.1186	pay 0.0593% / 4h	3h 52m	—	$2.4M	—
Short	Binance MUSDT	1.3469	0.0512	get 0.0256% / 4h	3h 52m	$5.3M	$3.9M	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BinancebpOrdersPrice spread, now +0.052%Rate

Funding earned: −$141.61
Price spread: +0.052% → +0.009%: $4.27
Slippage, 4 orders: −$88.24
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$245.58
Costs to cover: 1.082%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Binance: live order book, just now.

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, 12 min ago	3.71 bp	11.2 bp −$11	44.4 bp −$444	doesn't fit	doesn't fit
Sell Binance live order book, just now	1.11 bp	42.3 bp −$42	317.2 bp −$3,172	doesn't fit	doesn't fit

M 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
Bybit MUSDT	+0.0100%	4h	1.3470	+0.059%	$4.2M	$1.7M	20x	as long as short
Gate M_USDT	+0.0100%	8h	1.3440	−0.163%	$1.8M	$887K	10x	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.3474	+0.089%	$2K	$510	10x	as long as short
SunX M-USDT	+0.0100%	4h	1.3474	+0.089%	$2K	$883K	20x	as long as short
Aster MUSDT	+0.0238%	4h	1.3474	+0.086%	$12K	$83K	5x	as long as short
BloFin M-USDT	+0.0504%	4h	1.3493	+0.230%	$345K	$444K	10x	as long as short
Binance MUSDTshort	+0.0512%	4h	1.3469	+0.052%	$5.3M	$3.9M	10x
MEXC M_USDT	+0.0512%	4h	1.3466	+0.030%	$233K	$107K	50x	as long as short
Variational Omni M	+0.0969%	4h	1.3441	−0.158%	$90K	$49K	—	as long as short
BingX M-USDTlong	+0.1186%	4h	1.3462	long leg	—	$2.4M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MUSDT	+0.1242%	4h	1.3459	−0.022%	$1.7M	$247K	10x	as long as short
KuCoin MUSDTM	+0.2096%	4h	1.3340	−0.903%	$1.3M	$3.6M	10x	as long as short