Funding you earn now, next payment 08:00 UTC−0.0558%/8h= −61.1% APRnext payment −$2.79 per $10,000 · paid last 24h −0.169%
Price spread now: Bitget against BingX+0.132%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1351.351% of the position
Funding, last 7 days−0.309%−$31 on $10k
+Price spread, last 7 days+0.109%+$11 · spread now +0.132%, 7d avg +0.018%
=The price spread pays, funding is against you. Bitget is 0.114% dearer against BingX than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.018%): +$11 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.309% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.309% in total (about -16.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.79 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 | 1.3586 | 0.0844 | pay 0.0422% / 4h | 2h 18m | — | $2.4M | — |
| Short | Bitget MUSDT | 1.3604 | 0.0286 | get 0.0143% / 4h | 2h 18m | $1.8M | $247K | 10x |
BingX M-USDT
Bitget MUSDTFunding 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
- −$117.18
- Price spread: +0.132% → +0.018%
- $11.43
- Slippage, 4 orders
- −$113.11
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$240.86
- Costs to cover
- 1.351%
- Break-even
- never at this rate
Slippage from BingX: live order book, 16 min ago; Bitget: live order book, 4 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, 16 min ago | 6.98 bp | 16.3 bp −$16 | 40.8 bp −$408 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 9.18 bp | 51.8 bp −$52 | 384.0 bp −$3,840 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate M_USDT | +0.0100% | 8h | 1.3586 | 0.000% | $1.8M | $914K | 10x | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.3595 | +0.066% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.3631 | +0.331% | $2K | $828K | 20x | as long as short |
| Bitget MUSDTshort | +0.0286% | 4h | 1.3604 | +0.132% | $1.8M | $247K | 10x | |
| Bybit MUSDT | +0.0460% | 4h | 1.3590 | +0.029% | $4.2M | $1.8M | 20x | as long as short |
| Aster MUSDT | +0.0581% | 4h | 1.3589 | +0.026% | $14K | $83K | 5x | as long as short |
| Variational Omni M | +0.0755% | 4h | 1.3600 | +0.100% | $84K | $43K | — | as long as short |
| BloFin M-USDT | +0.0817% | 4h | 1.3616 | +0.221% | $347K | $442K | 10x | as long as short |
| BingX M-USDTlong | +0.0844% | 4h | 1.3586 | long leg | — | $2.4M | — | |
| MEXC M_USDT | +0.0872% | 4h | 1.3581 | −0.037% | $228K | $109K | 50x | as long as short |
Gate M_USDT
Orderly PERP_M_USDC
SunX M-USDT
Bybit MUSDT
Aster MUSDT
Variational Omni M
BloFin M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDT | +0.0883% | 4h | 1.3584 | −0.015% | $5.4M | $3.9M | 10x | as long as short |
| KuCoin MUSDTM | +0.2270% | 4h | 1.3464 | −0.894% | $1.4M | $3.8M | 10x | as long as short |
Binance MUSDT
KuCoin MUSDTM