Funding you earn now, next payment 00:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.06 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Binance−0.221%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1071.067% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 7 days+0.119%+$12 · spread now −0.221%, 7d avg −0.018%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BingX is 0.203% cheaper against Binance than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SYNUSDT | 0.2642 | 0.0161 | pay 0.0080% / 4h | 1h 30m | $13.6M | $39.4M | 10x |
| Short | BingX SYN-USDT | 0.2636 | 0.0148 | get 0.0074% / 4h | 1h 30m | — | $3.1M | — |
Binance SYNUSDT
BingX SYN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- −$2.66
- Price spread: −0.221% → −0.018%
- −$20.28
- Slippage, 4 orders
- −$86.74
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$129.68
- Costs to cover
- 1.067%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; BingX: 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 Binance live order book, 11 min ago | 0.58 bp | 22.6 bp −$23 | 185.9 bp −$1,859 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 6.24 bp | 30.1 bp −$30 | 128.7 bp −$1,287 | 846.7 bp −$84.7K | doesn't fit |
SYN on 8 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_SYNUSD | −0.0096% | 1h | 0.2641 | −0.048% | $211K | $489K | 10x | as long as short |
| Bitget SYNUSDT | +0.0100% | 4h | 0.2638 | −0.168% | $1.6M | $3.1M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2654 | +0.452% | $4K | $42K | 10x | as long as short |
| Phemex SYNUSDT | +0.0100% | 4h | 0.2638 | −0.149% | $1.7M | $1.7M | 50x | as long as short |
| BingX SYN-USDTshort | +0.0148% | 4h | 0.2636 | −0.221% | — | $3.1M | — | |
| MEXC SYN_USDT | +0.0158% | 4h | 0.2642 | −0.002% | $3.3M | $7.0M | 50x | as long as short |
| Binance SYNUSDTlong | +0.0161% | 4h | 0.2642 | long leg | $13.6M | $39.4M | 10x | |
| Aster SYNUSDT | +0.1531% | 4h | 0.2645 | +0.123% | $2.9M | $812K | 5x | as long as short |
Kraken Futures PF_SYNUSD
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
Phemex SYNUSDT
MEXC SYN_USDT
Aster SYNUSDT