Funding you earn now, next payment 00:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against BingX−0.200%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1071.068% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 7 days+0.301%+$30 · spread now −0.200%, 7d avg +0.018%
=Funding pays, the price is against you. Binance is 0.218% cheaper against BingX than usual: you would sell low and buy high (spread −0.200% now, against its 7-day average of +0.018%). If the spread goes back, that is −$22 on $10k: about 2 months of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.094% in total) that is about 16 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SYN-USDT | 0.2645 | 0.0102 | pay 0.0051% / 4h | 2h 29m | — | $3.1M | — |
| Short | Binance SYNUSDT | 0.2640 | 0.0112 | get 0.0056% / 4h | 2h 29m | $13.5M | $39.0M | 10x |
BingX SYN-USDT
Binance SYNUSDTFunding 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
- $2.16
- Price spread: −0.200% → +0.018%
- −$21.81
- Slippage, 4 orders
- −$86.8
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$126.45
- Costs to cover
- 1.068%
- Break-even
- 417.0 days
Slippage from BingX: live order book, 11 min ago; Binance: live order book, 13 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, 11 min ago | 6.67 bp | 29.1 bp −$29 | 106.4 bp −$1,064 | 805.4 bp −$80.5K | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.19 bp | 23.5 bp −$24 | 145.5 bp −$1,455 | doesn't fit | 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 | −0.0099% | 1h | 0.2635 | −0.383% | $210K | $485K | 10x | as long as short |
| Bitget SYNUSDT | +0.0100% | 4h | 0.2648 | +0.117% | $1.6M | $3.1M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2631 | −0.533% | $4K | $37K | 10x | as long as short |
| Phemex SYNUSDT | +0.0100% | 4h | 0.2641 | −0.163% | $1.7M | $1.7M | 50x | as long as short |
| BingX SYN-USDTlong | +0.0102% | 4h | 0.2645 | long leg | — | $3.1M | — | |
| MEXC SYN_USDT | +0.0112% | 4h | 0.2647 | +0.076% | $3.3M | $6.9M | 50x | as long as short |
| Binance SYNUSDTshort | +0.0112% | 4h | 0.2640 | −0.200% | $13.5M | $39.0M | 10x | |
| Aster SYNUSDT | +0.1464% | 4h | 0.2646 | +0.038% | $3.0M | $803K | 5x | as long as short |
Kraken Futures PF_SYNUSD
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
Phemex SYNUSDT
MEXC SYN_USDT
Aster SYNUSDT