Funding you earn now, next payment 00:00 UTC+0.0123%/8h= +13.4% APRnext payment +$0.61 per $10,000 · paid last 24h −0.012%
Price spread now: Binance against BingX−0.030%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1461.464% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 7 days−0.016%−$2 · spread now −0.030%, 7d avg −0.100%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.070% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.100%. Mind the row above: over the last 7 days funding on this pair cost −0.094%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX US-USDT | 0.01640 | 0.0554 | pay 0.0277% / 4h | 50m 18s | — | $1.3M | — |
| Short | Binance USUSDT | 0.01640 | 0.0676 | get 0.0338% / 4h | 50m 18s | $9.2M | $3.1M | 10x |
BingX US-USDT
Binance USUSDTFunding 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
- $25.73
- Price spread: −0.030% → −0.100%
- $6.99
- Slippage, 4 orders
- −$126.39
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$113.67
- Costs to cover
- 1.464%
- Break-even
- 37.9 days
Slippage from BingX: live order book, 5 min ago; Binance: 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, 5 min ago | 6.71 bp | 35.5 bp −$36 | 169.9 bp −$1,699 | 1096.9 bp −$109.7K | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.31 bp | 37.2 bp −$37 | 219.9 bp −$2,199 | doesn't fit | doesn't fit |
US on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTM | −0.0134% | 4h | 0.01632 | −0.524% | $4.2M | $278K | 20x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01641 | +0.037% | $3.2M | $860K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01638 | −0.134% | $2.1M | $546K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01641 | +0.024% | $16K | $3K | — | as long as short |
| BingX US-USDTlong | +0.0554% | 4h | 0.01640 | long leg | — | $1.3M | — | |
| Aster USUSDT | +0.0556% | 4h | 0.01636 | −0.287% | $12K | $55K | 5x | as long as short |
| Bitget USUSDT | +0.0594% | 4h | 0.01642 | +0.122% | $4.3M | $249K | 10x | as long as short |
| MEXC US_USDT | +0.0640% | 4h | 0.01640 | −0.037% | $5.5M | $114K | 100x | as long as short |
| BloFin US-USDT | +0.0646% | 4h | 0.01639 | −0.061% | $476K | $49K | 10x | as long as short |
| Binance USUSDTshort | +0.0676% | 4h | 0.01640 | −0.030% | $9.2M | $3.1M | 10x |
KuCoin USUSDTM
Bybit USUSDT
Gate US_USDT
Variational Omni US
Aster USUSDT
Bitget USUSDT
MEXC US_USDT
BloFin US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended US-USD | +0.0680% | 1h | 0.01639 | −0.057% | $4K | $141K | 5x | as long as short |
Extended US-USD