Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: BingX against Backpack−0.135%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.135% cheaper against Backpack than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack W_USDC_PERP | 0.01182 | 0.0100 | pay 0.0013% / 1h | 17m 46s | $44K | $42K | 15x |
| Short | BingX W-USDT | 0.01180 | 0.0100 | get 0.0050% / 4h | 2h 17m | — | $6.7M | — |
Backpack W_USDC_PERP
BingX W-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Backpack. 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
- $0
- Price spread: −0.135% → 0.000%
- −$13.54
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$33.54
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; BingX: live order book, 5 min ago. Net counts fees only.
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 Backpack no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 5 min ago | 4.28 bp | 26.5 bp −$26 | 32.6 bp −$326 | 294.9 bp −$29.5K | 982.2 bp −$491.1K |
Backpack: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | +0.0004% | 1h | 0.01181 | −0.051% | $14K | $3K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.284% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01180 | −0.169% | $2.0M | $287K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01179 | −0.254% | $3.0M | $5.5M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01177 | −0.398% | $4.1M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01179 | −0.296% | $1.3M | $1.6M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01179 | −0.262% | $427K | $248K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01179 | −0.262% | $12.3M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01179 | −0.254% | $393K | $194K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01181 | −0.085% | $1.3M | $582K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDTshort | +0.0100% | 4h | 0.01180 | −0.135% | — | $6.7M | — | |
| Backpack W_USDC_PERPlong | +0.0100% | 1h | 0.01182 | long leg | $44K | $42K | 15x | |
| Variational Omni W | +0.0100% | 4h | 0.01175 | −0.627% | $72K | $40K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01166 | −1.338% | $123K | $362K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01180 | −0.137% | $59K | $146K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0400% | 1h | 0.01183 | +0.102% | $13K | $14K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1727% | 1h | 0.01183 | +0.104% | $147K | $186K | 20x | as long as short |
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD