Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against BingX+0.030%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1001.005% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 7 days+0.028%+$3 · spread now +0.030%, 7d avg +0.044%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX W-USDT | 0.01194 | 0.0100 | pay 0.0050% / 4h | 3h 07m | — | $6.9M | — |
| Short | Binance WUSDT | 0.01194 | 0.0100 | get 0.0050% / 4h | 3h 07m | $3.0M | $6.7M | 50x |
BingX W-USDT
Binance WUSDTFunding 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
- $0
- Price spread: +0.030% → +0.044%
- −$1.43
- Slippage, 4 orders
- −$80.49
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$101.91
- Costs to cover
- 1.005%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; Binance: live order book, 1 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, 15 min ago | 4.61 bp | 30.4 bp −$30 | 66.4 bp −$664 | 645.6 bp −$64.6K | 1045.5 bp −$522.8K |
| Sell Binance live order book, 1 min ago | 1.67 bp | 19.2 bp −$19 | 69.3 bp −$693 | doesn't fit | doesn't fit |
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 | −0.0503% | 1h | 0.01194 | +0.017% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.265% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01195 | +0.092% | $2.0M | $404K | 5x | as long as short |
| Binance WUSDTshort | +0.0100% | 4h | 0.01194 | +0.030% | $3.0M | $6.7M | 50x | |
| Bybit WUSDT | +0.0100% | 4h | 0.01193 | −0.075% | $4.2M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01194 | +0.025% | $1.3M | $2.0M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01193 | −0.050% | $450K | $284K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01194 | +0.042% | $12.9M | $1.5M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01196 | +0.176% | $454K | $218K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01195 | +0.092% | $1.3M | $569K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
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-USDTlong | +0.0100% | 4h | 0.01194 | long leg | — | $6.9M | — | |
| Variational Omni W | +0.0100% | 4h | 0.01193 | −0.050% | $72K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01195 | +0.093% | $132K | $377K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01194 | +0.027% | $60K | $240K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0280% | 1h | 0.01197 | +0.268% | $14K | $16K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1314% | 1h | 0.01197 | +0.257% | $148K | $181K | 20x | as long as short |
| Backpack W_USDC_PERP | +0.1389% | 1h | 0.01196 | +0.176% | $45K | $47K | 15x | as long as short |
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD
Backpack W_USDC_PERP