Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.009%
Price spread now: Binance against BingX−0.054%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1161.160% of the position
Funding, last 7 days−0.440%−$44 on $10k
+Price spread, last 7 days−0.019%−$2 · spread now −0.054%, 7d avg −0.056%
=The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.440%, 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 AXL-USDT | 0.05222 | 0.0070 | pay 0.0035% / 4h | 47m 19s | — | $2.3M | — |
| Short | Binance AXLUSDT | 0.05219 | 0.0100 | get 0.0050% / 4h | 47m 19s | $1.8M | $4.1M | 50x |
BingX AXL-USDT
Binance AXLUSDTFunding 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
- $6.3
- Price spread: −0.054% → −0.056%
- $0.23
- Slippage, 4 orders
- −$95.97
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$109.44
- Costs to cover
- 1.160%
- Break-even
- 128.6 days
Slippage from BingX: live order book, 1 min ago; Binance: live order book, 5 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, 1 min ago | 4.79 bp | 25.5 bp −$25 | 99.5 bp −$995 | 596.5 bp −$59.7K | 784.3 bp −$392.1K |
| Sell Binance live order book, 5 min ago | 1.91 bp | 33.2 bp −$33 | 155.9 bp −$1,559 | doesn't fit | doesn't fit |
AXL on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX AXL-USDTlong | +0.0070% | 4h | 0.05222 | long leg | — | $2.3M | — | |
| Aster AXLUSDT | +0.0100% | 4h | 0.05222 | −0.001% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDTshort | +0.0100% | 4h | 0.05219 | −0.054% | $1.8M | $4.1M | 50x | |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05221 | −0.019% | $1.4M | $1.9M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05220 | −0.038% | $349K | $159K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05217 | −0.096% | $437K | $94K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05220 | −0.038% | $574K | $302K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05224 | +0.045% | $6K | $24K | — | as long as short |
| BloFin AXL-USDT | +0.0133% | 4h | 0.05227 | +0.096% | $122K | $11K | 50x | as long as short |
Aster AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL
BloFin AXL-USDT