Funding you earn now, next payment 01:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.012%
Price spread now: BingX against dYdX−0.090%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 7 days+0.045%+$4 · spread now −0.090%, 7d avg −0.036%
=Funding pays, the price is against you. BingX is 0.054% cheaper against dYdX than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of −0.036%). If the spread goes back, that is −$5 on $10k: about 4.6 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX BTC-USD | 86,458.7 | 0.0007 | pay 0.0001% / 1h | 55m 09s | $16.9M | $21.2M | 50x |
| Short | BingX BTC-USDC | 86,380.8 | 0.0046 | get 0.0046% / 8h | 7h 55m | — | $15.4M | — |
dYdX BTC-USD
BingX BTC-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against dYdX. 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
- $8.24
- Price spread: −0.090% → −0.036%
- −$5.37
- Slippage, 4 orders
- −$10.98
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$28.1
- Costs to cover
- 0.310%
- Break-even
- 30.9 days
Slippage from dYdX: live order book, 4 min ago; BingX: live order book, 3 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 dYdX live order book, 4 min ago | 2.54 bp | 7.5 bp −$8 | 7.5 bp −$75 | 18.8 bp −$1,882 | 48.8 bp −$24.4K |
| Sell BingX live order book, 3 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 6.1 bp −$608 | 7.8 bp −$3,910 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0536% | 1h | 86,401.4 | −0.066% | $140K | $664K | 40x | as long as short |
| ApeX Omni BTCUSDT | −0.0120% | 1h | 86,477.3 | +0.022% | $141.6M | $323.3M | 100x | as long as short |
| Phoenix BTC | −0.0118% | 1h | 86,544 | +0.099% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,401 | −0.067% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,387 | −0.083% | $361K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,433.8 | −0.029% | $416K | $22.2M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,395.6 | −0.073% | $36.9M | — | 200x | as long as short |
| dYdX BTC-USDlong | +0.0007% | 1h | 86,458.7 | long leg | $16.9M | $21.2M | 50x | |
| Aster BTCUSDT | +0.0015% | 8h | 86,371.1 | −0.101% | $501.0M | $1.15B | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,616 | +0.182% | $333K | $26.9M | 52x | as long as short |
Bluefin BTC-PERP
ApeX Omni BTCUSDT
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BTC_USDT_Perp | +0.0026% | 8h | 86,468.8 | +0.012% | $217.1M | $171.1M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0029% | 8h | 86,372.6 | −0.100% | $833.4M | $727.4M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0040% | 1h | 86,372.9 | −0.099% | $6.7M | $145.7M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0045% | 1h | 86,391.5 | −0.078% | $906.8M | $1.50B | 50x | as long as short |
| BingX BTC-USDCshort | +0.0046% | 8h | 86,380.8 | −0.090% | — | $15.4M | — | |
| SoDEX BTC-USD | +0.0047% | 1h | 86,353 | −0.122% | $60.4M | $338.1M | 40x | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,383.9 | −0.087% | $8.3M | $42.9M | 25x | as long as short |
| Bitget BTCUSDT | +0.0059% | 8h | 86,396.1 | −0.072% | $2.96B | $5.11B | 150x | as long as short |
| Binance BTCUSDT | +0.0076% | 8h | 86,366.6 | −0.107% | $9.43B | $24.53B | 150x | as long as short |
| MEXC BTC_USDT | +0.0076% | 8h | 86,358.8 | −0.116% | $5.14B | $5.64B | 500x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,444.5 | −0.016% | $2.5M | $1.4M | 20x | as long as short |
| HTX BTC-USDT | +0.0085% | 8h | 86,351.9 | −0.124% | $2.29B | $969.3M | 200x | as long as short |
| Popdex BTCUSDT | +0.0088% | 1h | 86,381 | −0.090% | $8.4M | $52.3M | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,371.4 | −0.101% | $170.0M | $980.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,374.5 | −0.097% | $23.7M | $148.6M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,363 | −0.111% | $198K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,418.2 | −0.047% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,407.6 | −0.059% | $22.1M | $233.2M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,454 | −0.005% | $3.79B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,426 | −0.038% | $40.7M | $540.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,381.5 | −0.089% | $5.26B | $9.77B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,406.4 | −0.060% | $2.55B | $12.70B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,424 | −0.040% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,420.7 | −0.044% | $7.3M | $96.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,523.6 | +0.075% | $572.9M | $12.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,402 | −0.066% | $5.85B | $10.43B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,380.9 | −0.090% | $37.7M | $156.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,440 | −0.022% | $157.9M | $568.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,483.7 | +0.029% | $279.3M | $947.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,422.6 | −0.042% | $30.7M | $208.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,437 | −0.025% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,377 | −0.094% | $11.0M | $14.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,377 | −0.095% | $193K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,368.5 | −0.104% | $2.5M | $9.3M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,393.6 | −0.075% | $30.5M | $62.7M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,395.6 | −0.073% | $3.4M | $5.3M | 100x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,373 | −0.099% | $152.8M | $479.2M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,333.8 | −0.145% | $45.8M | $224.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,425.1 | −0.039% | — | $100.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,405 | −0.062% | $132.7M | $5.60B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,390 | −0.079% | $192.8M | $952.8M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0166% | 1h | 86,518.1 | +0.069% | $78K | $218K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0176% | 1h | 86,443.7 | −0.017% | $715K | $8.0M | 30x | as long as short |
| BloFin BTC-USDT | +0.0196% | 8h | 86,351.5 | −0.124% | $414.8M | $657.9M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0222% | 1h | 86,388.5 | −0.081% | $14.8M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0212% | 8h | 86,419 | −0.046% | $9.2M | $758.2M | 6.4x | as long as short |
GRVT BTC_USDT_Perp
KuCoin XBTUSDTM
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
SoDEX BTC-USD
RISEx BTC/USDC
Bitget BTCUSDT
Binance BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
HTX BTC-USDT
Popdex BTCUSDT
Lighter BTC
Lighter RH BTC
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP