Funding you earn now, next payment 04:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.08 per $10,000 · paid last 24h +0.149%
Price spread now: Binance against BingX+0.012%7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1111.108% of the position
Funding, last 7 days+0.789%+$79 on $10k
+Price spread, last 7 days+0.124%+$12 · spread now +0.012%, 7d avg −0.040%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Binance is 0.052% dearer against BingX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BTW-USDT | 0.8041 | 0.1064 | pay 0.0532% / 4h | 3h 57m | — | $4.4M | — |
| Short | Binance BTWUSDT | 0.8042 | 0.1080 | get 0.0540% / 4h | 3h 57m | $112.0M | $167.6M | 10x |
BingX BTW-USDT
Binance BTWUSDTFunding 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
- $3.26
- Price spread: +0.012% → −0.040%
- $5.2
- Slippage, 4 orders
- −$90.82
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$102.35
- Costs to cover
- 1.108%
- Break-even
- 226.5 days
Slippage from BingX: live order book, 12 min ago; Binance: live order book, 15 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, 12 min ago | 0.62 bp | 20.5 bp −$20 | 119.3 bp −$1,193 | 670.1 bp −$67.0K | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.62 bp | 28.7 bp −$29 | 169.8 bp −$1,698 | doesn't fit | doesn't fit |
BTW 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.8058 | +0.215% | $200K | $741K | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0956% | 4h | 0.8053 | +0.153% | $7.3M | $4.8M | 10x | as long as short |
| Aster BTWUSDT | +0.1053% | 4h | 0.8040 | −0.010% | $2.2M | $2.9M | 5x | as long as short |
| BingX BTW-USDTlong | +0.1064% | 4h | 0.8041 | long leg | — | $4.4M | — | |
| Binance BTWUSDTshort | +0.1080% | 4h | 0.8042 | +0.012% | $112.0M | $167.6M | 10x | |
| Extended BTW-USD | +0.1080% | 1h | 0.8045 | +0.054% | $38K | $11K | 5x | as long as short |
| MEXC BTW_USDT | +0.1088% | 4h | 0.8053 | +0.149% | $9.7M | $6.1M | 20x | as long as short |
| Bitget BTWUSDT | +0.1096% | 4h | 0.8057 | +0.201% | $25.5M | $13.4M | 5x | as long as short |
| edgeX BTWUSDC | +0.1115% | 4h | 0.8045 | +0.052% | $332K | $501K | 10x | as long as short |
| Bybit BTWUSDT | +0.1227% | 4h | 0.8028 | −0.164% | $15.7M | $38.4M | 10x | as long as short |
HTX BTW-USDT
KuCoin BTWUSDTM
Aster BTWUSDT
Extended BTW-USD
MEXC BTW_USDT
Bitget BTWUSDT
edgeX BTWUSDC
Bybit BTWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDT | +0.1564% | 4h | 0.8024 | −0.205% | $3.4M | $15.9M | 10x | as long as short |
Gate BTW_USDT