Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Binance−0.104%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1171.167% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days+0.077%+$8 · spread now −0.104%, 7d avg −0.056%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.048% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.056%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance INITUSDT | 0.08210 | 0.0100 | pay 0.0050% / 4h | 55m 26s | $3.4M | $3.6M | 25x |
| Short | BingX INIT-USDT | 0.08201 | 0.0100 | get 0.0050% / 4h | 55m 26s | — | $6.6M | — |
Binance INITUSDT
BingX INIT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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: −0.104% → −0.056%
- −$4.84
- Slippage, 4 orders
- −$96.69
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$121.52
- Costs to cover
- 1.167%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; BingX: live order book, 7 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 Binance live order book, 11 min ago | 2.44 bp | 27.5 bp −$27 | 98.1 bp −$981 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 7.95 bp | 29.6 bp −$30 | 83.3 bp −$833 | 512.5 bp −$51.2K | 842.9 bp −$421.5K |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin INIT-USDT | +0.0076% | 4h | 0.08189 | −0.250% | $152K | $110K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08203 | −0.074% | $298K | $233K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08186 | −0.288% | $27K | $36K | 5x | as long as short |
| Binance INITUSDTlong | +0.0100% | 4h | 0.08210 | long leg | $3.4M | $3.6M | 25x | |
| Bybit INITUSDT | +0.0100% | 4h | 0.08197 | −0.153% | $1.4M | $1.4M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08214 | +0.054% | $133K | $635K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08173 | −0.445% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08208 | −0.019% | $446K | $218K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08185 | −0.299% | $326K | $54K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08200 | −0.116% | $428K | $310K | 25x | as long as short |
BloFin INIT-USDT
Hyperliquid INIT
Aster INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDTshort | +0.0100% | 4h | 0.08201 | −0.104% | — | $6.6M | — | |
| Variational Omni INIT | +0.0100% | 4h | 0.08170 | −0.477% | $26K | $23K | — | as long as short |
| Kraken Futures PF_INITUSD | +0.0497% | 1h | 0.08198 | −0.137% | $5K | $17K | 10x | as long as short |
Variational Omni INIT
Kraken Futures PF_INITUSD