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: Binance against BingX+0.071%7-day average +0.055% · 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−$105as in the Price arb table
costs, in and out, $10k−$1071.069% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days−0.044%−$4 · spread now +0.071%, 7d avg +0.055%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX INIT-USDT | 0.08161 | 0.0100 | pay 0.0050% / 4h | 2h 36m | — | $6.6M | — |
| Short | Binance INITUSDT | 0.08167 | 0.0100 | get 0.0050% / 4h | 2h 36m | $3.4M | $3.6M | 25x |
BingX INIT-USDT
Binance INITUSDTFunding 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: +0.071% → +0.055%
- $1.52
- Slippage, 4 orders
- −$86.88
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$105.36
- Costs to cover
- 1.069%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 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, 5 min ago | 4.90 bp | 27.3 bp −$27 | 75.8 bp −$758 | 506.6 bp −$50.7K | 770.9 bp −$385.4K |
| Sell Binance live order book, 15 min ago | 3.06 bp | 28.7 bp −$29 | 83.2 bp −$832 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid INIT | +0.0100% | 1h | 0.08162 | +0.009% | $296K | $235K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08166 | +0.066% | $27K | $36K | 5x | as long as short |
| Binance INITUSDTshort | +0.0100% | 4h | 0.08167 | +0.071% | $3.4M | $3.6M | 25x | |
| Bybit INITUSDT | +0.0100% | 4h | 0.08159 | −0.025% | $1.4M | $1.4M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08183 | +0.270% | $132K | $631K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08160 | −0.012% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08169 | +0.098% | $444K | $216K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08170 | +0.110% | $325K | $55K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08161 | 0.000% | $426K | $311K | 25x | as long as short |
| BingX INIT-USDTlong | +0.0100% | 4h | 0.08161 | long leg | — | $6.6M | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni INIT | +0.0100% | 4h | 0.08158 | −0.042% | $26K | $23K | — | as long as short |
| BloFin INIT-USDT | +0.0110% | 4h | 0.08169 | +0.098% | $154K | $110K | 25x | as long as short |
| Kraken Futures PF_INITUSD | +0.0535% | 1h | 0.08169 | +0.095% | $6K | $17K | 10x | as long as short |
Variational Omni INIT
BloFin INIT-USDT
Kraken Futures PF_INITUSD