M

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0672%/8h= +73.6% APRnext payment +$3.36 per $10,000 · paid last 24h +0.025%

Price spread now: BingX against Binance+0.030%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1121.116% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.030%, 7d avg −0.009%

Together, before fees−0.177%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and BingX is 0.039% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.009%. Mind the row above: over the last 7 days funding on this pair cost −0.086%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MUSDT	1.3491	0.0514	pay 0.0257% / 4h	3h 53m	$5.4M	$3.9M	10x
Short	BingX M-USDT	1.3495	0.1186	get 0.0593% / 4h	3h 53m	—	$2.4M	—

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BingXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $141.17
Price spread: +0.030% → −0.009%: $3.89
Slippage, 4 orders: −$91.61
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $33.46
Costs to cover: 1.116%
Break-even: 5.3 days

Slippage from Binance: live order book, 14 min ago; BingX: live order book, 11 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, 14 min ago	0.37 bp	32.7 bp −$33	400.0 bp −$4,000	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	3.71 bp	21.2 bp −$21	163.6 bp −$1,636	doesn't fit	doesn't fit

M on 12 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
Bybit MUSDT	+0.0100%	4h	1.3480	−0.082%	$4.2M	$1.7M	20x	as long as short
Gate M_USDT	+0.0100%	8h	1.3467	−0.178%	$1.8M	$886K	10x	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.3490	−0.007%	$2K	$510	10x	as long as short
SunX M-USDT	+0.0100%	4h	1.3500	+0.067%	$2K	$883K	20x	as long as short
Aster MUSDT	+0.0242%	4h	1.3487	−0.028%	$12K	$83K	5x	as long as short
BloFin M-USDT	+0.0504%	4h	1.3493	+0.015%	$345K	$444K	10x	as long as short
Binance MUSDTlong	+0.0514%	4h	1.3491	long leg	$5.4M	$3.9M	10x
MEXC M_USDT	+0.0522%	4h	1.3494	+0.022%	$234K	$107K	50x	as long as short
Variational Omni M	+0.0969%	4h	1.3441	−0.372%	$90K	$49K	—	as long as short
BingX M-USDTshort	+0.1186%	4h	1.3495	+0.030%	—	$2.4M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MUSDT	+0.1242%	4h	1.3486	−0.037%	$1.7M	$247K	10x	as long as short
KuCoin MUSDTM	+0.2108%	4h	1.3345	−1.080%	$1.3M	$3.6M	10x	as long as short