Funding you earn now, next payment 08:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.08 per $10,000 · paid last 24h +0.007%
Price spread now: Binance against BingX+0.028%7-day average +0.011% · 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−$117as in the Price arb table
costs, in and out, $10k−$1191.186% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 7 days+0.066%+$7 · spread now +0.028%, 7d avg +0.011%
=The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX M-USDT | 1.4297 | 0.0510 | pay 0.0255% / 4h | 3h 54m | — | $2.4M | — |
| Short | Binance MUSDT | 1.4301 | 0.0525 | get 0.0263% / 4h | 3h 54m | $5.6M | $3.8M | 10x |
BingX M-USDT
Binance MUSDTFunding 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
- $3.24
- Price spread: +0.028% → +0.011%
- $1.73
- Slippage, 4 orders
- −$98.63
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$113.66
- Costs to cover
- 1.186%
- Break-even
- 252.4 days
Slippage from BingX: live order book, 4 min ago; Binance: live order book, 13 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, 4 min ago | 8.42 bp | 26.3 bp −$26 | 89.4 bp −$894 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 1.74 bp | 33.4 bp −$33 | 336.6 bp −$3,366 | 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 | 1.4301 | +0.028% | $4.4M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4290 | −0.049% | $1.9M | $862K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4290 | −0.049% | $1.8M | $252K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4272 | −0.178% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4289 | −0.056% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4299 | +0.014% | $2K | $771K | 20x | as long as short |
| Aster MUSDT | +0.0360% | 4h | 1.4300 | +0.023% | $15K | $87K | 5x | as long as short |
| BingX M-USDTlong | +0.0510% | 4h | 1.4297 | long leg | — | $2.4M | — | |
| MEXC M_USDT | +0.0524% | 4h | 1.4300 | +0.021% | $237K | $105K | 50x | as long as short |
| Binance MUSDTshort | +0.0525% | 4h | 1.4301 | +0.028% | $5.6M | $3.8M | 10x |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.0562% | 4h | 1.4276 | −0.147% | $361K | $449K | 10x | as long as short |
| KuCoin MUSDTM | +0.1422% | 4h | 1.4144 | −1.072% | $1.4M | $3.9M | 10x | as long as short |
BloFin M-USDT
KuCoin MUSDTM