Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.039%
Price spread now: Binance against BingX−0.102%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$390.388% of the position
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 7 days+0.128%+$13 · spread now −0.102%, 7d avg +0.037%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.139% cheaper against BingX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX OP-USDT | 0.1270 | 0.0100 | pay 0.0100% / 8h | 1h 32m | — | $6.8M | — |
| Short | Binance OPUSDT | 0.1269 | 0.0100 | get 0.0100% / 8h | 1h 32m | $20.6M | $62.0M | 75x |
BingX OP-USDT
Binance OPUSDTFunding 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: −0.102% → +0.037%
- −$13.91
- Slippage, 4 orders
- −$18.85
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$52.76
- Costs to cover
- 0.388%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Binance: live order book, 10 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 | 0.40 bp | 8.4 bp −$8 | 13.7 bp −$137 | 74.7 bp −$7,467 | 365.0 bp −$182.5K |
| Sell Binance live order book, 10 min ago | 0.40 bp | 10.5 bp −$11 | 21.9 bp −$219 | 94.0 bp −$9,400 | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1710% | 1h | 0.1259 | −0.858% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1266 | −0.276% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0360% | 1h | 0.1253 | −1.331% | $21K | $63K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1267 | −0.228% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1267 | −0.228% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1267 | −0.243% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0037% | 8h | 0.1262 | −0.661% | $234K | $48K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0056% | 8h | 0.1266 | −0.307% | $6K | $49K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1267 | −0.197% | $276K | $904K | 15x | as long as short |
| OKX OP-USDT-SWAP | +0.0099% | 8h | 0.1269 | −0.094% | $5.9M | $29.9M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1268 | −0.134% | $4.1M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1267 | −0.252% | $212K | $241K | 10x | as long as short |
| Binance OPUSDTshort | +0.0100% | 8h | 0.1269 | −0.102% | $20.6M | $62.0M | 75x | |
| Bybit OPUSDT | +0.0100% | 8h | 0.1268 | −0.173% | $18.5M | $25.2M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1270 | −0.008% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1268 | −0.165% | $20.0M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1267 | −0.228% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1269 | −0.071% | $6.0M | $6.2M | 75x | as long as short |
| BingX OP-USDTlong | +0.0100% | 8h | 0.1270 | long leg | — | $6.8M | — | |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1266 | −0.323% | $125K | $190K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1263 | −0.509% | $11K | $381K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1265 | −0.409% | $316K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1264 | −0.465% | $45K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1266 | −0.331% | $184 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1267 | −0.244% | $175K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1270 | 0.000% | $101K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1267 | −0.268% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1267 | −0.252% | $999K | $282K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0227% | 1h | 0.1267 | −0.266% | $791K | $740K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0437% | 1h | 0.1269 | −0.072% | $706 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP