Funding you earn now, next payment 08:00 UTC−0.0102%/8h= −11.1% APRnext payment −$0.51 per $10,000 · paid last 24h −0.016%
Price spread now: Binance against BingX−0.035%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1361.356% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 7 days0.000%$0 · spread now −0.035%, 7d avg −0.098%
=The price spread pays, funding is against you. Binance is 0.062% dearer against BingX than usual: you sell high and buy low (spread −0.035% now, against its 7-day average of −0.098%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 7 days (−0.101% in total) that is about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX US-USDT | 0.01632 | 0.0370 | pay 0.0185% / 4h | 2h 57m | — | $1.3M | — |
| Short | Binance USUSDT | 0.01631 | 0.0268 | get 0.0134% / 4h | 2h 57m | $9.1M | $3.2M | 10x |
BingX US-USDT
Binance USUSDTFunding 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
- −$21.36
- Price spread: −0.035% → −0.098%
- $6.23
- Slippage, 4 orders
- −$115.58
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$150.71
- Costs to cover
- 1.356%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Binance: live order book, 12 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, 3 min ago | 9.81 bp | 51.0 bp −$51 | 218.9 bp −$2,189 | 1278.8 bp −$127.9K | doesn't fit |
| Sell Binance live order book, 12 min ago | 3.68 bp | 12.2 bp −$12 | 21.3 bp −$213 | doesn't fit | doesn't fit |
US on 11 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 USUSDT | +0.0100% | 4h | 0.01633 | +0.074% | $3.2M | $934K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01629 | −0.196% | $2.0M | $587K | 20x | as long as short |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01621 | −0.656% | $4.0M | $361K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01633 | +0.074% | $16K | $3K | — | as long as short |
| Aster USUSDT | +0.0199% | 4h | 0.01630 | −0.145% | $12K | $54K | 5x | as long as short |
| BloFin US-USDT | +0.0257% | 4h | 0.01631 | −0.055% | $481K | $49K | 10x | as long as short |
| MEXC US_USDT | +0.0268% | 4h | 0.01631 | −0.043% | $5.5M | $112K | 100x | as long as short |
| Binance USUSDTshort | +0.0268% | 4h | 0.01631 | −0.035% | $9.1M | $3.2M | 10x | |
| Extended US-USD | +0.0272% | 1h | 0.01631 | −0.065% | $4K | $168K | 5x | as long as short |
| Bitget USUSDT | +0.0366% | 4h | 0.01632 | −0.018% | $4.3M | $259K | 10x | as long as short |
Bybit USUSDT
Gate US_USDT
KuCoin USUSDTM
Variational Omni US
Aster USUSDT
BloFin US-USDT
MEXC US_USDT
Extended US-USD
Bitget USUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX US-USDTlong | +0.0370% | 4h | 0.01632 | long leg | — | $1.3M | — |