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+0.015%7-day average −0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$810.810% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 7 days−0.051%−$5 · spread now +0.015%, 7d avg −0.070%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.085% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.070%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX USUAL-USDT | 0.01379 | 0.0100 | pay 0.0050% / 4h | 48m 29s | — | $1.2M | — |
| Short | Binance USUALUSDT | 0.01379 | 0.0100 | get 0.0050% / 4h | 48m 29s | $2.1M | $3.4M | 50x |
BingX USUAL-USDT
Binance USUALUSDTFunding 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: +0.015% → −0.070%
- $8.46
- Slippage, 4 orders
- −$61.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$72.56
- Costs to cover
- 0.810%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Binance: live order book, 3 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, 7 min ago | 4.39 bp | 14.8 bp −$15 | 59.3 bp −$593 | 512.8 bp −$51.3K | 737.8 bp −$368.9K |
| Sell Binance live order book, 3 min ago | 0.37 bp | 28.0 bp −$28 | 141.3 bp −$1,413 | doesn't fit | doesn't fit |
USUAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4582% | 1h | 0.01352 | −1.965% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0767% | 1h | 0.01373 | −0.454% | $112K | $18K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01380 | +0.065% | $397K | $203K | 3x | as long as short |
| Binance USUALUSDTshort | +0.0100% | 4h | 0.01379 | +0.015% | $2.1M | $3.4M | 50x | |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01382 | +0.196% | $1.0M | $829K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01379 | −0.007% | $921K | $203K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01379 | −0.022% | $6.0M | $246K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01378 | −0.080% | $282K | $60K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01380 | +0.065% | $842K | $463K | 50x | as long as short |
| BingX USUAL-USDTlong | +0.0100% | 4h | 0.01379 | long leg | — | $1.2M | — |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01367 | −0.857% | $9K | $208 | — | as long as short |
Variational Omni USUAL