Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Bybit against BingX+0.038%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1141.136% of the position
Funding, last 7 days−0.526%−$53 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.038%, 7d avg +0.050%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 2Z-USDT | 0.05236 | 0.0100 | pay 0.0050% / 4h | 3h 33m | — | $6.5M | — |
| Short | Bybit 2ZUSDT | 0.05238 | 0.0100 | get 0.0050% / 4h | 3h 33m | $721K | $963K | 50x |
BingX 2Z-USDT
Bybit 2ZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.038% → +0.050%
- −$1.15
- Slippage, 4 orders
- −$92.6
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$114.75
- Costs to cover
- 1.136%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Bybit: live order book, 2 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 | 6.68 bp | 36.4 bp −$36 | 93.2 bp −$932 | 810.1 bp −$81.0K | 1183.4 bp −$591.7K |
| Sell Bybit live order book, 2 min ago | 3.82 bp | 23.7 bp −$24 | 539.3 bp −$5,393 | doesn't fit | doesn't fit |
2Z on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack 2Z_USDC_PERP | −0.0657% | 1h | 0.05229 | −0.134% | $45K | $22K | 5x | as long as short |
| Injective 2Z/USDC PERP | +0.0033% | 1h | 0.04980 | −4.889% | $867 | $213 | 5.5x | as long as short |
| Lighter 2Z | +0.0096% | 1h | 0.05244 | +0.153% | $17K | $6K | 3x | as long as short |
| Hyperliquid 2Z | +0.0100% | 1h | 0.05236 | 0.000% | $676K | $353K | 3x | as long as short |
| Aster 2ZUSDT | +0.0100% | 4h | 0.05237 | +0.015% | $12K | $57K | 5x | as long as short |
| Pacifica 2Z | +0.0100% | 1h | 0.05234 | −0.042% | $75K | $15K | 3x | as long as short |
| Binance 2ZUSDT | +0.0100% | 4h | 0.05230 | −0.109% | $2.1M | $2.2M | 50x | as long as short |
| Bybit 2ZUSDTshort | +0.0100% | 4h | 0.05238 | +0.038% | $721K | $963K | 50x | |
| OKX 2Z-USDT-SWAP | +0.0100% | 4h | 0.05233 | −0.057% | $449K | $713K | 20x | as long as short |
| Gate 2Z_USDT | +0.0100% | 4h | 0.05241 | +0.095% | $91K | $61K | 50x | as long as short |
Backpack 2Z_USDC_PERP
Injective 2Z/USDC PERP
Lighter 2Z
Hyperliquid 2Z
Aster 2ZUSDT
Pacifica 2Z
Binance 2ZUSDT
OKX 2Z-USDT-SWAP
Gate 2Z_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC 2Z_USDT | +0.0100% | 4h | 0.05239 | +0.057% | $328K | $131K | 50x | as long as short |
| KuCoin 2ZUSDTM | +0.0100% | 4h | 0.05232 | −0.073% | $179K | $55K | 50x | as long as short |
| Bitget 2ZUSDT | +0.0100% | 4h | 0.05240 | +0.076% | $162K | $625K | 50x | as long as short |
| BingX 2Z-USDTlong | +0.0100% | 4h | 0.05236 | long leg | — | $6.5M | — | |
| Variational Omni 2Z | +0.0100% | 4h | 0.05239 | +0.049% | $33K | $23K | — | as long as short |
| SunX 2Z-USDT | +0.0100% | 4h | 0.05237 | +0.019% | $1K | $1.2M | 20x | as long as short |
| Kraken Futures PF_2ZUSD | +0.0567% | 1h | 0.05242 | +0.110% | $5K | $3K | 10x | as long as short |
MEXC 2Z_USDT
KuCoin 2ZUSDTM
Bitget 2ZUSDT
Variational Omni 2Z
SunX 2Z-USDT
Kraken Futures PF_2ZUSD