Settings8H · net · $10k
Funding arb · Price arb /

ACT

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.07 per $10,000 · paid last 24h −0.016%
Price spread now: Bybit against BingX+0.181%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$292as in the Funding arb table
Net, price: spread back to 7d avg − costs−$275as in the Price arb table
costs, in and out, $10k−$2912.908% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.016%−$2 on $10k
Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.181%, 7d avg +0.018%
Together, before fees−0.186%−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bybit is 0.163% dearer against BingX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ACT-USDT0.011070.0168pay 0.0084% / 4h1h 18m$1.2M
ShortBybit ACTUSDT0.011090.0183get 0.0091% / 4h1h 18m$602K$419K25x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$3.12
Price spread: +0.181% → +0.018%
$16.29
Slippage, 4 orders
−$269.79
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$271.38
Costs to cover
2.908%
Break-even
615.7 days
Slippage from BingX: live order book, 2 min ago; Bybit: live order book, 37 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 2 min ago5.41 bp24.4 bp −$24185.1 bp −$1,851622.9 bp −$62.3K927.9 bp −$464.0K
Sell Bybit live order book, 37 min ago4.07 bp116.0 bp −$116doesn't fitdoesn't fitdoesn't fit

ACT on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ACTUSDT+0.0100%4h0.01107−0.014%$2.1M$2.3M10xas long as short
Gate ACT_USDT+0.0100%4h0.01108+0.063%$148K$80K25xas long as short
MEXC ACT_USDT+0.0100%4h0.011070.000%$6.4M$110K20xas long as short
Bitget ACTUSDT+0.0100%4h0.01108+0.063%$265K$88K10xas long as short
BingX ACT-USDTlong+0.0168%4h0.01107long leg$1.2M
Bybit ACTUSDTshort+0.0183%4h0.01109+0.181%$602K$419K25x
OKX ACT-USDT-SWAP+0.0220%4h0.01108+0.054%$791K$1.4M10xas long as short