Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%
Price spread now: Bybit against BingX+0.018%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$620.616% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 7 days−0.051%−$5 · spread now +0.018%, 7d avg −0.029%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.047% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ALGO-USDT | 0.1115 | 0.0100 | pay 0.0100% / 8h | 6h 07m | — | $3.3M | — |
| Short | Bybit ALGOUSDT | 0.1115 | 0.0100 | get 0.0100% / 8h | 6h 07m | $11.5M | $12.4M | 75x |
BingX ALGO-USDT
Bybit ALGOUSDTFunding 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: +0.018% → −0.029%
- $4.74
- Slippage, 4 orders
- −$40.55
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$56.82
- Costs to cover
- 0.616%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; Bybit: live order book, 6 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, 12 min ago | 4.02 bp | 13.6 bp −$14 | 28.9 bp −$289 | 288.4 bp −$28.8K | 679.5 bp −$339.7K |
| Sell Bybit live order book, 6 min ago | 1.34 bp | 13.9 bp −$14 | 37.3 bp −$373 | doesn't fit | doesn't fit |
ALGO on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1120 | +0.475% | $71K | $287K | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0019% | 1h | 0.1116 | +0.072% | $101K | $49K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1116 | +0.065% | $17K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.466% | $834 | $233K | 12x | as long as short |
| Variational Omni ALGO | +0.0046% | 8h | 0.1115 | +0.041% | $61K | $12K | — | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1118 | +0.305% | $3.7M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1115 | +0.046% | $44K | $41K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1115 | +0.063% | $9.8M | $34.9M | 75x | as long as short |
| Bybit ALGOUSDTshort | +0.0100% | 8h | 0.1115 | +0.018% | $11.5M | $12.4M | 75x | |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1115 | +0.045% | $2.9M | $7.7M | 50x | as long as short |
Coinbase International ALGO-PERP-INTX
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Variational Omni ALGO
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
OKX ALGO-USDT-SWAPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1116 | +0.108% | $872K | $860K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1116 | +0.135% | $22.8M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1116 | +0.099% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1116 | +0.108% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDTlong | +0.0100% | 8h | 0.1115 | long leg | — | $3.3M | — | |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.090% | $60K | $143K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1117 | +0.197% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1116 | +0.075% | $4K | $232K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0262% | 1h | 0.1116 | +0.141% | $827K | $1.1M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0343% / S −0.0313% | 1h | 0.1116 | +0.085% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1521% | 1h | 0.1115 | +0.012% | $161K | $4K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD