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: BingX against Bybit+0.055%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$640.641% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 7 days−0.016%−$2 · spread now +0.055%, 7d avg +0.029%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.026% dearer against Bybit than usual: you sell high and buy low, +$3 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 | Bybit ALGOUSDT | 0.1091 | 0.0100 | pay 0.0100% / 8h | 2h 23m | $10.9M | $12.7M | 75x |
| Short | BingX ALGO-USDT | 0.1091 | 0.0100 | get 0.0100% / 8h | 2h 23m | — | $3.3M | — |
Bybit ALGOUSDT
BingX ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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: +0.055% → +0.029%
- $2.55
- Slippage, 4 orders
- −$43.07
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$61.51
- Costs to cover
- 0.641%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; BingX: 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 Bybit live order book, 5 min ago | 0.92 bp | 12.5 bp −$12 | 51.1 bp −$511 | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 5.03 bp | 18.6 bp −$19 | 39.0 bp −$390 | 175.8 bp −$17.6K | 645.8 bp −$322.9K |
ALGO on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0299% | 1h | 0.1092 | +0.083% | $86K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1092 | +0.111% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +2.677% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1092 | +0.147% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1092 | +0.071% | $43K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1091 | +0.046% | $9.3M | $35.0M | 75x | as long as short |
| Bybit ALGOUSDTlong | +0.0100% | 8h | 0.1091 | long leg | $10.9M | $12.7M | 75x | |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1092 | +0.073% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1091 | +0.018% | $833K | $928K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1091 | +0.046% | $22.6M | $3.2M | 200x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1091 | +0.009% | $3.4M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1092 | +0.110% | $5.4M | $3.6M | 75x | as long as short |
| BingX ALGO-USDTshort | +0.0100% | 8h | 0.1091 | +0.055% | — | $3.3M | — | |
| Variational Omni ALGO | +0.0100% | 8h | 0.1088 | −0.255% | $60K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1092 | +0.128% | $59K | $136K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1091 | +0.001% | $7K | $196K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0113% | 1h | 0.1092 | +0.110% | $821K | $1.1M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1093 | +0.183% | $62K | $289K | 50x | as long as short |
| Phemex ALGOUSDT | +0.0148% | 8h | 0.1094 | +0.293% | $3.7M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1091 | +0.055% | $469K | $868K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0317% / S −0.0264% | 1h | 0.1092 | +0.123% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1558% | 1h | 0.1092 | +0.155% | $158K | $5K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
Coinbase International ALGO-PERP-INTX
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD