Funding you earn now, next payment 08:00 UTC−0.0342%/8h= −37.4% APRnext payment −$1.71 per $10,000 · paid last 24h −0.013%
Price spread now: Bybit against BingX−0.028%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$448as in the Funding arb table
Net, price: spread back to 7d avg − costs−$450as in the Price arb table
costs, in and out, $10k−$4474.466% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.028%, 7d avg +0.006%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bybit is 0.035% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.71 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ALPINE-USDT | 0.3544 | 0.0442 | pay 0.0221% / 4h | 24m 17s | — | $1.3M | — |
| Short | Bybit ALPINEUSDT | 0.3543 | 0.0100 | get 0.0050% / 4h | 24m 17s | $156K | $15K | 25x |
BingX ALPINE-USDT
Bybit ALPINEUSDTFunding 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
- −$71.82
- Price spread: −0.028% → +0.006%
- −$3.45
- Slippage, 4 orders
- −$425.58
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$521.85
- Costs to cover
- 4.466%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 60 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, 6 min ago | 8.46 bp | 41.6 bp −$42 | 167.7 bp −$1,677 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 60 min ago | 9.86 bp | 248.1 bp −$248 | doesn't fit | doesn't fit | doesn't fit |
ALPINE on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ALPINEUSDTshort | +0.0100% | 4h | 0.3543 | −0.028% | $156K | $15K | 25x | |
| Variational Omni ALPINE | +0.0100% | 4h | 0.3543 | −0.033% | $5K | $1 | — | as long as short |
| Gate ALPINE_USDT | +0.0351% | 8h | 0.3545 | +0.028% | $69K | $14K | 25x | as long as short |
| BingX ALPINE-USDTlong | +0.0442% | 4h | 0.3544 | long leg | — | $1.3M | — | |
| MEXC ALPINE_USDT | +0.0488% | 4h | 0.3542 | −0.056% | $170K | $103K | 50x | as long as short |
| Binance ALPINEUSDT | +0.0489% | 4h | 0.3541 | −0.085% | $1.6M | $703K | 10x | as long as short |
| KuCoin ALPINEUSDTM | +0.0768% | 4h | 0.3541 | −0.085% | $229K | $656K | 10x | as long as short |
Variational Omni ALPINE
Gate ALPINE_USDT
MEXC ALPINE_USDT
Binance ALPINEUSDT
KuCoin ALPINEUSDTM