Funding you earn now, next payment 08:00 UTC−0.0195%/8h= −21.4% APRnext payment −$0.97 per $10,000 · paid last 24h −0.106%
Price spread now: Bybit against BingX0.000%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$531as in the Funding arb table
Net, price: spread back to 7d avg − costs−$488as in the Price arb table
costs, in and out, $10k−$4874.873% of the position
Funding, last 7 days−0.441%−$44 on $10k
+Price spread, last 7 days−0.055%−$6 · spread now 0.000%, 7d avg +0.003%
=The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX APR-USDT | 0.1482 | 0.0410 | pay 0.0205% / 4h | 2h 40m | — | $1.4M | — |
| Short | Bybit APRUSDT | 0.1482 | 0.0215 | get 0.0108% / 4h | 2h 40m | $1.4M | $631K | 20x |
BingX APR-USDT
Bybit APRUSDTFunding 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
- −$40.95
- Price spread: 0.000% → +0.003%
- −$0.27
- Slippage, 4 orders
- −$466.25
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$528.47
- Costs to cover
- 4.873%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Bybit: live order book, 1 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, 2 min ago | 10.10 bp | 36.7 bp −$37 | 132.9 bp −$1,329 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.37 bp | 182.2 bp −$182 | doesn't fit | doesn't fit | doesn't fit |
APR on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance APRUSDT | +0.0100% | 4h | 0.1482 | −0.004% | $6.7M | $5.1M | 50x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1481 | −0.067% | $371K | $174K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1483 | +0.040% | $1K | $1.1M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1486 | +0.270% | $19K | $44K | 20x | as long as short |
| BloFin APR-USDT | +0.0136% | 4h | 0.1486 | +0.270% | $290K | $111K | 50x | as long as short |
| Bitget APRUSDT | +0.0196% | 4h | 0.1482 | +0.020% | $4.0M | $995K | 50x | as long as short |
| Bybit APRUSDTshort | +0.0215% | 4h | 0.1482 | 0.000% | $1.4M | $631K | 20x | |
| BingX APR-USDTlong | +0.0410% | 4h | 0.1482 | long leg | — | $1.4M | — | |
| OKX APR-USDT-SWAP | +0.0444% | 4h | 0.1483 | +0.067% | $1.3M | $2.5M | 20x | as long as short |
| Aster APRUSDT | +0.0793% | 4h | 0.1479 | −0.173% | $72K | $80K | 5x | as long as short |
Binance APRUSDT
MEXC APR_USDT
SunX APR-USDT
HTX APR-USDT
BloFin APR-USDT
Bitget APRUSDT
OKX APR-USDT-SWAP
Aster APRUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin APRUSDTM | +0.0870% | 4h | 0.1482 | −0.013% | $2.4M | $343K | 50x | as long as short |
| Gate APR_USDT | +0.1032% | 4h | 0.1481 | −0.067% | $700K | $204K | 25x | as long as short |
KuCoin APRUSDTM
Gate APR_USDT