Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BingX+0.054%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1211.209% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.054%, 7d avg +0.057%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX AUCTION-USDT | 3.6930 | 0.0100 | pay 0.0050% / 4h | 2h 32m | — | $7.8M | — |
| Short | Bybit AUCTIONUSDT | 3.6950 | 0.0100 | get 0.0050% / 4h | 2h 32m | $584K | $270K | 25x |
BingX AUCTION-USDT
Bybit AUCTIONUSDTFunding 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: +0.054% → +0.057%
- −$0.3
- Slippage, 4 orders
- −$99.89
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$121.19
- Costs to cover
- 1.209%
- Break-even
- never at this rate
Slippage from BingX: live order book, just now; Bybit: live order book, 28 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, just now | 6.77 bp | 27.7 bp −$28 | 78.6 bp −$786 | 435.3 bp −$43.5K | 588.0 bp −$294.0K |
| Sell Bybit live order book, 28 min ago | 4.08 bp | 33.1 bp −$33 | 57.3 bp −$573 | doesn't fit | doesn't fit |
AUCTION on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AUCTIONUSD | −0.0332% | 1h | 3.6923 | −0.018% | $8K | $269 | 10x | as long as short |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.6907 | −0.063% | $809 | $2K | 5x | as long as short |
| Binance AUCTIONUSDT | +0.0100% | 4h | 3.6910 | −0.054% | $2.5M | $1.6M | 50x | as long as short |
| Bybit AUCTIONUSDTshort | +0.0100% | 4h | 3.6950 | +0.054% | $584K | $270K | 25x | |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.6940 | +0.027% | $776K | $663K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.6900 | −0.081% | $102K | $67K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.6930 | 0.000% | $438K | $143K | 20x | as long as short |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.6920 | −0.027% | $370K | $113K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.6880 | −0.135% | $378K | $133K | 25x | as long as short |
| BingX AUCTION-USDTlong | +0.0100% | 4h | 3.6930 | long leg | — | $7.8M | — |
Kraken Futures PF_AUCTIONUSD
Aster AUCTIONUSDT
Binance AUCTIONUSDT
OKX AUCTION-USDT-SWAP
Gate AUCTION_USDT
MEXC AUCTION_USDT
KuCoin AUCTIONUSDTM
Bitget AUCTIONUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AUCTION | +0.0100% | 4h | 3.7019 | +0.242% | $171 | $38 | — | as long as short |
Variational Omni AUCTION