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: BingX against Bybit−0.108%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1131.133% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.108%, 7d avg −0.058%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.050% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.058%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AUCTIONUSDT | 3.6910 | 0.0100 | pay 0.0050% / 4h | 3h 17m | $579K | $268K | 25x |
| Short | BingX AUCTION-USDT | 3.6870 | 0.0100 | get 0.0050% / 4h | 3h 17m | — | $7.8M | — |
Bybit AUCTIONUSDT
BingX AUCTION-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: −0.108% → −0.058%
- −$5.02
- Slippage, 4 orders
- −$92.32
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$118.34
- Costs to cover
- 1.133%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 47 min ago; BingX: live order book, 5 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, 47 min ago | 2.70 bp | 30.6 bp −$31 | 66.4 bp −$664 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 5.43 bp | 23.0 bp −$23 | 58.9 bp −$589 | 475.0 bp −$47.5K | 614.2 bp −$307.1K |
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 | −0.1064% | 1h | 3.6860 | −0.136% | $8K | $269 | 10x | as long as short |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.6817 | −0.251% | $882 | $2K | 5x | as long as short |
| Binance AUCTIONUSDT | +0.0100% | 4h | 3.6880 | −0.081% | $2.4M | $1.6M | 50x | as long as short |
| Bybit AUCTIONUSDTlong | +0.0100% | 4h | 3.6910 | long leg | $579K | $268K | 25x | |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.6890 | −0.054% | $769K | $655K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.6820 | −0.244% | $102K | $65K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.6880 | −0.081% | $446K | $142K | 20x | as long as short |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.6860 | −0.135% | $370K | $114K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.6880 | −0.081% | $377K | $133K | 25x | as long as short |
| BingX AUCTION-USDTshort | +0.0100% | 4h | 3.6870 | −0.108% | — | $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 | 3.6899 | −0.030% | $171 | $38 | — | as long as short |
Variational Omni AUCTION