Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.009%
Price spread now: Bybit against BingX0.000%7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1331.332% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 7 days+0.103%+$10 · spread now 0.000%, 7d avg +0.102%
=Funding pays, the price is against you. Bybit is 0.102% cheaper against BingX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.102%). If the spread goes back, that is −$10 on $10k: about 11 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX AXL-USDT | 0.05217 | 0.0070 | pay 0.0035% / 4h | 58m 51s | — | $2.3M | — |
| Short | Bybit AXLUSDT | 0.05217 | 0.0100 | get 0.0050% / 4h | 58m 51s | $1.4M | $1.9M | 25x |
BingX AXL-USDT
Bybit AXLUSDTFunding 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
- $6.3
- Price spread: 0.000% → +0.102%
- −$10.17
- Slippage, 4 orders
- −$112.17
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$137.05
- Costs to cover
- 1.332%
- Break-even
- 159.3 days
Slippage from BingX: live order book, 14 min ago; Bybit: live order book, 3 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, 14 min ago | 4.81 bp | 27.0 bp −$27 | 107.5 bp −$1,075 | 618.2 bp −$61.8K | 841.8 bp −$420.9K |
| Sell Bybit live order book, 3 min ago | 3.84 bp | 37.0 bp −$37 | 204.0 bp −$2,040 | doesn't fit | doesn't fit |
AXL on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX AXL-USDTlong | +0.0070% | 4h | 0.05217 | long leg | — | $2.3M | — | |
| Aster AXLUSDT | +0.0100% | 4h | 0.05221 | +0.085% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05217 | +0.006% | $1.8M | $4.1M | 50x | as long as short |
| Bybit AXLUSDTshort | +0.0100% | 4h | 0.05217 | 0.000% | $1.4M | $1.9M | 25x | |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05219 | +0.038% | $348K | $159K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05213 | −0.077% | $437K | $93K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05219 | +0.038% | $574K | $304K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05206 | −0.205% | $6K | $24K | — | as long as short |
| BloFin AXL-USDT | +0.0138% | 4h | 0.05208 | −0.173% | $122K | $11K | 50x | as long as short |
Aster AXLUSDT
Binance AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL
BloFin AXL-USDT