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: BingX against Bybit−0.019%7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1351.354% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 7 days−0.083%−$8 · spread now −0.019%, 7d avg −0.102%
=The price spread pays, funding is against you. BingX is 0.083% dearer against Bybit than usual: you sell high and buy low (spread −0.019% now, against its 7-day average of −0.102%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.077%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AXLUSDT | 0.05202 | 0.0100 | pay 0.0050% / 4h | 1h 12m | $1.4M | $1.9M | 25x |
| Short | BingX AXL-USDT | 0.05201 | 0.0070 | get 0.0035% / 4h | 1h 12m | — | $2.3M | — |
Bybit AXLUSDT
BingX AXL-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
- −$6.3
- Price spread: −0.019% → −0.102%
- $8.25
- Slippage, 4 orders
- −$114.39
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$133.43
- Costs to cover
- 1.354%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 11 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, 4 min ago | 2.88 bp | 36.3 bp −$36 | 170.8 bp −$1,708 | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 6.75 bp | 32.0 bp −$32 | 126.1 bp −$1,261 | 542.0 bp −$54.2K | 718.4 bp −$359.2K |
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-USDTshort | +0.0070% | 4h | 0.05201 | −0.019% | — | $2.3M | — | |
| Aster AXLUSDT | +0.0100% | 4h | 0.05203 | +0.013% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05200 | −0.040% | $1.8M | $4.1M | 50x | as long as short |
| Bybit AXLUSDTlong | +0.0100% | 4h | 0.05202 | long leg | $1.4M | $1.9M | 25x | |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05199 | −0.058% | $347K | $162K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05197 | −0.096% | $435K | $93K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05200 | −0.038% | $573K | $301K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05196 | −0.109% | $6K | $24K | — | as long as short |
| BloFin AXL-USDT | +0.0121% | 4h | 0.05197 | −0.096% | $122K | $12K | 50x | as long as short |
Aster AXLUSDT
Binance AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL
BloFin AXL-USDT