Funding you earn now, next payment 08:00 UTC−0.0265%/8h= −29.0% APRnext payment −$1.32 per $10,000 · paid last 24h −0.039%
Price spread now: BingX against Bybit+0.147%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$202as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$2072.074% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.147%, 7d avg +0.081%
=The price spread pays, funding is against you. BingX is 0.066% dearer against Bybit than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of +0.081%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 20 hours. Mind the row above: over the last 7 days funding on this pair paid +0.053%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.053% in total (about 2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BIRBUSDT | 0.06820 | 0.0383 | pay 0.0191% / 4h | 3h 11m | $634K | $455K | 25x |
| Short | BingX BIRB-USDT | 0.06830 | 0.0118 | get 0.0059% / 4h | 3h 11m | — | $747K | — |
Bybit BIRBUSDT
BingX BIRB-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
- −$55.57
- Price spread: +0.147% → +0.081%
- $6.59
- Slippage, 4 orders
- −$186.37
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$256.35
- Costs to cover
- 2.074%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 33 min ago; BingX: live order book, 17 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, 33 min ago | 5.09 bp | 67.1 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 17 min ago | 10.93 bp | 41.9 bp −$42 | 100.4 bp −$1,004 | 822.8 bp −$82.3K | 1148.6 bp −$574.3K |
BIRB 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BIRBUSDT | +0.0100% | 4h | 0.06838 | +0.259% | $15K | $17K | 5x | as long as short |
| Binance BIRBUSDT | +0.0100% | 4h | 0.06838 | +0.264% | $1.2M | $1.9M | 50x | as long as short |
| Gate BIRB_USDT | +0.0100% | 4h | 0.06839 | +0.279% | $55K | $61K | 20x | as long as short |
| MEXC BIRB_USDT | +0.0100% | 4h | 0.06833 | +0.191% | $140K | $102K | 50x | as long as short |
| KuCoin BIRBUSDTM | +0.0100% | 4h | 0.06853 | +0.484% | $83K | $36K | 20x | as long as short |
| Bitget BIRBUSDT | +0.0100% | 4h | 0.06828 | +0.117% | $426K | $176K | 20x | as long as short |
| BingX BIRB-USDTshort | +0.0118% | 4h | 0.06830 | +0.147% | — | $747K | — | |
| BloFin BIRB-USDT | +0.0246% | 4h | 0.06832 | +0.176% | $84K | $5K | 25x | as long as short |
| Bybit BIRBUSDTlong | +0.0383% | 4h | 0.06820 | long leg | $634K | $455K | 25x |
Aster BIRBUSDT
Binance BIRBUSDT
Gate BIRB_USDT
MEXC BIRB_USDT
KuCoin BIRBUSDTM
Bitget BIRBUSDT
BloFin BIRB-USDT