Funding you earn now, next payment 12:00 UTC−0.0930%/8h= −101.8% APRnext payment −$4.65 per $10,000 · paid last 24h −0.237%
Price spread now: Bybit against BingX−0.059%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$368as in the Funding arb table
Net, price: spread back to 7d avg − costs−$305as in the Price arb table
costs, in and out, $10k−$3033.030% of the position
Funding, last 7 days−0.648%−$65 on $10k
+Price spread, last 7 days+0.106%+$11 · spread now −0.059%, 7d avg −0.038%
=Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Bybit is 0.022% cheaper against BingX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.038%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.648% in total (about -33.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.65 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 | BingX BTR-USDT | 0.05058 | 0.1030 | pay 0.0515% / 4h | 3h 40m | — | $6.6M | — |
| Short | Bybit BTRUSDT | 0.05055 | 0.0100 | get 0.0050% / 4h | 3h 40m | $3.2M | $1.1M | 25x |
BingX BTR-USDT
Bybit BTRUSDTFunding 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
- −$195.3
- Price spread: −0.059% → −0.038%
- −$2.17
- Slippage, 4 orders
- −$281.97
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$500.44
- Costs to cover
- 3.030%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Bybit: live order book, 2 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, 11 min ago | 3.96 bp | 17.2 bp −$17 | 103.2 bp −$1,032 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.95 bp | 123.6 bp −$124 | doesn't fit | doesn't fit | doesn't fit |
BTR on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTRUSDTshort | +0.0100% | 4h | 0.05055 | −0.059% | $3.2M | $1.1M | 25x | |
| KuCoin BTRUSDTM | +0.0100% | 4h | 0.05046 | −0.237% | $1.4M | $169K | 10x | as long as short |
| HTX BTR-USDT | +0.0100% | 4h | 0.05069 | +0.217% | $11K | $313K | 10x | as long as short |
| Gate BTR_USDT | +0.0485% | 8h | 0.05051 | −0.138% | $722K | $292K | 20x | as long as short |
| Aster BTRUSDT | +0.0868% | 4h | 0.05045 | −0.257% | $91K | $12K | 5x | as long as short |
| BingX BTR-USDTlong | +0.1030% | 4h | 0.05058 | long leg | — | $6.6M | — | |
| MEXC BTR_USDT | +0.1092% | 4h | 0.05060 | +0.040% | $1.6M | $173K | 20x | as long as short |
| Binance BTRUSDT | +0.1093% | 4h | 0.05060 | +0.048% | $5.4M | $4.1M | 10x | as long as short |
KuCoin BTRUSDTM
HTX BTR-USDT
Gate BTR_USDT
Aster BTRUSDT
MEXC BTR_USDT
Binance BTRUSDT