Funding you earn now, next payment 04:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.08 per $10,000 · paid last 24h −0.103%
Price spread now: Bybit against BingX−0.288%7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$1851.852% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 7 days+0.508%+$51 · spread now −0.288%, 7d avg −0.120%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.168% cheaper against BingX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.120%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.064%, 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 | BingX BTW-USDT | 0.7680 | 0.0826 | pay 0.0413% / 4h | 2h 10m | — | $4.3M | — |
| Short | Bybit BTWUSDT | 0.7658 | 0.0811 | get 0.0405% / 4h | 2h 10m | $14.5M | $39.4M | 10x |
BingX BTW-USDT
Bybit BTWUSDTFunding 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
- −$3.25
- Price spread: −0.288% → −0.120%
- −$16.82
- Slippage, 4 orders
- −$164.2
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$205.27
- Costs to cover
- 1.852%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Bybit: live order book, 4 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, 10 min ago | 2.00 bp | 24.3 bp −$24 | 92.3 bp −$923 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 7.50 bp | 75.9 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
BTW 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDT | +0.0100% | 4h | 0.7658 | −0.281% | $3.2M | $16.4M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.7645 | −0.457% | $189K | $746K | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0224% | 4h | 0.7658 | −0.284% | $6.9M | $4.8M | 10x | as long as short |
| Bitget BTWUSDT | +0.0616% | 4h | 0.7680 | +0.005% | $24.2M | $13.7M | 5x | as long as short |
| Aster BTWUSDT | +0.0721% | 4h | 0.7662 | −0.233% | $2.1M | $3.0M | 5x | as long as short |
| Bybit BTWUSDTshort | +0.0811% | 4h | 0.7658 | −0.288% | $14.5M | $39.4M | 10x | |
| BingX BTW-USDTlong | +0.0826% | 4h | 0.7680 | long leg | — | $4.3M | — | |
| MEXC BTW_USDT | +0.0866% | 4h | 0.7664 | −0.208% | $9.0M | $6.3M | 20x | as long as short |
| Binance BTWUSDT | +0.0877% | 4h | 0.7658 | −0.286% | $106.5M | $170.9M | 10x | as long as short |
| Extended BTW-USD | +0.0880% | 1h | 0.7661 | −0.246% | $33K | $15K | 5x | as long as short |
Gate BTW_USDT
HTX BTW-USDT
KuCoin BTWUSDTM
Bitget BTWUSDT
Aster BTWUSDT
MEXC BTW_USDT
Binance BTWUSDT
Extended BTW-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.0882% | 4h | 0.7603 | −1.000% | $313K | $503K | 10x | as long as short |
edgeX BTWUSDC