Funding you earn now, next payment 04:00 UTC−0.0700%/8h= −76.6% APRnext payment −$3.50 per $10,000 · paid last 24h −0.130%
Price spread now: Bybit against BingX−0.388%7-day average −0.152% · you buy dearer than you sell
Net, funding: paid 7d − costs−$221as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$2182.184% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.388%, 7d avg −0.152%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Bybit is 0.236% cheaper against BingX than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.152%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.030% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.50 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 CARV-USDT | 0.04381 | 0.0800 | pay 0.0400% / 4h | 1h 42m | — | $1.3M | — |
| Short | Bybit CARVUSDT | 0.04364 | 0.0100 | get 0.0050% / 4h | 1h 42m | $870K | $772K | 20x |
BingX CARV-USDT
Bybit CARVUSDTFunding 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
- −$147
- Price spread: −0.388% → −0.152%
- −$23.63
- Slippage, 4 orders
- −$197.38
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$389.01
- Costs to cover
- 2.184%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Bybit: 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 BingX live order book, 2 min ago | 12.57 bp | 40.9 bp −$41 | 178.5 bp −$1,785 | 745.5 bp −$74.6K | doesn't fit |
| Sell Bybit live order book, 17 min ago | 4.69 bp | 57.9 bp −$58 | 489.0 bp −$4,890 | doesn't fit | doesn't fit |
CARV 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance CARVUSDT | +0.0100% | 4h | 0.04387 | +0.137% | $1.3M | $1.9M | 50x | as long as short |
| Bybit CARVUSDTshort | +0.0100% | 4h | 0.04364 | −0.388% | $870K | $772K | 20x | |
| Gate CARV_USDT | +0.0100% | 4h | 0.04386 | +0.114% | $109K | $33K | 20x | as long as short |
| MEXC CARV_USDT | +0.0100% | 4h | 0.04390 | +0.205% | $93K | $99K | 20x | as long as short |
| KuCoin CARVUSDTM | +0.0100% | 4h | 0.04357 | −0.548% | $161K | $36K | 20x | as long as short |
| Bitget CARVUSDT | +0.0100% | 4h | 0.04389 | +0.183% | $736K | $275K | 25x | as long as short |
| Variational Omni CARV | +0.0100% | 4h | 0.04458 | +1.763% | $468 | $1 | — | as long as short |
| BingX CARV-USDTlong | +0.0800% | 4h | 0.04381 | long leg | — | $1.3M | — |
Binance CARVUSDT
Gate CARV_USDT
MEXC CARV_USDT
KuCoin CARVUSDTM
Bitget CARVUSDT
Variational Omni CARV