Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.021%
Price spread now: Bybit against BingX−0.201%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$449as in the Funding arb table
Net, price: spread back to 7d avg − costs−$421as in the Price arb table
costs, in and out, $10k−$4054.049% of the position
Funding, last 7 days−0.438%−$44 on $10k
+Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.201%, 7d avg −0.043%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.157% cheaper against BingX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.043%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX COOKIE-USDT | 0.01245 | 0.0100 | pay 0.0050% / 4h | 2h 32m | — | $6.5M | — |
| Short | Bybit COOKIEUSDT | 0.01242 | 0.0100 | get 0.0050% / 4h | 2h 32m | $862K | $1.5M | 25x |
BingX COOKIE-USDT
Bybit COOKIEUSDTFunding 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
- $0
- Price spread: −0.201% → −0.043%
- −$15.75
- Slippage, 4 orders
- −$383.94
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$420.69
- Costs to cover
- 4.049%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Bybit: live order book, 8 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, 4 min ago | 6.47 bp | 43.7 bp −$44 | 242.8 bp −$2,428 | 693.8 bp −$69.4K | 883.3 bp −$441.6K |
| Sell Bybit live order book, 8 min ago | 7.52 bp | 165.4 bp −$165 | 418.2 bp −$4,182 | doesn't fit | doesn't fit |
COOKIE 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance COOKIEUSDT | +0.0100% | 4h | 0.01246 | +0.127% | $2.1M | $9.6M | 20x | as long as short |
| Bybit COOKIEUSDTshort | +0.0100% | 4h | 0.01242 | −0.201% | $862K | $1.5M | 25x | |
| Gate COOKIE_USDT | +0.0100% | 4h | 0.01244 | −0.048% | $124K | $234K | 25x | as long as short |
| MEXC COOKIE_USDT | +0.0100% | 4h | 0.01246 | +0.112% | $620K | $368K | 100x | as long as short |
| KuCoin COOKIEUSDTM | +0.0100% | 4h | 0.01243 | −0.129% | $228K | $162K | 20x | as long as short |
| Bitget COOKIEUSDT | +0.0100% | 4h | 0.01247 | +0.193% | $361K | $311K | 5x | as long as short |
| BingX COOKIE-USDTlong | +0.0100% | 4h | 0.01245 | long leg | — | $6.5M | — | |
| Variational Omni COOKIE | +0.0100% | 4h | 0.01234 | −0.855% | $12K | $21K | — | as long as short |
| Kraken Futures PF_COOKIEUSD | +0.0439% | 1h | 0.01248 | +0.258% | $12K | $40K | 10x | as long as short |
Binance COOKIEUSDT
Gate COOKIE_USDT
MEXC COOKIE_USDT
KuCoin COOKIEUSDTM
Bitget COOKIEUSDT
Variational Omni COOKIE
Kraken Futures PF_COOKIEUSD