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: BingX against Bybit+0.032%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$361as in the Funding arb table
Net, price: spread back to 7d avg − costs−$406as 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)+0.060%+$6 · spread now +0.032%, 7d avg +0.043%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COOKIEUSDT | 0.01240 | 0.0100 | pay 0.0050% / 4h | 2h 31m | $861K | $1.5M | 25x |
| Short | BingX COOKIE-USDT | 0.01241 | 0.0100 | get 0.0050% / 4h | 2h 31m | — | $6.5M | — |
Bybit COOKIEUSDT
BingX COOKIE-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
- $0
- Price spread: +0.032% → +0.043%
- −$1.11
- Slippage, 4 orders
- −$383.94
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$406.05
- Costs to cover
- 4.049%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 9 min ago; BingX: live order book, 5 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, 9 min ago | 7.52 bp | 163.0 bp −$163 | 663.8 bp −$6,638 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 6.47 bp | 32.8 bp −$33 | 208.6 bp −$2,086 | 451.5 bp −$45.1K | 619.6 bp −$309.8K |
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 | 0.01242 | +0.105% | $2.1M | $9.6M | 20x | as long as short |
| Bybit COOKIEUSDTlong | +0.0100% | 4h | 0.01240 | long leg | $861K | $1.5M | 25x | |
| Gate COOKIE_USDT | +0.0100% | 4h | 0.01242 | +0.121% | $124K | $234K | 25x | as long as short |
| MEXC COOKIE_USDT | +0.0100% | 4h | 0.01245 | +0.363% | $622K | $368K | 100x | as long as short |
| KuCoin COOKIEUSDTM | +0.0100% | 4h | 0.01242 | +0.121% | $228K | $162K | 20x | as long as short |
| Bitget COOKIEUSDT | +0.0100% | 4h | 0.01243 | +0.202% | $360K | $311K | 5x | as long as short |
| BingX COOKIE-USDTshort | +0.0100% | 4h | 0.01241 | +0.032% | — | $6.5M | — | |
| Variational Omni COOKIE | +0.0100% | 4h | 0.01234 | −0.527% | $12K | $21K | — | as long as short |
| Kraken Futures PF_COOKIEUSD | +0.0440% | 1h | 0.01246 | +0.432% | $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