Funding you earn now, next payment 08:00 UTC−0.0448%/8h= −49.1% APRnext payment −$4.48 per $10,000 · paid last 24h −0.039%
Price spread now: Bybit against BingX−0.321%7-day average −0.204% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1071.069% of the position
Funding, last 7 days−0.131%−$13 on $10k
+Price spread, last 7 days+0.154%+$15 · spread now −0.321%, 7d avg −0.204%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bybit is 0.117% cheaper against BingX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.204%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.131% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.48 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 CORE-USDT | 0.02182 | 0.0151 | pay 0.0151% / 8h | 4h 57m | — | $1.3M | — |
| Short | Bybit COREUSDT | 0.02175 | −0.0297 | pay 0.0297% / 8h | 4h 57m | $1.4M | $970K | 20x |
BingX CORE-USDT
Bybit COREUSDTFunding 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
- −$94.09
- Price spread: −0.321% → −0.204%
- −$11.68
- Slippage, 4 orders
- −$85.95
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$212.72
- Costs to cover
- 1.069%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Bybit: live order book, 3 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 | 4.56 bp | 21.8 bp −$22 | 65.5 bp −$655 | 1273.2 bp −$127.3K | 1441.8 bp −$720.9K |
| Sell Bybit live order book, 3 min ago | 4.58 bp | 34.9 bp −$35 | 286.3 bp −$2,863 | doesn't fit | doesn't fit |
CORE on 6 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 CORE_USDT | −0.0372% | 8h | 0.02179 | −0.137% | $158K | $170K | 25x | as long as short |
| Variational Omni CORE | −0.0331% | 8h | 0.02179 | −0.135% | $8K | $918 | — | as long as short |
| Bybit COREUSDTshort | −0.0297% | 8h | 0.02175 | −0.321% | $1.4M | $970K | 20x | |
| OKX CORE-USDT-SWAP | +0.0100% | 8h | 0.02186 | +0.183% | $1.7M | $4.4M | 20x | as long as short |
| MEXC CORE_USDT | +0.0151% | 8h | 0.02184 | +0.092% | $819K | $216K | 100x | as long as short |
| BingX CORE-USDTlong | +0.0151% | 8h | 0.02182 | long leg | — | $1.3M | — |
Gate CORE_USDT
Variational Omni CORE
OKX CORE-USDT-SWAP
MEXC CORE_USDT