Funding you earn now, next payment 08:00 UTC−0.0306%/8h= −33.5% APRnext payment −$1.53 per $10,000 · paid last 24h −0.007%
Price spread now: Bybit against BingX+0.063%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$246as in the Price arb table
costs, in and out, $10k−$2522.515% of the position
Funding, last 7 days−0.045%−$4 on $10k
+Price spread, last 7 days−0.153%−$15 · spread now +0.063%, 7d avg +0.011%
=The price spread pays, funding is against you. Bybit is 0.052% dearer against BingX than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of +0.011%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.045% in total) that is about 8.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.53 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 CYS-USDT | 0.1592 | 0.0564 | pay 0.0282% / 4h | 3h 33m | — | $1.3M | — |
| Short | Bybit CYSUSDT | 0.1593 | 0.0258 | get 0.0129% / 4h | 3h 33m | $1.5M | $1.1M | 13x |
BingX CYS-USDT
Bybit CYSUSDTFunding 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
- −$64.18
- Price spread: +0.063% → +0.011%
- $5.16
- Slippage, 4 orders
- −$230.51
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$310.53
- Costs to cover
- 2.515%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Bybit: live order book, 2 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, 11 min ago | 9.41 bp | 36.7 bp −$37 | 99.3 bp −$993 | 1040.3 bp −$104.0K | 1374.9 bp −$687.5K |
| Sell Bybit live order book, 2 min ago | 3.14 bp | 97.5 bp −$98 | 674.6 bp −$6,746 | doesn't fit | doesn't fit |
CYS on 10 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 CYSUSDT | +0.0100% | 4h | 0.1592 | −0.018% | $4.3M | $4.6M | 20x | as long as short |
| KuCoin CYSUSDTM | +0.0100% | 4h | 0.1592 | 0.000% | $1.3M | $134K | 20x | as long as short |
| Bitget CYSUSDT | +0.0100% | 4h | 0.1591 | −0.075% | $1.7M | $681K | 25x | as long as short |
| MEXC CYS_USDT | +0.0106% | 4h | 0.1591 | −0.063% | $1.4M | $228K | 50x | as long as short |
| Aster CYSUSDT | +0.0130% | 4h | 0.1591 | −0.063% | $253K | $86K | 10x | as long as short |
| edgeX CYSUSDC | +0.0145% | 4h | 0.1592 | +0.007% | $7K | $110K | 10x | as long as short |
| Variational Omni CYS | +0.0238% | 4h | 0.1594 | +0.108% | $34K | $13K | — | as long as short |
| Bybit CYSUSDTshort | +0.0258% | 4h | 0.1593 | +0.063% | $1.5M | $1.1M | 13x | |
| BingX CYS-USDTlong | +0.0564% | 4h | 0.1592 | long leg | — | $1.3M | — | |
| Gate CYS_USDT | +0.0580% | 4h | 0.1592 | 0.000% | $618K | $112K | 20x | as long as short |
Binance CYSUSDT
KuCoin CYSUSDTM
Bitget CYSUSDT
MEXC CYS_USDT
Aster CYSUSDT
edgeX CYSUSDC
Variational Omni CYS
Gate CYS_USDT