Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.005%
Price spread now: Bybit against BingX−0.352%7-day average −0.188% · you buy dearer than you sell
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1451.446% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 7 days+0.199%+$20 · spread now −0.352%, 7d avg −0.188%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.164% cheaper against BingX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.188%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX DEEP-USDT | 0.01987 | 0.0200 | pay 0.0100% / 4h | 1h 03m | — | $6.7M | — |
| Short | Bybit DEEPUSDT | 0.01980 | 0.0100 | get 0.0100% / 8h | 1h 03m | $4.2M | $2.6M | 50x |
BingX DEEP-USDT
Bybit DEEPUSDTFunding 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
- −$21
- Price spread: −0.352% → −0.188%
- −$16.41
- Slippage, 4 orders
- −$123.57
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$181.98
- Costs to cover
- 1.446%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; Bybit: live order book, 10 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, 14 min ago | 7.55 bp | 29.1 bp −$29 | 84.6 bp −$846 | 647.2 bp −$64.7K | 1134.2 bp −$567.1K |
| Sell Bybit live order book, 10 min ago | 5.04 bp | 41.0 bp −$41 | 206.4 bp −$2,064 | doesn't fit | doesn't fit |
DEEP on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin DEEP-PERP | −0.1787% | 1h | 0.01986 | −0.050% | $81K | $17K | 20x | as long as short |
| BloFin DEEP-USDT | +0.0085% | 8h | 0.01982 | −0.252% | $138K | $34K | 50x | as long as short |
| Binance DEEPUSDT | +0.0100% | 4h | 0.01990 | +0.157% | $2.1M | $6.0M | 50x | as long as short |
| Bybit DEEPUSDTshort | +0.0100% | 8h | 0.01980 | −0.352% | $4.2M | $2.6M | 50x | |
| Gate DEEP_USDT | +0.0100% | 4h | 0.01987 | 0.000% | $305K | $98K | 50x | as long as short |
| MEXC DEEP_USDT | +0.0100% | 4h | 0.01990 | +0.151% | $1.1M | $547K | 100x | as long as short |
| KuCoin DEEPUSDTM | +0.0100% | 4h | 0.01991 | +0.201% | $1.8M | $93K | 20x | as long as short |
| Bitget DEEPUSDT | +0.0100% | 4h | 0.01992 | +0.252% | $849K | $597K | 50x | as long as short |
| Variational Omni DEEP | +0.0100% | 8h | 0.01981 | −0.315% | $13K | $9K | — | as long as short |
| Extended DEEP-USD | +0.0104% | 1h | 0.01990 | +0.136% | $5K | $221K | 5x | as long as short |
Bluefin DEEP-PERP
BloFin DEEP-USDT
Binance DEEPUSDT
Gate DEEP_USDT
MEXC DEEP_USDT
KuCoin DEEPUSDTM
Bitget DEEPUSDT
Variational Omni DEEP
Extended DEEP-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX DEEP-USDTlong | +0.0200% | 4h | 0.01987 | long leg | — | $6.7M | — | |
| Kraken Futures PF_DEEPUSD | +0.1136% | 1h | 0.02010 | +1.175% | $8K | $7K | 10x | as long as short |
Kraken Futures PF_DEEPUSD