Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BingX−0.302%7-day average −0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$214as in the Price arb table
costs, in and out, $10k−$1991.990% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 7 days+0.140%+$14 · spread now −0.302%, 7d avg −0.149%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.154% cheaper against BingX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.149%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX DRIFT-USDT | 0.01687 | 0.0100 | pay 0.0050% / 4h | 1h 57m | — | $6.6M | — |
| Short | Bybit DRIFTUSDT | 0.01682 | 0.0100 | get 0.0050% / 4h | 1h 57m | $2.3M | $3.1M | 20x |
BingX DRIFT-USDT
Bybit DRIFTUSDTFunding 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: −0.302% → −0.149%
- −$15.36
- Slippage, 4 orders
- −$177.95
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$214.31
- Costs to cover
- 1.990%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Bybit: 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 BingX live order book, 10 min ago | 11.88 bp | 41.6 bp −$42 | 190.8 bp −$1,908 | 687.4 bp −$68.7K | doesn't fit |
| Sell Bybit live order book, 5 min ago | 5.96 bp | 68.7 bp −$69 | 369.3 bp −$3,693 | doesn't fit | doesn't fit |
DRIFT 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DRIFT/USDC PERP | +0.0033% | 1h | 0.01591 | −5.691% | — | $9K | 5.5x | as long as short |
| BloFin DRIFT-USDT | +0.0095% | 4h | 0.01683 | −0.237% | $152K | $10K | 20x | as long as short |
| Binance DRIFTUSDT | +0.0100% | 4h | 0.01689 | +0.096% | $2.3M | $7.2M | 20x | as long as short |
| Bybit DRIFTUSDTshort | +0.0100% | 4h | 0.01682 | −0.302% | $2.3M | $3.1M | 20x | |
| Gate DRIFT_USDT | +0.0100% | 4h | 0.01681 | −0.356% | $127K | $279K | 10x | as long as short |
| MEXC DRIFT_USDT | +0.0100% | 4h | 0.01684 | −0.178% | $401K | $179K | 20x | as long as short |
| KuCoin DRIFTUSDTM | +0.0100% | 4h | 0.01678 | −0.533% | $668K | $137K | 20x | as long as short |
| Bitget DRIFTUSDT | +0.0100% | 4h | 0.01685 | −0.119% | $523K | $551K | 10x | as long as short |
| BingX DRIFT-USDTlong | +0.0100% | 4h | 0.01687 | long leg | — | $6.6M | — | |
| Variational Omni DRIFT | +0.0100% | 4h | 0.01680 | −0.389% | $23K | $6K | — | as long as short |
Injective DRIFT/USDC PERP
BloFin DRIFT-USDT
Binance DRIFTUSDT
Gate DRIFT_USDT
MEXC DRIFT_USDT
KuCoin DRIFTUSDTM
Bitget DRIFTUSDT
Variational Omni DRIFT