Settings8H · net · $10k
Funding arb · Price arb /

ERA

all ERA markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit+0.044%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$212as in the Price arb table
costs, in and out, $10k−$2132.129% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.042%−$4 on $10k
Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.044%, 7d avg +0.035%
Together, before fees−0.073%−$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ERAUSDT0.067600.0100pay 0.0050% / 4h2h 07m$771K$818K25x
ShortBingX ERA-USDT0.067630.0100get 0.0050% / 4h2h 07m$6.5M

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.044% → +0.035%
$0.93
Slippage, 4 orders
−$191.86
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$211.93
Costs to cover
2.129%
Break-even
never at this rate
Slippage from Bybit: live order book, 57 min ago; BingX: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 57 min ago4.43 bp80.8 bp −$81608.6 bp −$6,086doesn't fitdoesn't fit
Sell BingX live order book, 14 min ago0.74 bp33.2 bp −$33102.4 bp −$1,0241104.8 bp −$110.5K1392.5 bp −$696.3K

ERA on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ERAUSDT+0.0100%4h0.06764+0.053%$5K$12K5xas long as short
Binance ERAUSDT+0.0100%4h0.06764+0.056%$2.1M$4.5M25xas long as short
Bybit ERAUSDTlong+0.0100%4h0.06760long leg$771K$818K25x
Gate ERA_USDT+0.0100%4h0.06758−0.030%$148K$692K25xas long as short
MEXC ERA_USDT+0.0100%4h0.06762+0.030%$531K$151K20xas long as short
KuCoin ERAUSDTM+0.0100%4h0.06759−0.015%$139K$68K25xas long as short
Bitget ERAUSDT+0.0100%4h0.06762+0.030%$810K$243K25xas long as short
BingX ERA-USDTshort+0.0100%4h0.06763+0.044%$6.5M
Variational Omni ERA+0.0100%4h0.06749−0.158%$10K$594as long as short