Funding you earn now, next payment 00:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.44 per $10,000 · paid last 24h +0.368%
Price spread now: Bybit against BingX−0.224%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1331.331% of the position
Funding, last 7 days+0.196%+$20 on $10k
+Price spread, last 7 days+0.298%+$30 · spread now −0.224%, 7d avg +0.052%
=Funding pays, the price is against you. Bybit is 0.276% cheaper against BingX than usual: you would sell low and buy high (spread −0.224% now, against its 7-day average of +0.052%). If the spread goes back, that is −$28 on $10k: about 10 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ESP-USDT | 0.09383 | 0.2564 | pay 0.1282% / 4h | 37m 29s | — | $1.7M | — |
| Short | Bybit ESPUSDT | 0.09362 | 0.2653 | get 0.1326% / 4h | 37m 29s | $1.1M | $587K | 50x |
BingX ESP-USDT
Bybit ESPUSDTFunding 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
- $18.66
- Price spread: −0.224% → +0.052%
- −$27.62
- Slippage, 4 orders
- −$112.07
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$142.03
- Costs to cover
- 1.331%
- Break-even
- 60.3 days
Slippage from BingX: live order book, 9 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, 9 min ago | 4.25 bp | 24.0 bp −$24 | 66.9 bp −$669 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.60 bp | 43.8 bp −$44 | 303.7 bp −$3,037 | doesn't fit | doesn't fit |
ESP on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ESP-USDT | +0.0069% | 4h | 0.09405 | +0.234% | $121K | $35K | 25x | as long as short |
| Aster ESPUSDT | +0.0100% | 4h | 0.09394 | +0.121% | $4K | $24K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09387 | +0.043% | $2.4M | $4.2M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09397 | +0.149% | $592K | $1.3M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09397 | +0.149% | $169K | $608K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09386 | +0.032% | $1.2M | $105K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09400 | +0.181% | $1.5M | $52K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09398 | +0.164% | $957K | $122K | 20x | as long as short |
| edgeX ESPUSDC | +0.0108% | 4h | 0.09401 | +0.192% | $29K | $269K | 10x | as long as short |
| BingX ESP-USDTlong | +0.2564% | 4h | 0.09383 | long leg | — | $1.7M | — |
BloFin ESP-USDT
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDTshort | +0.2653% | 4h | 0.09362 | −0.224% | $1.1M | $587K | 50x |