Funding you earn now, next payment 08:00 UTC−0.0391%/8h= −42.8% APRnext payment −$1.96 per $10,000 · paid last 24h +0.002%
Price spread now: Bybit against BingX−0.043%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$490.487% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 7 days+0.073%+$7 · spread now −0.043%, 7d avg +0.013%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bybit is 0.057% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.013%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.020% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.96 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 ETHFI-USDT | 0.6927 | 0.0100 | pay 0.0050% / 4h | 2h 32m | — | $8.8M | — |
| Short | Bybit ETHFIUSDT | 0.6924 | −0.0291 | pay 0.0146% / 4h | 2h 32m | $17.2M | $12.8M | 25x |
BingX ETHFI-USDT
Bybit ETHFIUSDTFunding 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
- −$82.17
- Price spread: −0.043% → +0.013%
- −$5.66
- Slippage, 4 orders
- −$27.73
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$136.55
- Costs to cover
- 0.487%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 1 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, 6 min ago | 1.44 bp | 7.1 bp −$7 | 11.0 bp −$110 | 20.9 bp −$2,089 | 62.7 bp −$31.3K |
| Sell Bybit live order book, 1 min ago | 0.72 bp | 17.3 bp −$17 | 42.8 bp −$428 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0472% | 1h | 0.6923 | −0.058% | $39K | $10K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0419% | 4h | 0.6912 | −0.217% | $80K | $183K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0412% | 1h | 0.6945 | +0.256% | $284K | $278K | 20x | as long as short |
| Bybit ETHFIUSDTshort | −0.0291% | 4h | 0.6924 | −0.043% | $17.2M | $12.8M | 25x | |
| Orderly PERP_ETHFI_USDC | −0.0264% | 4h | 0.6919 | −0.115% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0121% | 4h | 0.6938 | +0.165% | $906K | $762K | — | as long as short |
| Extended ETHFI-USD | −0.0032% | 1h | 0.6925 | −0.023% | $94K | $502K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0030% | 4h | 0.6924 | −0.046% | $24.0M | $35.6M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0028% | 4h | 0.6926 | −0.014% | $15.7M | $4.1M | 125x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0007% | 8h | 0.6928 | +0.020% | $6K | — | 5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDT
Paradex ETHFI-USD-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ETHFIUSDT | +0.0008% | 4h | 0.6933 | +0.085% | $177K | $260K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.519% | $321 | $51K | 5.5x | as long as short |
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.6915 | −0.173% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6935 | +0.115% | $1.1M | $831K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6929 | +0.026% | $16.8M | $8.4M | 5x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6925 | −0.029% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6930 | +0.043% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6925 | −0.029% | $1.2M | $232K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6924 | −0.043% | $6.0M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDTlong | +0.0100% | 4h | 0.6927 | long leg | — | $8.8M | — | |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6933 | +0.087% | $62K | $127K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6931 | +0.058% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0212% | 4h | 0.6916 | −0.159% | $1.2M | $236K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0376% | 1h | 0.7054 | +1.833% | $31K | $5K | 50x | as long as short |
Aster ETHFIUSDT
Injective ETHFI/USDC PERP
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX