Funding you earn now, next payment 04:00 UTC+0.0224%/8h= +24.6% APRnext payment +$1.12 per $10,000 · paid last 24h +0.008%
Price spread now: BingX against Bybit0.000%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$264as in the Funding arb table
Net, price: spread back to 7d avg − costs−$281as in the Price arb table
costs, in and out, $10k−$2742.738% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now 0.000%, 7d avg +0.074%
=Funding pays, the price is against you. BingX is 0.074% cheaper against Bybit than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.074%). If the spread goes back, that is −$7 on $10k: about 26 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.100% in total) that is about 5.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.12 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 | Bybit FHEUSDT | 0.02241 | 0.0312 | pay 0.0156% / 4h | 1h 17m | $1.6M | $477K | 13x |
| Short | BingX FHE-USDT | 0.02241 | 0.0536 | get 0.0268% / 4h | 1h 17m | — | $6.5M | — |
Bybit FHEUSDT
BingX FHE-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $47.11
- Price spread: 0.000% → +0.074%
- −$7.35
- Slippage, 4 orders
- −$252.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$233.99
- Costs to cover
- 2.738%
- Break-even
- 41.8 days
Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 9 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 Bybit live order book, 4 min ago | 4.46 bp | 92.7 bp −$93 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 6.68 bp | 47.7 bp −$48 | 169.7 bp −$1,697 | 1034.8 bp −$103.5K | doesn't fit |
FHE on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate FHE_USDT | +0.0100% | 8h | 0.02240 | −0.045% | $620K | $76K | 10x | as long as short |
| Bybit FHEUSDTlong | +0.0312% | 4h | 0.02241 | long leg | $1.6M | $477K | 13x | |
| Aster FHEUSDT | +0.0400% | 4h | 0.02243 | +0.080% | $16K | $2K | 5x | as long as short |
| BingX FHE-USDTshort | +0.0536% | 4h | 0.02241 | 0.000% | — | $6.5M | — | |
| MEXC FHE_USDT | +0.0564% | 4h | 0.02243 | +0.089% | $847K | $301K | 50x | as long as short |
| Binance FHEUSDT | +0.0565% | 4h | 0.02243 | +0.085% | $3.0M | $1.4M | 10x | as long as short |
| Extended FHE-USD | +0.0568% | 1h | 0.02242 | +0.061% | $3K | $98K | 5x | as long as short |
| KuCoin FHEUSDTM | +0.1184% | 4h | 0.02243 | +0.089% | $638K | $9.7M | 10x | as long as short |
Gate FHE_USDT
Aster FHEUSDT
MEXC FHE_USDT
Binance FHEUSDT
Extended FHE-USD
KuCoin FHEUSDTM