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Funding arb · Price arb /

FIDA

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0218%/8h= +23.9% APRnext payment +$1.09 per $10,000 · paid last 24h +0.011%
Price spread now: BingX against Bybit+0.046%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$312as in the Funding arb table
Net, price: spread back to 7d avg − costs−$308as in the Price arb table
costs, in and out, $10k−$3143.135% of the position
Long on BybitShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 4 days (all we have)−0.075%−$7 · spread now +0.046%, 7d avg −0.010%
Together, before fees−0.059%−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BingX is 0.056% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.010%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.09 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit FIDAUSDT0.021600.0100pay 0.0050% / 4h3h 32m$464K$202K20x
ShortBingX FIDA-USDT0.021610.0318get 0.0159% / 4h3h 32m—$1.3M—

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

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

Profit calculator

Funding earned
$45.78
Price spread: +0.046% → −0.010%
$5.61
Slippage, 4 orders
−$292.53
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$262.14
Costs to cover
3.135%
Break-even
47.1 days
Slippage from Bybit: live order book, 12 min ago; BingX: live order book, 12 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, 12 min ago4.61 bp135.2 bp −$135doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 12 min ago6.92 bp25.7 bp −$2682.1 bp −$821781.9 bp −$78.2K1192.4 bp −$596.2K

FIDA 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 FIDAUSDT+0.0100%4h0.02160−0.009%$8K$7K5xas long as short
Binance FIDAUSDT+0.0100%4h0.02161+0.034%$1.4M$2.4M25xas long as short
Bybit FIDAUSDTlong+0.0100%4h0.02160long leg$464K$202K20x
Gate FIDA_USDT+0.0100%4h0.02162+0.093%$46K$38K10xas long as short
MEXC FIDA_USDT+0.0100%4h0.021600.000%$728K$175K20xas long as short
Variational Omni FIDA+0.0100%4h0.02163+0.121%$3K$401—as long as short
Extended FIDA-USD+0.0104%1h0.02160−0.001%$5K$101K5xas long as short
Bitget FIDAUSDT+0.0318%4h0.02165+0.236%$533K$348K25xas long as short
BingX FIDA-USDTshort+0.0318%4h0.02161+0.046%—$1.3M—