Funding you earn now, next payment 00:00 UTC+0.0596%/8h= +65.3% APRnext payment +$2.98 per $10,000 · paid last 24h +0.065%
Price spread now: BingX against Bybit−0.132%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$781as in the Funding arb table
Net, price: spread back to 7d avg − costs−$800as in the Price arb table
costs, in and out, $10k−$7937.935% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.132%, 7d avg −0.069%
=Funding pays, the price is against you. BingX is 0.063% cheaper against Bybit than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of −0.069%). If the spread goes back, that is −$6 on $10k: about 8 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.121% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.98 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 GWEIUSDT | 0.02276 | 0.0100 | pay 0.0050% / 4h | 2h 37m | $369K | $113K | 25x |
| Short | BingX GWEI-USDT | 0.02273 | 0.0696 | get 0.0348% / 4h | 2h 37m | — | $1.6M | — |
Bybit GWEIUSDT
BingX GWEI-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
- $125.16
- Price spread: −0.132% → −0.069%
- −$6.27
- Slippage, 4 orders
- −$772.45
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$674.56
- Costs to cover
- 7.935%
- Break-even
- 44.7 days
Slippage from Bybit: live order book, 46 min ago; BingX: live order book, 10 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, 46 min ago | 4.39 bp | 412.6 bp −$413 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 8.80 bp | 36.6 bp −$37 | 94.3 bp −$943 | 630.9 bp −$63.1K | 1028.1 bp −$514.1K |
GWEI 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit GWEIUSDTlong | +0.0100% | 4h | 0.02276 | long leg | $369K | $113K | 25x | |
| KuCoin GWEIUSDTM | +0.0100% | 4h | 0.02267 | −0.400% | $450K | $16K | 20x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02278 | +0.066% | $4K | $55 | — | as long as short |
| Gate GWEI_USDT | +0.0418% | 4h | 0.02272 | −0.163% | $374K | $385K | 10x | as long as short |
| Bitget GWEIUSDT | +0.0500% | 4h | 0.02271 | −0.220% | $1.9M | $200K | 20x | as long as short |
| Extended GWEI-USD | +0.0680% | 1h | 0.02275 | −0.065% | $3K | $142K | 5x | as long as short |
| Binance GWEIUSDT | +0.0681% | 4h | 0.02275 | −0.051% | $2.3M | $2.5M | 50x | as long as short |
| MEXC GWEI_USDT | +0.0692% | 4h | 0.02274 | −0.088% | $100K | $86K | 20x | as long as short |
| BingX GWEI-USDTshort | +0.0696% | 4h | 0.02273 | −0.132% | — | $1.6M | — | |
| BloFin GWEI-USDT | +0.0722% | 4h | 0.02273 | −0.132% | $170K | $28K | 50x | as long as short |
KuCoin GWEIUSDTM
Variational Omni GWEI
Gate GWEI_USDT
Bitget GWEIUSDT
Extended GWEI-USD
Binance GWEIUSDT
MEXC GWEI_USDT
BloFin GWEI-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1628% | 4h | 0.02272 | −0.161% | $19K | $8K | 10x | as long as short |
Aster GWEIUSDT