Funding you earn now, next payment 04:00 UTC−0.0266%/8h= −29.2% APRnext payment −$1.33 per $10,000 · paid last 24h −0.036%
Price spread now: Bybit against BingX−0.020%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$697as in the Funding arb table
Net, price: spread back to 7d avg − costs−$678as in the Price arb table
costs, in and out, $10k−$6786.783% of the position
Funding, last 7 days−0.185%−$18 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.020%, 7d avg −0.024%
=The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.185% in total (about -9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.33 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 HANA-USDT | 0.01481 | 0.0418 | pay 0.0209% / 4h | 1m 47s | — | $6.5M | — |
| Short | Bybit HANAUSDT | 0.01481 | 0.0152 | get 0.0076% / 4h | 1m 47s | $904K | $547K | 25x |
BingX HANA-USDT
Bybit HANAUSDTFunding 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
- −$55.95
- Price spread: −0.020% → −0.024%
- $0.42
- Slippage, 4 orders
- −$657.27
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$733.8
- Costs to cover
- 6.783%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Bybit: live order book, 53 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 | 10.16 bp | 43.2 bp −$43 | 244.8 bp −$2,448 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 53 min ago | 6.84 bp | 267.8 bp −$268 | doesn't fit | doesn't fit | doesn't fit |
HANA 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit HANAUSDTshort | +0.0152% | 4h | 0.01481 | −0.020% | $904K | $547K | 25x | |
| Aster HANAUSDT | +0.0176% | 4h | 0.01477 | −0.250% | $13K | $9K | 5x | as long as short |
| BingX HANA-USDTlong | +0.0418% | 4h | 0.01481 | long leg | — | $6.5M | — | |
| BloFin HANA-USDT | +0.0418% | 4h | 0.01476 | −0.338% | $337K | $5K | 10x | as long as short |
| MEXC HANA_USDT | +0.0440% | 4h | 0.01479 | −0.135% | $68K | $93K | 100x | as long as short |
| Binance HANAUSDT | +0.0442% | 4h | 0.01479 | −0.135% | $5.2M | $2.7M | 10x | as long as short |
| Gate HANA_USDT | +0.0495% | 8h | 0.01480 | −0.068% | $656K | $588K | 25x | as long as short |
| KuCoin HANAUSDTM | +0.0772% | 4h | 0.01474 | −0.473% | $609K | $810K | 10x | as long as short |
Aster HANAUSDT
BloFin HANA-USDT
MEXC HANA_USDT
Binance HANAUSDT
Gate HANA_USDT
KuCoin HANAUSDTM