Funding you earn now, next payment 12:00 UTC+0.0216%/8h= +23.7% APRnext payment +$1.08 per $10,000 · paid last 24h +0.053%
Price spread now: BingX against Bybit−0.123%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$750as in the Funding arb table
Net, price: spread back to 7d avg − costs−$785as in the Price arb table
costs, in and out, $10k−$7707.701% of the position
Funding, last 7 days+0.200%+$20 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.123%, 7d avg +0.028%
=Funding pays, the price is against you. BingX is 0.151% cheaper against Bybit than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of +0.028%). If the spread goes back, that is −$15 on $10k: about 2.3 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.200% in total) that is about 5.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HANAUSDT | 0.01465 | 0.0100 | pay 0.0050% / 4h | 3h 56m | $886K | $511K | 25x |
| Short | BingX HANA-USDT | 0.01463 | 0.0316 | get 0.0158% / 4h | 3h 56m | — | $6.5M | — |
Bybit HANAUSDT
BingX HANA-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
- $45.36
- Price spread: −0.123% → +0.028%
- −$15.11
- Slippage, 4 orders
- −$749.11
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$739.85
- Costs to cover
- 7.701%
- Break-even
- 121.2 days
Slippage from Bybit: live order book, 38 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, 38 min ago | 6.85 bp | 328.8 bp −$329 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 13.66 bp | 55.1 bp −$55 | 152.6 bp −$1,526 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HANAUSDT | +0.0100% | 4h | 0.01459 | −0.396% | $13K | $7K | 5x | as long as short |
| Bybit HANAUSDTlong | +0.0100% | 4h | 0.01465 | long leg | $886K | $511K | 25x | |
| Gate HANA_USDT | +0.0100% | 8h | 0.01463 | −0.123% | $635K | $605K | 25x | as long as short |
| KuCoin HANAUSDTM | +0.0100% | 4h | 0.01458 | −0.464% | $601K | $746K | 10x | as long as short |
| BingX HANA-USDTshort | +0.0316% | 4h | 0.01463 | −0.123% | — | $6.5M | — | |
| BloFin HANA-USDT | +0.0318% | 4h | 0.01465 | +0.014% | $334K | $5K | 10x | as long as short |
| MEXC HANA_USDT | +0.0330% | 4h | 0.01462 | −0.191% | $78K | $90K | 100x | as long as short |
| Binance HANAUSDT | +0.0344% | 4h | 0.01461 | −0.259% | $5.2M | $2.5M | 10x | as long as short |
Aster HANAUSDT
Gate HANA_USDT
KuCoin HANAUSDTM
BloFin HANA-USDT
MEXC HANA_USDT
Binance HANAUSDT