Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.039%
Price spread now: Bybit against BingX−0.026%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$940.940% of the position
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 7 days+0.076%+$8 · spread now −0.026%, 7d avg +0.012%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.038% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ID-USDT | 0.03844 | 0.0200 | pay 0.0100% / 4h | 2h 00m | — | $2.3M | — |
| Short | Bybit IDUSDT | 0.03843 | 0.0100 | get 0.0100% / 8h | 2h 00m | $1.5M | $1.1M | 25x |
BingX ID-USDT
Bybit IDUSDTFunding 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
- −$21
- Price spread: −0.026% → +0.012%
- −$3.79
- Slippage, 4 orders
- −$73.05
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$118.83
- Costs to cover
- 0.940%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Bybit: live order book, just now.
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, 2 min ago | 5.21 bp | 21.3 bp −$21 | 71.9 bp −$719 | 408.3 bp −$40.8K | 456.3 bp −$228.1K |
| Sell Bybit live order book, just now | 6.50 bp | 22.7 bp −$23 | 353.2 bp −$3,532 | doesn't fit | doesn't fit |
ID 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ID-USDT | +0.0058% | 4h | 0.03850 | +0.156% | $156K | $15K | 50x | as long as short |
| Aster IDUSDT | +0.0100% | 4h | 0.03842 | −0.065% | $9K | $2K | 5x | as long as short |
| Binance IDUSDT | +0.0100% | 4h | 0.03846 | +0.052% | $2.4M | $3.9M | 50x | as long as short |
| Bybit IDUSDTshort | +0.0100% | 8h | 0.03843 | −0.026% | $1.5M | $1.1M | 25x | |
| Gate ID_USDT | +0.0100% | 4h | 0.03841 | −0.078% | $259K | $226K | 25x | as long as short |
| MEXC ID_USDT | +0.0100% | 4h | 0.03847 | +0.078% | $383K | $217K | 20x | as long as short |
| KuCoin IDUSDTM | +0.0100% | 4h | 0.03842 | −0.052% | $1.1M | $68K | 30x | as long as short |
| Variational Omni ID | +0.0100% | 8h | 0.03848 | +0.099% | $12K | $20K | — | as long as short |
| BingX ID-USDTlong | +0.0200% | 4h | 0.03844 | long leg | — | $2.3M | — | |
| Bitget IDUSDT | +0.0210% | 4h | 0.03857 | +0.338% | $1.0M | $736K | 50x | as long as short |
BloFin ID-USDT
Aster IDUSDT
Binance IDUSDT
Gate ID_USDT
MEXC ID_USDT
KuCoin IDUSDTM
Variational Omni ID
Bitget IDUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IDUSD | +0.0276% | 1h | 0.03847 | +0.088% | $4K | $4K | 10x | as long as short |
Kraken Futures PF_IDUSD