Funding you earn now, next payment 04:00 UTC+0.0294%/8h= +32.1% APRnext payment +$1.47 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against Bybit+0.056%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$378as in the Funding arb table
Net, price: spread back to 7d avg − costs−$376as in the Price arb table
costs, in and out, $10k−$3803.802% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.056%, 7d avg +0.011%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BingX is 0.045% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.011%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.47 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 INUSDT | 0.03561 | 0.0100 | pay 0.0050% / 4h | 2h 07m | $758K | $167K | 20x |
| Short | BingX IN-USDT | 0.03563 | 0.0394 | get 0.0197% / 4h | 2h 07m | — | $2.3M | — |
Bybit INUSDT
BingX IN-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
- $61.66
- Price spread: +0.056% → +0.011%
- $4.54
- Slippage, 4 orders
- −$359.22
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$314.02
- Costs to cover
- 3.802%
- Break-even
- 42.7 days
Slippage from Bybit: live order book, 57 min ago; BingX: live order book, 11 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, 57 min ago | 5.67 bp | 133.5 bp −$134 | 2962.2 bp −$29.6K | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 26.67 bp | 54.9 bp −$55 | 152.8 bp −$1,528 | 1129.2 bp −$112.9K | 1338.9 bp −$669.5K |
IN on 9 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 INUSDTlong | +0.0100% | 4h | 0.03561 | long leg | $758K | $167K | 20x | |
| KuCoin INUSDTM | +0.0100% | 4h | 0.03568 | +0.197% | $297K | $67K | 30x | as long as short |
| Bitget INUSDT | +0.0100% | 4h | 0.03565 | +0.112% | $837K | $169K | 25x | as long as short |
| Variational Omni IN | +0.0100% | 4h | 0.03561 | −0.003% | $1K | $6 | — | as long as short |
| Aster INUSDT | +0.0349% | 4h | 0.03554 | −0.204% | $128K | $21K | 5x | as long as short |
| BingX IN-USDTshort | +0.0394% | 4h | 0.03563 | +0.056% | — | $2.3M | — | |
| MEXC IN_USDT | +0.0416% | 4h | 0.03564 | +0.084% | $275K | $94K | 20x | as long as short |
| Binance INUSDT | +0.0429% | 4h | 0.03562 | +0.028% | $2.0M | $1.3M | 25x | as long as short |
| Gate IN_USDT | +0.0638% | 4h | 0.03560 | −0.028% | $234K | $139K | 50x | as long as short |
KuCoin INUSDTM
Bitget INUSDT
Variational Omni IN
Aster INUSDT
MEXC IN_USDT
Binance INUSDT
Gate IN_USDT