Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BingX−0.086%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1321.323% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 7 days+0.006%+$1 · spread now −0.086%, 7d avg −0.096%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX INIT-USDT | 0.08176 | 0.0100 | pay 0.0050% / 4h | 2h 42m | — | $6.6M | — |
| Short | Bybit INITUSDT | 0.08169 | 0.0100 | get 0.0050% / 4h | 2h 42m | $1.4M | $1.4M | 25x |
BingX INIT-USDT
Bybit INITUSDTFunding 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
- $0
- Price spread: −0.086% → −0.096%
- $1.08
- Slippage, 4 orders
- −$111.34
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$131.26
- Costs to cover
- 1.323%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Bybit: live order book, 3 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 | 4.28 bp | 29.0 bp −$29 | 87.8 bp −$878 | 551.5 bp −$55.2K | 768.1 bp −$384.1K |
| Sell Bybit live order book, 3 min ago | 5.51 bp | 35.9 bp −$36 | 91.7 bp −$917 | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid INIT | +0.0100% | 1h | 0.08172 | −0.053% | $297K | $235K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08174 | −0.030% | $27K | $36K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08175 | −0.017% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDTshort | +0.0100% | 4h | 0.08169 | −0.086% | $1.4M | $1.4M | 25x | |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08191 | +0.183% | $132K | $631K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08167 | −0.110% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08175 | −0.012% | $444K | $215K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08180 | +0.049% | $325K | $55K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08174 | −0.024% | $427K | $311K | 25x | as long as short |
| BingX INIT-USDTlong | +0.0100% | 4h | 0.08176 | long leg | — | $6.6M | — |
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni INIT | +0.0100% | 4h | 0.08175 | −0.018% | $26K | $23K | — | as long as short |
| BloFin INIT-USDT | +0.0137% | 4h | 0.08178 | +0.024% | $155K | $110K | 25x | as long as short |
| Kraken Futures PF_INITUSD | +0.0535% | 1h | 0.08176 | −0.005% | $6K | $17K | 10x | as long as short |
Variational Omni INIT
BloFin INIT-USDT
Kraken Futures PF_INITUSD