Funding you earn now, next payment 04:00 UTC−0.0408%/8h= −44.7% APRnext payment −$2.04 per $10,000 · paid last 24h −0.019%
Price spread now: Bybit against BingX+0.063%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$292as in the Funding arb table
Net, price: spread back to 7d avg − costs−$243as in the Price arb table
costs, in and out, $10k−$2452.453% of the position
Funding, last 7 days−0.465%−$46 on $10k
+Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.063%, 7d avg +0.042%
=The price spread pays, funding is against you. Bybit is 0.022% dearer against BingX than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of +0.042%): +$2 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 4 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX INX-USDT | 0.006314 | 0.0684 | pay 0.0342% / 4h | 57m 57s | — | $6.5M | — |
| Short | Bybit INXUSDT | 0.006318 | 0.0276 | get 0.0138% / 4h | 57m 57s | $812K | $384K | 13x |
BingX INX-USDT
Bybit INXUSDTFunding 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
- −$85.64
- Price spread: +0.063% → +0.042%
- $2.17
- Slippage, 4 orders
- −$224.27
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$328.74
- Costs to cover
- 2.453%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Bybit: live order book, 62 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, 8 min ago | 7.89 bp | 46.9 bp −$47 | 140.1 bp −$1,401 | 1263.8 bp −$126.4K | doesn't fit |
| Sell Bybit live order book, 62 min ago | 5.64 bp | 76.8 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
INX 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International INX-PERP-INTX | −0.1576% | 1h | 0.006083 | −3.659% | $5K | $5K | 50x | as long as short |
| Bitget INXUSDT | +0.0100% | 4h | 0.006325 | +0.174% | $393K | $107K | 25x | as long as short |
| Gate INX_USDT | +0.0120% | 4h | 0.006300 | −0.222% | $1.6M | $69K | 25x | as long as short |
| KuCoin INXUSDTM | +0.0182% | 4h | 0.006315 | +0.016% | $285K | $54K | 20x | as long as short |
| Bybit INXUSDTshort | +0.0276% | 4h | 0.006318 | +0.063% | $812K | $384K | 13x | |
| Deribit INX_USDC-PERPETUAL | +0.0543% | 1h | 0.006313 | −0.016% | $57K | $20K | 10x | as long as short |
| Binance INXUSDT | +0.0668% | 4h | 0.006309 | −0.079% | $2.1M | $1.5M | 25x | as long as short |
| Extended INX-USD | +0.0672% | 1h | 0.006308 | −0.090% | $3K | $108K | 5x | as long as short |
| MEXC INX_USDT | +0.0680% | 4h | 0.006312 | −0.032% | $902K | $208K | 50x | as long as short |
| BingX INX-USDTlong | +0.0684% | 4h | 0.006314 | long leg | — | $6.5M | — |
Coinbase International INX-PERP-INTX
Bitget INXUSDT
Gate INX_USDT
KuCoin INXUSDTM
Deribit INX_USDC-PERPETUAL
Binance INXUSDT
Extended INX-USD
MEXC INX_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster INXUSDT | +0.1183% | 4h | 0.006312 | −0.035% | $19K | $9K | 5x | as long as short |
Aster INXUSDT