Funding you earn now, next payment 04:00 UTC+0.0380%/8h= +41.7% APRnext payment +$1.90 per $10,000 · paid last 24h +0.019%
Price spread now: BingX against Bybit−0.111%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$261as in the Price arb table
costs, in and out, $10k−$2552.545% of the position
Funding, last 7 days+0.465%+$46 on $10k
+Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.111%, 7d avg −0.042%
=Funding pays, the price is against you. BingX is 0.069% cheaper against Bybit than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of −0.042%). If the spread goes back, that is −$7 on $10k: about 14 hours of funding at the current rate (+$11 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit INXUSDT | 0.006332 | 0.0192 | pay 0.0096% / 4h | 1h 22m | $815K | $383K | 13x |
| Short | BingX INX-USDT | 0.006325 | 0.0573 | get 0.0286% / 4h | 1h 22m | — | $6.5M | — |
Bybit INXUSDT
BingX INX-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
- $79.9
- Price spread: −0.111% → −0.042%
- −$6.89
- Slippage, 4 orders
- −$233.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$181.53
- Costs to cover
- 2.545%
- Break-even
- 22.9 days
Slippage from Bybit: live order book, 37 min ago; BingX: live order book, 4 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, 37 min ago | 5.64 bp | 73.1 bp −$73 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 9.47 bp | 50.9 bp −$51 | 147.8 bp −$1,478 | 1027.8 bp −$102.8K | 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 | −0.1656% | 1h | 0.006083 | −3.932% | $5K | $5K | 50x | as long as short |
| Gate INX_USDT | +0.0100% | 4h | 0.006330 | −0.032% | $1.6M | $70K | 25x | as long as short |
| Bitget INXUSDT | +0.0100% | 4h | 0.006330 | −0.032% | $394K | $100K | 25x | as long as short |
| Bybit INXUSDTlong | +0.0192% | 4h | 0.006332 | long leg | $815K | $383K | 13x | |
| KuCoin INXUSDTM | +0.0542% | 4h | 0.006343 | +0.174% | $287K | $54K | 20x | as long as short |
| BingX INX-USDTshort | +0.0573% | 4h | 0.006325 | −0.111% | — | $6.5M | — | |
| Extended INX-USD | +0.0608% | 1h | 0.006323 | −0.139% | $1K | $111K | 5x | as long as short |
| MEXC INX_USDT | +0.0608% | 4h | 0.006320 | −0.190% | $838K | $189K | 50x | as long as short |
| Binance INXUSDT | +0.0631% | 4h | 0.006318 | −0.221% | $2.1M | $1.5M | 25x | as long as short |
| Aster INXUSDT | +0.1153% | 4h | 0.006296 | −0.570% | $19K | $9K | 5x | as long as short |
Coinbase International INX-PERP-INTX
Gate INX_USDT
Bitget INXUSDT
KuCoin INXUSDTM
Extended INX-USD
MEXC INX_USDT
Binance INXUSDT
Aster INXUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit INX_USDC-PERPETUAL | +0.1174% | 1h | 0.006328 | −0.063% | $57K | $20K | 10x | as long as short |
Deribit INX_USDC-PERPETUAL