Funding you earn now, next payment 08:00 UTC−0.0478%/8h= −52.3% APRnext payment −$2.39 per $10,000 · paid last 24h −0.184%
Price spread now: Bybit against BingX−0.067%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$426as in the Funding arb table
Net, price: spread back to 7d avg − costs−$389as in the Price arb table
costs, in and out, $10k−$3843.838% of the position
Funding, last 7 days−0.421%−$42 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.067%, 7d avg −0.016%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bybit is 0.052% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX KGEN-USDT | 0.1632 | 0.0578 | pay 0.0289% / 4h | 3h 13m | — | $6.5M | — |
| Short | Bybit KGENUSDT | 0.1631 | 0.0100 | get 0.0050% / 4h | 3h 13m | $752K | $315K | 20x |
BingX KGEN-USDT
Bybit KGENUSDTFunding 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
- −$100.38
- Price spread: −0.067% → −0.016%
- −$5.17
- Slippage, 4 orders
- −$362.78
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$489.33
- Costs to cover
- 3.838%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Bybit: live order book, 36 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 | 15.33 bp | 48.4 bp −$48 | 129.8 bp −$1,298 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 36 min ago | 6.12 bp | 137.5 bp −$138 | doesn't fit | doesn't fit | doesn't fit |
KGEN on 12 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 KGENUSDTshort | +0.0100% | 4h | 0.1631 | −0.067% | $752K | $315K | 20x | |
| OKX KGEN-USDT-SWAP | +0.0100% | 4h | 0.1630 | −0.123% | $198K | $118K | 10x | as long as short |
| KuCoin KGENUSDTM | +0.0100% | 4h | 0.1631 | −0.067% | $750K | $1.8M | 50x | as long as short |
| Variational Omni KGEN | +0.0100% | 4h | 0.1632 | −0.017% | $5K | $1K | — | as long as short |
| SunX KGEN-USDT | +0.0100% | 4h | 0.1629 | −0.202% | $2K | $849K | 20x | as long as short |
| Bitget KGENUSDT | +0.0216% | 4h | 0.1632 | +0.006% | $1.7M | $170K | 50x | as long as short |
| BingX KGEN-USDTlong | +0.0578% | 4h | 0.1632 | long leg | — | $6.5M | — | |
| Binance KGENUSDT | +0.0607% | 4h | 0.1632 | 0.000% | $5.0M | $822K | 50x | as long as short |
| MEXC KGEN_USDT | +0.0608% | 4h | 0.1632 | 0.000% | $460K | $103K | 50x | as long as short |
| BloFin KGEN-USDT | +0.0655% | 4h | 0.1631 | −0.061% | $224K | $19K | 50x | as long as short |
OKX KGEN-USDT-SWAP
KuCoin KGENUSDTM
Variational Omni KGEN
SunX KGEN-USDT
Bitget KGENUSDT
Binance KGENUSDT
MEXC KGEN_USDT
BloFin KGEN-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate KGEN_USDT | +0.0760% | 4h | 0.1625 | −0.429% | $1.5M | $85K | 50x | as long as short |
| Aster KGENUSDT | +0.1120% | 4h | 0.1630 | −0.139% | $20K | $4K | 5x | as long as short |
Gate KGEN_USDT
Aster KGENUSDT