Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.08939 | +0.2577 | pay 0.1289% / 4h | 46m 17s | $5.0M | $9.8M | 5x | Long Bybit | |
| SHORT | 0.08955 | +0.0082 | get 0.0041% / 4h | 46m 17s | — | $828K | — | Short BingX |
Price gap+0.179%
Funding gap−0.2495% /8h
Both sides work against this direction now: funding costs $75 a day on $10k and the gap is 0.066% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$5−0.2495% /8h now · paid −0.050% over the last 1 day (all we have)
Price−$7spread +0.179% now, avg +0.245% → −0.066% if it goes back
Costs−$1681.675% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 1 day it paid −0.050% in total, about −0.0114%/8h on average.
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
BingX price against Bybitnow
RANGE STATS · 7D
Now+0.179%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hKII on 6 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size59.1 / 36.5 bpAt $10k entering Bybit costs 59.1 bp, fee and slippage, 1.6× BingX’s.
- Note: Margin at max leverage$2,000 + —Bybit 5x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$74.86Long Bybit: 6 payments, −$77.32; short BingX: 6 payments, +$2.46.
- Watch: Gap narrower than usual+0.179% vs +0.245%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Open interest unknown$5.0M vs — OIBingX reports no open interest, so the legs cannot be compared.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Yes · BingX YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0114%/8h × 21 periods−$23.87
Price spread+0.179% → +0.245% (7d avg)−$6.58
Slippage, 4 orderslive order books−$146.52
Fee Bybit bp × 2 orders−$11.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$197.97
Costs to cover1.675%Break-evennever at this rate
Slippage: Bybit: live order book, 2 min ago; BingX: live order book, 54 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit3.3559.1 bp−$59734.7 bp−$7,347doesn’t fitdoesn’t fit
SELL · SHORTBingX2.2536.5 bp−$37315.0 bp−$3,150900.8 bp−$90.1K1120.5 bp−$560.2K
Closing costs about the same again.
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| 09-28 10:03 | Bybit | Listing | new market KIIUSDT ($KII) seen by our collector |
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| 09-24 10:59 | OKX | Listing | new market KII-USDT-SWAP ($KII) seen by our collector |


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