Funding you earn now, next payment 04:00 UTC+0.0513%/8h= +56.1% APRnext payment +$2.56 per $10,000 · paid last 24h +0.032%
Price spread now: Bybit against BingX+0.159%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$300as in the Funding arb table
Net, price: spread back to 7d avg − costs−$301as in the Price arb table
costs, in and out, $10k−$3193.190% of the position
Funding, last 7 days+0.188%+$19 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.159%, 7d avg −0.018%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Bybit is 0.177% dearer against BingX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.018%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.188% in total (about 9.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.56 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX LONGXIA-USDT | 0.2263 | 0.0070 | pay 0.0035% / 4h | 1h 20m | — | $2.2M | — |
| Short | Bybit LONGXIAUSDT | 0.2267 | 0.0583 | get 0.0291% / 4h | 1h 20m | $778K | $7.5M | 10x |
BingX LONGXIA-USDT
Bybit LONGXIAUSDTFunding 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
- $107.65
- Price spread: +0.159% → −0.018%
- $17.72
- Slippage, 4 orders
- −$298.05
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$193.67
- Costs to cover
- 3.190%
- Break-even
- 19.6 days
Slippage from BingX: live order book, 3 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, 3 min ago | 4.91 bp | 21.9 bp −$22 | 86.6 bp −$866 | 817.1 bp −$81.7K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 6.69 bp | 142.8 bp −$143 | 790.6 bp −$7,906 | doesn't fit | doesn't fit |
LONGXIA on 4 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX LONGXIA-USDTlong | +0.0070% | 4h | 0.2263 | long leg | — | $2.2M | — | |
| MEXC LONGXIA_USDT | +0.0100% | 4h | 0.2256 | −0.318% | $1.7M | $1.5M | 50x | as long as short |
| Bybit LONGXIAUSDTshort | +0.0583% | 4h | 0.2267 | +0.159% | $778K | $7.5M | 10x | |
| KuCoin LONGXIAUSDTM | +0.0844% | 4h | 0.2260 | −0.163% | $36.9M | $4.3M | 10x | as long as short |
MEXC LONGXIA_USDT
KuCoin LONGXIAUSDTM