Funding you earn now, next payment 08:00 UTC−0.0993%/8h= −108.8% APRnext payment −$4.97 per $10,000 · paid last 24h −0.072%
Price spread now: BingX against Bybit+0.064%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$415as in the Funding arb table
Net, price: spread back to 7d avg − costs−$388as in the Price arb table
costs, in and out, $10k−$3923.924% of the position
Funding, last 7 days−0.228%−$23 on $10k
+Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.064%, 7d avg +0.023%
=The price spread pays, funding is against you. BingX is 0.041% dearer against Bybit than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of +0.023%): +$4 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.228% in total) that is about 30 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.228% in total (about -11.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.97 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 | Bybit LONGXIAUSDT | 0.2017 | 0.1063 | pay 0.0532% / 4h | 2h 42m | $749K | $7.6M | 10x |
| Short | BingX LONGXIA-USDT | 0.2018 | 0.0070 | get 0.0035% / 4h | 2h 42m | — | $2.2M | — |
Bybit LONGXIAUSDT
BingX LONGXIA-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
- −$208.63
- Price spread: +0.064% → +0.023%
- $4.12
- Slippage, 4 orders
- −$371.39
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$596.9
- Costs to cover
- 3.924%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 10 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, 5 min ago | 7.47 bp | 147.5 bp −$147 | 908.5 bp −$9,085 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 5.95 bp | 24.6 bp −$25 | 114.5 bp −$1,145 | 319.1 bp −$31.9K | 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-USDTshort | +0.0070% | 4h | 0.2018 | +0.064% | — | $2.2M | — | |
| MEXC LONGXIA_USDT | +0.0350% | 4h | 0.2011 | −0.293% | $1.5M | $1.5M | 50x | as long as short |
| Bybit LONGXIAUSDTlong | +0.1063% | 4h | 0.2017 | long leg | $749K | $7.6M | 10x | |
| KuCoin LONGXIAUSDTM | +0.1264% | 4h | 0.2009 | −0.399% | $32.6M | $4.5M | 10x | as long as short |
MEXC LONGXIA_USDT
KuCoin LONGXIAUSDTM