M

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0538%/8h= −58.9% APRnext payment −$2.69 per $10,000 · paid last 24h −0.118%

Price spread now: Bybit against BingX−0.068%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1231.225% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.273%−$27 on $10k

Price spread, last 7 days−0.077%−$8 · spread now −0.068%, 7d avg −0.042%

Together, before fees−0.350%−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bybit is 0.026% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.042%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.273% in total (about -14.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.69 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 M-USDT	1.4725	0.0638	pay 0.0319% / 4h	2h 17m	—	$2.4M	—
Short	Bybit MUSDT	1.4715	0.0100	get 0.0050% / 4h	2h 17m	$4.7M	$2.3M	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$112.98
Price spread: −0.068% → −0.042%: −$2.64
Slippage, 4 orders: −$101.51
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$238.13
Costs to cover: 1.225%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Bybit: live order book, 5 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, 11 min ago	9.11 bp	21.2 bp −$21	74.4 bp −$744	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.39 bp	38.5 bp −$39	248.8 bp −$2,488	doesn't fit	doesn't fit

M 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 MUSDTshort	+0.0100%	4h	1.4715	−0.068%	$4.7M	$2.3M	20x
Gate M_USDT	+0.0100%	8h	1.4711	−0.095%	$2.0M	$892K	10x	as long as short
Bitget MUSDT	+0.0100%	4h	1.4729	+0.027%	$1.9M	$342K	10x	as long as short
Variational Omni M	+0.0100%	4h	1.4747	+0.151%	$90K	$42K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.4737	+0.081%	$2K	$139	10x	as long as short
SunX M-USDT	+0.0100%	4h	1.4721	−0.027%	$2K	$541K	20x	as long as short
Aster MUSDT	+0.0451%	4h	1.4735	+0.069%	$15K	$115K	5x	as long as short
BingX M-USDTlong	+0.0638%	4h	1.4725	long leg	—	$2.4M	—
MEXC M_USDT	+0.0706%	4h	1.4735	+0.068%	$247K	$112K	50x	as long as short
Binance MUSDT	+0.0716%	4h	1.4732	+0.048%	$5.5M	$4.5M	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin M-USDT	+0.0718%	4h	1.4703	−0.149%	$348K	$400K	10x	as long as short
KuCoin MUSDTM	+0.0858%	4h	1.4617	−0.733%	$1.4M	$4.4M	10x	as long as short