M

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0640%/8h= +70.1% APRnext payment +$3.20 per $10,000 · paid last 24h +0.118%

Price spread now: BingX against Bybit−0.034%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1271.274% of the position

Long on Bybit Short on BingX

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+0.178%+$18 · spread now −0.034%, 7d avg +0.042%

Together, before fees+0.452%+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.075% cheaper against Bybit than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.042%). If the spread goes back, that is −$8 on $10k: about 9 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.273% in total) that is about 46 hours.

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 +$3.20 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 MUSDT	1.4723	0.0100	pay 0.0050% / 4h	1h 55m	$4.7M	$2.3M	20x
Short	BingX M-USDT	1.4718	0.0740	get 0.0370% / 4h	1h 55m	—	$2.4M	—

Funding 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 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 BybitbpFee BingXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $134.4
Price spread: −0.034% → +0.042%: −$7.55
Slippage, 4 orders: −$106.43
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$0.58
Costs to cover: 1.274%
Break-even: 7.0 days

Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 9 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, 2 min ago	2.04 bp	47.9 bp −$48	386.0 bp −$3,860	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	7.49 bp	19.4 bp −$19	89.3 bp −$893	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 MUSDTlong	+0.0100%	4h	1.4723	long leg	$4.7M	$2.3M	20x
Gate M_USDT	+0.0100%	8h	1.4720	−0.020%	$2.0M	$882K	10x	as long as short
Bitget MUSDT	+0.0100%	4h	1.4744	+0.143%	$1.9M	$347K	10x	as long as short
Variational Omni M	+0.0100%	4h	1.4623	−0.676%	$90K	$42K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.4761	+0.258%	$2K	$596	10x	as long as short
SunX M-USDT	+0.0100%	4h	1.4746	+0.156%	$2K	$550K	20x	as long as short
Aster MUSDT	+0.0499%	4h	1.4751	+0.193%	$15K	$116K	5x	as long as short
BingX M-USDTshort	+0.0740%	4h	1.4718	−0.034%	—	$2.4M	—
KuCoin MUSDTM	+0.0770%	4h	1.4607	−0.788%	$1.4M	$4.4M	10x	as long as short
Binance MUSDT	+0.0818%	4h	1.4737	+0.095%	$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
MEXC M_USDT	+0.0818%	4h	1.4739	+0.109%	$247K	$109K	50x	as long as short
BloFin M-USDT	+0.0841%	4h	1.4713	−0.068%	$351K	$405K	10x	as long as short