Funding you earn now, next payment 08:00 UTC−0.1193%/8h= −130.7% APRnext payment −$5.97 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against Bybit−0.091%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$347as in the Funding arb table
Net, price: spread back to 7d avg − costs−$350as in the Price arb table
costs, in and out, $10k−$3403.397% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.091%, 7d avg +0.012%
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and BingX is 0.103% cheaper against Bybit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.012%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.077% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.97 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 10000NEXUSDT | 0.000001098 | 0.1263 | pay 0.0632% / 4h | 2h 41m | $366K | $48K | 10x |
| Short | BingX 10000NEX-USDT | 0.000001097 | 0.0070 | get 0.0035% / 4h | 2h 41m | — | $1.6M | — |
Bybit 10000NEXUSDT
BingX 10000NEX-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
- −$250.57
- Price spread: −0.091% → +0.012%
- −$10.29
- Slippage, 4 orders
- −$318.68
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$600.53
- Costs to cover
- 3.397%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 63 min ago; BingX: live order book, 11 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, 63 min ago | 13.79 bp | 96.8 bp −$97 | 15221.3 bp −$152.2K | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 9.17 bp | 87.2 bp −$87 | 410.8 bp −$4,108 | 1033.7 bp −$103.4K | 1267.2 bp −$633.6K |
NEX on 6 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 10000NEX-USDTshort | +0.0070% | 4h | 0.000001097 | −0.091% | — | $1.6M | — | |
| Aster 1000NEXUSDT | +0.0100% | 1h | 0.000001083 | −1.389% | $2K | $918 | 3x | as long as short |
| KuCoin NEXUSDTM | +0.0100% | 4h | 0.000001098 | 0.000% | $168K | $636K | 10x | as long as short |
| Bitget 10000NEXUSDT | +0.0100% | 4h | 0.000001098 | 0.000% | $121K | $42K | 20x | as long as short |
| Bybit 10000NEXUSDTlong | +0.1263% | 4h | 0.000001098 | long leg | $366K | $48K | 10x | |
| MEXC NEX_USDT | +0.1322% | 4h | 0.000001097 | −0.091% | $120K | $96K | 20x | as long as short |
Aster 1000NEXUSDT
KuCoin NEXUSDTM
Bitget 10000NEXUSDT
MEXC NEX_USDT