NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0094%/8h= −10.2% APRnext payment −$0.47 per $10,000 · paid last 24h −0.013%

Price spread now: Bybit against BingX−0.020%7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$388as in the Funding arb table

Net, price: spread back to 7d avg − costs−$378as in the Price arb table

costs, in and out, $10k−$3863.864% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.020%, 7d avg −0.106%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.086% dearer against BingX than usual: you sell high and buy low (spread −0.020% now, against its 7-day average of −0.106%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 7 days (−0.016% in total) that is about 37 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NOT-USDC	0.0005083	0.0100	pay 0.0050% / 4h	3h 44m	—	$722K	—
Short	Bybit NOTUSDT	0.0005082	0.0006	get 0.0003% / 4h	3h 44m	$2.1M	$828K	25x

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 −0.020%Rate

Funding earned: −$19.64
Price spread: −0.020% → −0.106%: $8.59
Slippage, 4 orders: −$365.35
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$397.41
Costs to cover: 3.864%
Break-even: never at this rate

Slippage from BingX: live order book, 44 min ago; Bybit: live order book, 2 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, 44 min ago	5.92 bp	183.2 bp −$183	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.97 bp	28.8 bp −$29	122.1 bp −$1,221	doesn't fit	doesn't fit

NOT on 16 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
Kraken Futures PF_NOTUSD	−0.0333%	1h	0.0005088	+0.101%	$50K	$10K	10x	as long as short
Gate NOT_USDT	−0.0290%	4h	0.0005089	+0.118%	$141K	$78K	50x	as long as short
Variational Omni NOT	−0.0097%	4h	0.0005078	−0.094%	$72K	$39K	—	as long as short
Bybit NOTUSDTshort	+0.0006%	4h	0.0005082	−0.020%	$2.1M	$828K	25x
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.112%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005100	+0.329%	$11K	$5K	3x	as long as short
BloFin NOT-USDT	+0.0097%	4h	0.0005087	+0.079%	$112K	$17K	50x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005090	+0.138%	$372K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005090	+0.140%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005087	+0.085%	$2.1M	$3.1M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005089	+0.118%	$632K	$612K	20x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005089	+0.118%	$1.4M	$461K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005082	−0.020%	$464K	$136K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005092	+0.177%	$668K	$389K	50x	as long as short
BingX NOT-USDClong	+0.0100%	4h	0.0005083	long leg	—	$722K	—
Extended kNOT-USD	+0.0104%	1h	0.0005090	+0.140%	$4K	$491	5x	as long as short