Funding you earn now, next payment 04:00 UTC−0.0343%/8h= −37.5% APRnext payment −$1.71 per $10,000 · paid last 24h −0.038%
Price spread now: Bybit against BingX+0.107%7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$593as in the Funding arb table
Net, price: spread back to 7d avg − costs−$532as in the Price arb table
costs, in and out, $10k−$5475.468% of the position
Funding, last 7 days−0.461%−$46 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.107%, 7d avg −0.040%
=The price spread pays, funding is against you. Bybit is 0.147% dearer against BingX than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of −0.040%): +$15 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX O-USDT | 0.5608 | 0.0626 | pay 0.0313% / 4h | 2h 33m | — | $1.6M | — |
| Short | Bybit OUSDT | 0.5614 | 0.0283 | get 0.0142% / 4h | 2h 33m | $715K | $907K | 20x |
BingX O-USDT
Bybit OUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$72.01
- Price spread: +0.107% → −0.040%
- $14.69
- Slippage, 4 orders
- −$525.82
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$604.14
- Costs to cover
- 5.468%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Bybit: live order book, 32 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, 4 min ago | 9.80 bp | 38.3 bp −$38 | 223.0 bp −$2,230 | 708.3 bp −$70.8K | 1023.1 bp −$511.6K |
| Sell Bybit live order book, 32 min ago | 5.40 bp | 203.8 bp −$204 | doesn't fit | doesn't fit | doesn't fit |
O on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate O_USDT | +0.0100% | 4h | 0.5613 | +0.089% | $1.5M | $485K | 20x | as long as short |
| KuCoin OUSDTM | +0.0100% | 4h | 0.5617 | +0.160% | $1.3M | $758K | 20x | as long as short |
| Bitget OUSDT | +0.0100% | 4h | 0.5609 | +0.018% | $1.6M | $295K | 10x | as long as short |
| Variational Omni O | +0.0100% | 4h | 0.5615 | +0.127% | $3K | $535 | — | as long as short |
| Aster OUSDT | +0.0254% | 4h | 0.5620 | +0.214% | $23K | $46K | 3x | as long as short |
| Bybit OUSDTshort | +0.0283% | 4h | 0.5614 | +0.107% | $715K | $907K | 20x | |
| Binance OUSDT | +0.0367% | 4h | 0.5609 | +0.018% | $4.8M | $1.9M | 10x | as long as short |
| OKX O-USDT-SWAP | +0.0400% | 4h | 0.5610 | +0.036% | $1.5M | $1.1M | 10x | as long as short |
| MEXC O_USDT | +0.0426% | 4h | 0.5609 | +0.018% | $969K | $176K | 50x | as long as short |
| BingX O-USDTlong | +0.0626% | 4h | 0.5608 | long leg | — | $1.6M | — |
Gate O_USDT
KuCoin OUSDTM
Bitget OUSDT
Variational Omni O
Aster OUSDT
Binance OUSDT
OKX O-USDT-SWAP
MEXC O_USDT