Funding you earn now, next payment 04:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.20 per $10,000 · paid last 24h +0.033%
Price spread now: BingX against Bybit+0.252%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$698as in the Funding arb table
Net, price: spread back to 7d avg − costs−$723as in the Price arb table
costs, in and out, $10k−$7447.440% of the position
Funding, last 7 days+0.455%+$45 on $10k
+Price spread, last 4 days (all we have)−1.188%−$119 · spread now +0.252%, 7d avg +0.041%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.211% dearer against Bybit than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OUSDT | 0.5565 | 0.0343 | pay 0.0172% / 4h | 1h 43m | $706K | $925K | 20x |
| Short | BingX O-USDT | 0.5579 | 0.0384 | get 0.0192% / 4h | 1h 43m | — | $1.6M | — |
Bybit OUSDT
BingX O-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
- $8.59
- Price spread: +0.252% → +0.041%
- $21.06
- Slippage, 4 orders
- −$722.97
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$714.32
- Costs to cover
- 7.440%
- Break-even
- 588.9 days
Slippage from Bybit: live order book, 17 min ago; BingX: live order book, 4 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, 17 min ago | 8.11 bp | 348.9 bp −$349 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 8.06 bp | 42.7 bp −$43 | 165.4 bp −$1,654 | 1062.2 bp −$106.2K | 1376.9 bp −$688.4K |
O on 11 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 | 0.5566 | +0.018% | $1.5M | $509K | 20x | as long as short |
| KuCoin OUSDTM | +0.0100% | 4h | 0.5560 | −0.090% | $1.2M | $734K | 20x | as long as short |
| Bitget OUSDT | +0.0100% | 4h | 0.5565 | 0.000% | $1.6M | $316K | 10x | as long as short |
| Variational Omni O | +0.0100% | 4h | 0.5578 | +0.225% | $3K | $535 | — | as long as short |
| Aster OUSDT | +0.0259% | 4h | 0.5567 | +0.038% | $19K | $50K | 3x | as long as short |
| Binance OUSDT | +0.0269% | 4h | 0.5567 | +0.037% | $4.7M | $1.9M | 10x | as long as short |
| BloFin O-USDT | +0.0328% | 4h | 0.5562 | −0.054% | $238K | $6K | 20x | as long as short |
| Bybit OUSDTlong | +0.0343% | 4h | 0.5565 | long leg | $706K | $925K | 20x | |
| OKX O-USDT-SWAP | +0.0367% | 4h | 0.5566 | +0.018% | $1.5M | $1.1M | 10x | as long as short |
| MEXC O_USDT | +0.0374% | 4h | 0.5564 | −0.018% | $960K | $176K | 50x | as long as short |
Gate O_USDT
KuCoin OUSDTM
Bitget OUSDT
Variational Omni O
Aster OUSDT
Binance OUSDT
BloFin O-USDT
OKX O-USDT-SWAP
MEXC O_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX O-USDTshort | +0.0384% | 4h | 0.5579 | +0.252% | — | $1.6M | — |