Funding you earn now, next payment 00:00 UTC−0.0537%/8h= −58.9% APRnext payment −$2.69 per $10,000 · paid last 24h −0.290%
Price spread now: Bybit against BingX−0.355%7-day average −0.243% · you buy dearer than you sell
Net, funding: paid 7d − costs−$473as in the Funding arb table
Net, price: spread back to 7d avg − costs−$448as in the Price arb table
costs, in and out, $10k−$4374.371% of the position
Funding, last 7 days−0.355%−$35 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.355%, 7d avg −0.243%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bybit is 0.112% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.243%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.355% in total (about -18.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.69 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 | BingX PLAYSOUT-USDT | 0.02819 | 0.0100 | pay 0.0050% / 4h | 1h 40m | — | $1.7M | — |
| Short | Bybit PLAYSOUTUSDT | 0.02809 | −0.0437 | pay 0.0219% / 4h | 1h 40m | $514K | $1.3M | 13x |
BingX PLAYSOUT-USDT
Bybit PLAYSOUTUSDTFunding 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
- −$112.87
- Price spread: −0.355% → −0.243%
- −$11.2
- Slippage, 4 orders
- −$416.11
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$561.18
- Costs to cover
- 4.371%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Bybit: live order book, 5 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, 7 min ago | 5.28 bp | 21.5 bp −$22 | 112.1 bp −$1,121 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 7.09 bp | 169.2 bp −$169 | doesn't fit | doesn't fit | doesn't fit |
PLAYSOUT on 2 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 PLAYSOUTUSDTshort | −0.0437% | 4h | 0.02809 | −0.355% | $514K | $1.3M | 13x | |
| BingX PLAYSOUT-USDTlong | +0.0100% | 4h | 0.02819 | long leg | — | $1.7M | — |