Funding you earn now, next payment 00:00 UTC+0.0878%/8h= +96.2% APRnext payment +$4.39 per $10,000 · paid last 24h +0.290%
Price spread now: BingX against Bybit+0.425%7-day average +0.243% · you sell dearer than you buy
Net, funding: paid 7d − costs−$549as in the Funding arb table
Net, price: spread back to 7d avg − costs−$567as in the Price arb table
costs, in and out, $10k−$5855.848% of the position
Funding, last 7 days+0.355%+$35 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.425%, 7d avg +0.243%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and BingX is 0.182% dearer against Bybit than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.243%.
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 +$4.39 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 PLAYSOUTUSDT | 0.02823 | −0.0778 | get 0.0389% / 4h | 2h 34m | $509K | $1.3M | 13x |
| Short | BingX PLAYSOUT-USDT | 0.02835 | 0.0100 | get 0.0050% / 4h | 2h 34m | — | $1.7M | — |
Bybit PLAYSOUTUSDT
BingX PLAYSOUT-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
- $184.42
- Price spread: +0.425% → +0.243%
- $18.2
- Slippage, 4 orders
- −$563.76
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$382.15
- Costs to cover
- 5.848%
- Break-even
- 21.5 days
Slippage from Bybit: live order book, 1 min ago; BingX: live order book, 3 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, 1 min ago | 12.42 bp | 286.6 bp −$287 | 917.8 bp −$9,178 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 5.32 bp | 22.3 bp −$22 | 126.5 bp −$1,265 | 923.3 bp −$92.3K | 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 PLAYSOUTUSDTlong | −0.0778% | 4h | 0.02823 | long leg | $509K | $1.3M | 13x | |
| BingX PLAYSOUT-USDTshort | +0.0100% | 4h | 0.02835 | +0.425% | — | $1.7M | — |