Funding you earn now, next payment 04:00 UTC+0.0756%/8h= +82.8% APRnext payment +$3.78 per $10,000 · paid last 24h +0.066%
Price spread now: BingX against Bybit−0.055%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$238as in the Funding arb table
Net, price: spread back to 7d avg − costs−$254as in the Price arb table
costs, in and out, $10k−$2462.458% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.055%, 7d avg +0.030%
=Funding pays, the price is against you. BingX is 0.086% cheaper against Bybit than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.030%). If the spread goes back, that is −$9 on $10k: about 9 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.076% in total) that is about 7.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.78 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 PTBUSDT | 0.001266 | 0.0100 | pay 0.0050% / 4h | 3h 18m | $2.0M | $27.5M | 25x |
| Short | BingX PTB-USDT | 0.001265 | 0.0856 | get 0.0428% / 4h | 3h 18m | — | $2.5M | — |
Bybit PTBUSDT
BingX PTB-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
- $158.76
- Price spread: −0.055% → +0.030%
- −$8.56
- Slippage, 4 orders
- −$224.81
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$95.61
- Costs to cover
- 2.458%
- Break-even
- 11.2 days
Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 1 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, 5 min ago | 5.20 bp | 108.6 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 3.94 bp | 29.0 bp −$29 | 122.8 bp −$1,228 | 889.0 bp −$88.9K | doesn't fit |
PTB 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PTBUSDTlong | +0.0100% | 4h | 0.001266 | long leg | $2.0M | $27.5M | 25x | |
| Variational Omni PTB | +0.0100% | 4h | 0.001271 | +0.414% | $38K | $72K | — | as long as short |
| Aster PTBUSDT | +0.0806% | 4h | 0.001268 | +0.225% | $83K | $1.0M | 5x | as long as short |
| BingX PTB-USDTshort | +0.0856% | 4h | 0.001265 | −0.055% | — | $2.5M | — | |
| Extended kPTB-USD | +0.0896% | 1h | 0.001266 | +0.064% | $4K | $45K | 5x | as long as short |
| MEXC PTB_USDT | +0.0898% | 4h | 0.001268 | +0.205% | $461K | $1.2M | 20x | as long as short |
| BloFin PTB-USDT | +0.0909% | 4h | 0.001269 | +0.261% | $551K | $1.0M | 20x | as long as short |
| Binance PTBUSDT | +0.0910% | 4h | 0.001266 | +0.032% | $9.6M | $184.4M | 20x | as long as short |
| KuCoin PTBUSDTM | +0.1002% | 4h | 0.001266 | +0.055% | $2.0M | $8.5M | 20x | as long as short |
| Gate PTB_USDT | +0.2482% | 4h | 0.001265 | −0.079% | $2.1M | $7.6M | 25x | as long as short |
Variational Omni PTB
Aster PTBUSDT
Extended kPTB-USD
MEXC PTB_USDT
BloFin PTB-USDT
Binance PTBUSDT
KuCoin PTBUSDTM
Gate PTB_USDT