Funding you earn now, next payment 04:00 UTC−0.0459%/8h= −50.2% APRnext payment −$2.29 per $10,000 · paid last 24h −0.030%
Price spread now: Bybit against BingX+0.083%7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$282as in the Funding arb table
Net, price: spread back to 7d avg − costs−$244as in the Price arb table
costs, in and out, $10k−$2592.591% of the position
Funding, last 7 days−0.231%−$23 on $10k
+Price spread, last 7 days−0.185%−$19 · spread now +0.083%, 7d avg −0.065%
=The price spread pays, funding is against you. Bybit is 0.148% dearer against BingX than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of −0.065%): +$15 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.231% in total) that is about 4.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.231% in total (about -12.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.29 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 Q-USDT | 0.02525 | 0.0884 | pay 0.0442% / 4h | 2h 09m | — | $1.3M | — |
| Short | Bybit QUSDT | 0.02527 | 0.0425 | get 0.0213% / 4h | 2h 09m | $1.5M | $352K | 13x |
BingX Q-USDT
Bybit QUSDTFunding 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
- −$96.31
- Price spread: +0.083% → −0.065%
- $14.85
- Slippage, 4 orders
- −$238.09
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$340.55
- Costs to cover
- 2.591%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Bybit: 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 BingX live order book, 4 min ago | 40.17 bp | 62.5 bp −$63 | 221.9 bp −$2,219 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.95 bp | 68.0 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
Q 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 Q_USDT | +0.0100% | 4h | 0.02526 | +0.032% | $1.2M | $292K | 10x | as long as short |
| KuCoin QUSDTM | +0.0100% | 4h | 0.02523 | −0.107% | $668K | $19K | 20x | as long as short |
| Bitget QUSDT | +0.0100% | 4h | 0.02525 | −0.020% | $2.2M | $123K | 20x | as long as short |
| Bybit QUSDTshort | +0.0425% | 4h | 0.02527 | +0.083% | $1.5M | $352K | 13x | |
| Variational Omni Q | +0.0463% | 4h | 0.02529 | +0.133% | $610 | $2K | — | as long as short |
| Aster QUSDT | +0.0834% | 4h | 0.02526 | +0.026% | $58K | $52K | 5x | as long as short |
| BingX Q-USDTlong | +0.0884% | 4h | 0.02525 | long leg | — | $1.3M | — | |
| Binance QUSDT | +0.0925% | 4h | 0.02528 | +0.095% | $7.0M | $1.4M | 20x | as long as short |
| Extended Q-USD | +0.0928% | 1h | 0.02527 | +0.070% | $8K | $164K | 5x | as long as short |
| MEXC Q_USDT | +0.0928% | 4h | 0.02527 | +0.091% | $122K | $88K | 50x | as long as short |
Gate Q_USDT
KuCoin QUSDTM
Bitget QUSDT
Variational Omni Q
Aster QUSDT
Binance QUSDT
Extended Q-USD
MEXC Q_USDT