Funding you earn now, next payment 04:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h +0.093%
Price spread now: Bybit against BingX+0.087%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$250as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1931.926% of the position
Funding, last 7 days−0.572%−$57 on $10k
+Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.087%, 7d avg +0.027%
=The price spread pays, funding is against you. Bybit is 0.060% dearer against BingX than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of +0.027%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.572% in total) that is about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SKL-USDT | 0.004608 | 0.0100 | pay 0.0050% / 4h | 3h 17m | — | $2.3M | — |
| Short | Bybit SKLUSDT | 0.004612 | −0.0023 | pay 0.0023% / 8h | 7h 17m | $892K | $1.0M | 25x |
BingX SKL-USDT
Bybit SKLUSDTFunding 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
- −$25.82
- Price spread: +0.087% → +0.027%
- $6.02
- Slippage, 4 orders
- −$171.55
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$212.35
- Costs to cover
- 1.926%
- Break-even
- never at this rate
Slippage from BingX: live order book, 16 min ago; Bybit: live order book, 2 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, 16 min ago | 7.61 bp | 31.7 bp −$32 | 63.0 bp −$630 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.16 bp | 65.6 bp −$66 | 274.9 bp −$2,749 | doesn't fit | doesn't fit |
SKL 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 SKLUSDTshort | −0.0023% | 8h | 0.004612 | +0.087% | $892K | $1.0M | 25x | |
| BloFin SKL-USDT | +0.0068% | 4h | 0.004622 | +0.304% | $183K | $44K | 50x | as long as short |
| Bitget SKLUSDT | +0.0070% | 4h | 0.004607 | −0.022% | $500K | $1.0M | 25x | as long as short |
| Binance SKLUSDT | +0.0100% | 4h | 0.004609 | +0.022% | $2.8M | $9.3M | 50x | as long as short |
| Gate SKL_USDT | +0.0100% | 4h | 0.004610 | +0.043% | $199K | $243K | 50x | as long as short |
| MEXC SKL_USDT | +0.0100% | 4h | 0.004609 | +0.022% | $394K | $209K | 20x | as long as short |
| KuCoin SKLUSDTM | +0.0100% | 4h | 0.004612 | +0.087% | $836K | $364K | 30x | as long as short |
| BingX SKL-USDTlong | +0.0100% | 4h | 0.004608 | long leg | — | $2.3M | — | |
| Variational Omni SKL | +0.0100% | 8h | 0.004637 | +0.624% | $712 | $1K | — | as long as short |
| Kraken Futures PF_SKLUSD | +0.0400% | 1h | 0.004615 | +0.146% | $5K | $5K | 10x | as long as short |
BloFin SKL-USDT
Bitget SKLUSDT
Binance SKLUSDT
Gate SKL_USDT
MEXC SKL_USDT
KuCoin SKLUSDTM
Variational Omni SKL
Kraken Futures PF_SKLUSD