Funding you earn now, next payment 04:00 UTC−0.2012%/8h= −220.4% APRnext payment −$10.06 per $10,000 · paid last 24h −0.227%
Price spread now: Bybit against BingX+0.052%7-day average +0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$793as in the Funding arb table
Net, price: spread back to 7d avg − costs−$686as in the Price arb table
costs, in and out, $10k−$6766.765% of the position
Funding, last 7 days−1.162%−$116 on $10k
+Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.052%, 7d avg +0.143%
=Both sides work against this trade now: funding costs −$60 a day on $10k at the current rate, and Bybit is 0.091% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.143%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.162% in total (about -60.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.06 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 SPORTFUN-USDT | 0.01939 | 0.2112 | pay 0.1056% / 4h | 2h 28m | — | $1.6M | — |
| Short | Bybit SPORTFUNUSDT | 0.01940 | 0.0100 | get 0.0050% / 4h | 2h 28m | $397K | $43K | 20x |
BingX SPORTFUN-USDT
Bybit SPORTFUNUSDTFunding 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
- −$422.6
- Price spread: +0.052% → +0.143%
- −$9.15
- Slippage, 4 orders
- −$655.46
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,108.21
- Costs to cover
- 6.765%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Bybit: live order book, 32 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, 9 min ago | 7.77 bp | 70.6 bp −$71 | 530.4 bp −$5,304 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 32 min ago | 7.72 bp | 224.1 bp −$224 | doesn't fit | doesn't fit | doesn't fit |
SPORTFUN on 5 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 SPORTFUNUSDTshort | +0.0100% | 4h | 0.01940 | +0.052% | $397K | $43K | 20x | |
| KuCoin SPORTFUNUSDTM | +0.1474% | 4h | 0.01947 | +0.413% | $222K | $4K | 20x | as long as short |
| BingX SPORTFUN-USDTlong | +0.2112% | 4h | 0.01939 | long leg | — | $1.6M | — | |
| MEXC SPORTFUN_USDT | +0.2218% | 4h | 0.01936 | −0.155% | $307K | $120K | 20x | as long as short |
| Binance SPORTFUNUSDT | +0.2218% | 4h | 0.01936 | −0.140% | $2.1M | $651K | 10x | as long as short |
KuCoin SPORTFUNUSDTM
MEXC SPORTFUN_USDT
Binance SPORTFUNUSDT