Funding you earn now, next payment 04:00 UTC−0.0110%/8h= −12.1% APRnext payment −$0.55 per $10,000 · paid last 24h +0.004%
Price spread now: BingX against Bybit−0.143%7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1511.506% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.143%, 7d avg −0.102%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BingX is 0.041% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.102%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit STOUSDT | 0.04193 | 0.0362 | pay 0.0181% / 4h | 28m 07s | $718K | $269K | 13x |
| Short | BingX STO-USDT | 0.04187 | 0.0252 | get 0.0126% / 4h | 28m 07s | — | $6.5M | — |
Bybit STOUSDT
BingX STO-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
- −$23.19
- Price spread: −0.143% → −0.102%
- −$4.1
- Slippage, 4 orders
- −$129.62
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$177.92
- Costs to cover
- 1.506%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 27 min ago; BingX: live order book, 7 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, 27 min ago | 5.97 bp | 45.1 bp −$45 | 180.8 bp −$1,808 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 5.99 bp | 34.8 bp −$35 | 94.2 bp −$942 | 965.0 bp −$96.5K | doesn't fit |
STO on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster STOUSDT | +0.0100% | 4h | 0.04184 | −0.221% | $26K | $1K | 5x | as long as short |
| Binance STOUSDT | +0.0100% | 4h | 0.04187 | −0.139% | $3.4M | $1.4M | 20x | as long as short |
| Gate STO_USDT | +0.0100% | 4h | 0.04188 | −0.119% | $252K | $116K | 25x | as long as short |
| MEXC STO_USDT | +0.0100% | 4h | 0.04189 | −0.095% | $777K | $102K | 50x | as long as short |
| Bitget STOUSDT | +0.0100% | 4h | 0.04189 | −0.095% | $322K | $27K | 10x | as long as short |
| BingX STO-USDTshort | +0.0252% | 4h | 0.04187 | −0.143% | — | $6.5M | — | |
| Bybit STOUSDTlong | +0.0362% | 4h | 0.04193 | long leg | $718K | $269K | 13x | |
| Variational Omni STO | +0.0416% | 4h | 0.04198 | +0.126% | $4K | $213 | — | as long as short |
| KuCoin STOUSDTM | +0.0846% | 4h | 0.04198 | +0.119% | $997K | $17K | 25x | as long as short |
Aster STOUSDT
Binance STOUSDT
Gate STO_USDT
MEXC STO_USDT
Bitget STOUSDT
Variational Omni STO
KuCoin STOUSDTM