Funding you earn now, next payment 04:00 UTC+0.0171%/8h= +18.7% APRnext payment +$0.85 per $10,000 · paid last 24h +0.246%
Price spread now: Bybit against BingX−0.012%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$328as in the Funding arb table
Net, price: spread back to 7d avg − costs−$352as in the Price arb table
costs, in and out, $10k−$3563.564% of the position
Funding, last 7 days+0.281%+$28 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.012%, 7d avg −0.057%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.045% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.057%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX THE-USDT | 0.08080 | 0.0070 | pay 0.0035% / 4h | 3h 46m | — | $6.5M | — |
| Short | Bybit THEUSDT | 0.08079 | 0.0241 | get 0.0120% / 4h | 3h 46m | $554K | $332K | 20x |
BingX THE-USDT
Bybit THEUSDTFunding 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
- $35.84
- Price spread: −0.012% → −0.057%
- $4.48
- Slippage, 4 orders
- −$335.42
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$316.1
- Costs to cover
- 3.564%
- Break-even
- 68.7 days
Slippage from BingX: live order book, 9 min ago; Bybit: live order book, 19 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 | 7.43 bp | 31.9 bp −$32 | 210.4 bp −$2,104 | 1063.7 bp −$106.4K | 1308.6 bp −$654.3K |
| Sell Bybit live order book, 19 min ago | 3.72 bp | 160.4 bp −$160 | doesn't fit | doesn't fit | doesn't fit |
THE 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX THE-USDTlong | +0.0070% | 4h | 0.08080 | long leg | — | $6.5M | — | |
| Gate THE_USDT | +0.0100% | 4h | 0.08090 | +0.124% | $67K | $67K | 10x | as long as short |
| Bitget THEUSDT | +0.0100% | 4h | 0.08082 | +0.025% | $402K | $317K | 10x | as long as short |
| Bybit THEUSDTshort | +0.0241% | 4h | 0.08079 | −0.012% | $554K | $332K | 20x | |
| Aster THEUSDT | +0.0264% | 4h | 0.08079 | −0.015% | $5K | $7K | 5x | as long as short |
| KuCoin THEUSDTM | +0.0270% | 4h | 0.08087 | +0.087% | $129K | $75K | 10x | as long as short |
| MEXC THE_USDT | +0.0396% | 4h | 0.08084 | +0.050% | $185K | $134K | 50x | as long as short |
| Binance THEUSDT | +0.0396% | 4h | 0.08083 | +0.041% | $2.0M | $3.7M | 10x | as long as short |
| BloFin THE-USDT | +0.0425% | 4h | 0.08079 | −0.012% | $131K | $4K | 50x | as long as short |
Gate THE_USDT
Bitget THEUSDT
Aster THEUSDT
KuCoin THEUSDTM
MEXC THE_USDT
Binance THEUSDT
BloFin THE-USDT