Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.246%
Price spread now: BingX against Bybit+0.219%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$448as in the Funding arb table
Net, price: spread back to 7d avg − costs−$404as in the Price arb table
costs, in and out, $10k−$4204.203% of the position
Funding, last 7 days−0.281%−$28 on $10k
+Price spread, last 4 days (all we have)−0.191%−$19 · spread now +0.219%, 7d avg +0.060%
=The price spread pays, funding is against you. BingX is 0.160% dearer against Bybit than usual: you sell high and buy low (spread +0.219% now, against its 7-day average of +0.060%): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.281% in total) that is about 4.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit THEUSDT | 0.08205 | 0.1374 | pay 0.0687% / 4h | 2h 07m | $560K | $418K | 20x |
| Short | BingX THE-USDT | 0.08223 | 0.1324 | get 0.0662% / 4h | 2h 07m | — | $6.5M | — |
Bybit THEUSDT
BingX THE-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
- −$10.47
- Price spread: +0.219% → +0.060%
- $15.98
- Slippage, 4 orders
- −$399.26
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$414.75
- Costs to cover
- 4.203%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 53 min ago; BingX: live order book, 13 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, 53 min ago | 5.65 bp | 162.9 bp −$163 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 7.90 bp | 44.4 bp −$44 | 217.4 bp −$2,174 | 939.9 bp −$94.0K | 1252.8 bp −$626.4K |
THE on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget THEUSDT | +0.0100% | 4h | 0.08212 | +0.085% | $412K | $354K | 10x | as long as short |
| Gate THE_USDT | +0.0130% | 4h | 0.08240 | +0.427% | $67K | $76K | 10x | as long as short |
| KuCoin THEUSDTM | +0.0430% | 4h | 0.08217 | +0.146% | $123K | $103K | 10x | as long as short |
| Aster THEUSDT | +0.0453% | 4h | 0.08241 | +0.442% | $4K | $9K | 5x | as long as short |
| MEXC THE_USDT | +0.0492% | 4h | 0.08218 | +0.158% | $184K | $141K | 50x | as long as short |
| Binance THEUSDT | +0.0495% | 4h | 0.08220 | +0.183% | $2.2M | $4.5M | 10x | as long as short |
| BingX THE-USDTshort | +0.1324% | 4h | 0.08223 | +0.219% | — | $6.5M | — | |
| Bybit THEUSDTlong | +0.1374% | 4h | 0.08205 | long leg | $560K | $418K | 20x |
Bitget THEUSDT
Gate THE_USDT
KuCoin THEUSDTM
Aster THEUSDT
MEXC THE_USDT
Binance THEUSDT