Funding you earn now, next payment 04:00 UTC−0.0184%/8h= −20.1% APRnext payment −$0.92 per $10,000 · paid last 24h +0.440%
Price spread now: Bybit against BingX−0.398%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$221as in the Funding arb table
Net, price: spread back to 7d avg − costs−$291as in the Price arb table
costs, in and out, $10k−$2602.602% of the position
Funding, last 7 days+0.390%+$39 on $10k
+Price spread, last 4 days (all we have)+0.475%+$48 · spread now −0.398%, 7d avg −0.090%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.308% cheaper against BingX than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.090%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.390%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TRUST-USDT | 0.06277 | 0.0284 | pay 0.0142% / 4h | 3h 43m | — | $6.5M | — |
| Short | Bybit TRUSTUSDT | 0.06252 | 0.0100 | get 0.0050% / 4h | 3h 43m | $523K | $331K | 25x |
BingX TRUST-USDT
Bybit TRUSTUSDTFunding 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
- −$38.64
- Price spread: −0.398% → −0.090%
- −$30.83
- Slippage, 4 orders
- −$239.21
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$329.68
- Costs to cover
- 2.602%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Bybit: live order book, 21 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, 2 min ago | 11.14 bp | 33.8 bp −$34 | 237.0 bp −$2,370 | 1127.3 bp −$112.7K | 1378.6 bp −$689.3K |
| Sell Bybit live order book, 21 min ago | 3.33 bp | 77.1 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
TRUST 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 TRUSTUSDTshort | +0.0100% | 4h | 0.06252 | −0.398% | $523K | $331K | 25x | |
| OKX TRUST-USDT-SWAP | +0.0100% | 4h | 0.06273 | −0.064% | $118K | $210K | 10x | as long as short |
| Gate TRUST_USDT | +0.0100% | 8h | 0.06292 | +0.239% | $514K | $27K | 10x | as long as short |
| KuCoin TRUSTUSDTM | +0.0100% | 4h | 0.06255 | −0.350% | $294K | $724K | 10x | as long as short |
| Bitget TRUSTUSDT | +0.0100% | 4h | 0.06267 | −0.159% | $676K | $66K | 10x | as long as short |
| BingX TRUST-USDTlong | +0.0284% | 4h | 0.06277 | long leg | — | $6.5M | — | |
| MEXC TRUST_USDT | +0.0286% | 4h | 0.06260 | −0.271% | $219K | $97K | 50x | as long as short |
| Binance TRUSTUSDT | +0.0287% | 4h | 0.06265 | −0.189% | $1.7M | $1.4M | 10x | as long as short |
| Aster TRUSTUSDT | +0.0384% | 4h | 0.06260 | −0.271% | $10K | $7K | 5x | as long as short |
| Variational Omni TRUST | +0.3391% | 4h | 0.06253 | −0.382% | $57K | $409 | — | as long as short |
OKX TRUST-USDT-SWAP
Gate TRUST_USDT
KuCoin TRUSTUSDTM
Bitget TRUSTUSDT
MEXC TRUST_USDT
Binance TRUSTUSDT
Aster TRUSTUSDT
Variational Omni TRUST