TRUTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −11.0% APRnext payment −$0.50 per $10,000 · paid last 24h −0.061%

Price spread now: Bybit against BingX+0.052%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$669as in the Funding arb table

Net, price: spread back to 7d avg − costs−$674as in the Price arb table

costs, in and out, $10k−$6706.701% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days+0.048%+$5 · spread now +0.052%, 7d avg +0.086%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.035% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.086%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TRUTH-USDT	0.01357	0.0448	pay 0.0224% / 4h	1h 02m	—	$6.5M	—
Short	Bybit TRUTHUSDT	0.01358	0.0348	get 0.0174% / 4h	1h 02m	$1.3M	$454K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$21.05
Price spread: +0.052% → +0.086%: −$3.45
Slippage, 4 orders: −$649.12
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$694.62
Costs to cover: 6.701%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; Bybit: live order book, 9 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, 13 min ago	5.53 bp	44.0 bp −$44	186.8 bp −$1,868	doesn't fit	doesn't fit
Sell Bybit live order book, 9 min ago	5.89 bp	241.7 bp −$242	doesn't fit	doesn't fit	doesn't fit

TRUTH 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
Gate TRUTH_USDT	+0.0100%	4h	0.01354	−0.228%	$424K	$63K	20x	as long as short
KuCoin TRUTHUSDTM	+0.0100%	4h	0.01354	−0.236%	$1.1M	$50K	10x	as long as short
Aster TRUTHUSDT	+0.0247%	4h	0.01356	−0.100%	$36K	$7K	5x	as long as short
Extended TRUTH-USD	+0.0280%	1h	0.01356	−0.094%	$3K	$180K	5x	as long as short
Binance TRUTHUSDT	+0.0284%	4h	0.01355	−0.133%	$4.3M	$1.6M	20x	as long as short
MEXC TRUTH_USDT	+0.0292%	4h	0.01355	−0.111%	$11.8M	$134K	20x	as long as short
BloFin TRUTH-USDT	+0.0305%	4h	0.01357	−0.022%	$196K	$13K	50x	as long as short
Bybit TRUTHUSDTshort	+0.0348%	4h	0.01358	+0.052%	$1.3M	$454K	20x
BingX TRUTH-USDTlong	+0.0448%	4h	0.01357	long leg	—	$6.5M	—
OKX TRUTH-USDT-SWAP	+0.0460%	4h	0.01357	+0.022%	$185K	$283K	10x	as long as short