Funding you earn now, next payment 04:00 UTC−0.0597%/8h= −65.4% APRnext payment −$2.99 per $10,000 · paid last 24h −0.129%
Price spread now: Bybit against BingX+0.031%7-day average +0.192% · you sell dearer than you buy
Net, funding: paid 7d − costs−$364as in the Funding arb table
Net, price: spread back to 7d avg − costs−$351as in the Price arb table
costs, in and out, $10k−$3353.352% of the position
Funding, last 7 days−0.283%−$28 on $10k
+Price spread, last 7 days+0.066%+$7 · spread now +0.031%, 7d avg +0.192%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Bybit is 0.161% cheaper against BingX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.192%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.283% in total (about -14.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX US-USDT | 0.01627 | 0.0697 | pay 0.0349% / 4h | 2h 56m | — | $1.3M | — |
| Short | Bybit USUSDT | 0.01627 | 0.0100 | get 0.0050% / 4h | 2h 56m | $3.2M | $888K | 20x |
BingX US-USDT
Bybit USUSDTFunding 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
- −$125.41
- Price spread: +0.031% → +0.192%
- −$16.15
- Slippage, 4 orders
- −$314.25
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$476.8
- Costs to cover
- 3.352%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Bybit: live order book, 5 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, 3 min ago | 7.99 bp | 47.2 bp −$47 | 228.3 bp −$2,283 | 1320.5 bp −$132.1K | doesn't fit |
| Sell Bybit live order book, 5 min ago | 6.13 bp | 111.1 bp −$111 | doesn't fit | doesn't fit | doesn't fit |
US on 11 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 USUSDTshort | +0.0100% | 4h | 0.01627 | +0.031% | $3.2M | $888K | 20x | |
| Gate US_USDT | +0.0100% | 4h | 0.01624 | −0.178% | $2.0M | $568K | 20x | as long as short |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01627 | +0.012% | $4.1M | $276K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01628 | +0.105% | $16K | $3K | — | as long as short |
| Bitget USUSDT | +0.0290% | 4h | 0.01629 | +0.123% | $4.3M | $249K | 10x | as long as short |
| Aster USUSDT | +0.0583% | 4h | 0.01629 | +0.126% | $12K | $53K | 5x | as long as short |
| BloFin US-USDT | +0.0633% | 4h | 0.01627 | +0.012% | $477K | $48K | 10x | as long as short |
| Extended US-USD | +0.0656% | 1h | 0.01626 | −0.028% | $2K | $100K | 5x | as long as short |
| Binance USUSDT | +0.0659% | 4h | 0.01626 | −0.031% | $9.1M | $3.1M | 10x | as long as short |
| MEXC US_USDT | +0.0674% | 4h | 0.01626 | −0.043% | $5.5M | $112K | 100x | as long as short |
Gate US_USDT
KuCoin USUSDTM
Variational Omni US
Bitget USUSDT
Aster USUSDT
BloFin US-USDT
Extended US-USD
Binance USUSDT
MEXC US_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX US-USDTlong | +0.0697% | 4h | 0.01627 | long leg | — | $1.3M | — |