Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit−0.043%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1241.238% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.103%−$10 · spread now −0.043%, 7d avg −0.084%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.041% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.084%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USUALUSDT | 0.01384 | 0.0100 | pay 0.0050% / 4h | 2h 07m | $1.0M | $748K | 25x |
| Short | BingX USUAL-USDT | 0.01383 | 0.0100 | get 0.0050% / 4h | 2h 07m | — | $1.2M | — |
Bybit USUALUSDT
BingX USUAL-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
- $0
- Price spread: −0.043% → −0.084%
- $4.08
- Slippage, 4 orders
- −$102.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$119.77
- Costs to cover
- 1.238%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 3 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, 3 min ago | 4.71 bp | 38.1 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 3.98 bp | 21.3 bp −$21 | 102.6 bp −$1,026 | 551.6 bp −$55.2K | 834.9 bp −$417.5K |
USUAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4129% | 1h | 0.01365 | −1.366% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0646% | 1h | 0.01382 | −0.143% | $112K | $18K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01383 | −0.065% | $396K | $180K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01383 | −0.081% | $2.2M | $3.3M | 50x | as long as short |
| Bybit USUALUSDTlong | +0.0100% | 4h | 0.01384 | long leg | $1.0M | $748K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01384 | +0.007% | $935K | $180K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01383 | −0.094% | $6.0M | $242K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01384 | +0.007% | $273K | $56K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01384 | +0.007% | $829K | $372K | 50x | as long as short |
| BingX USUAL-USDTshort | +0.0100% | 4h | 0.01383 | −0.043% | — | $1.2M | — |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Binance USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01381 | −0.234% | $10K | $208 | — | as long as short |
Variational Omni USUAL