Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BingX−0.186%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$345as in the Funding arb table
Net, price: spread back to 7d avg − costs−$358as in the Price arb table
costs, in and out, $10k−$3463.459% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.186%, 7d avg −0.065%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.121% cheaper against BingX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.065%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX VELODROME-USDT | 0.03005 | 0.0110 | pay 0.0055% / 4h | 1h 37m | — | $1.3M | — |
| Short | Bybit VELODROMEUSDT | 0.02999 | 0.0100 | get 0.0050% / 4h | 1h 37m | $808K | $333K | 20x |
BingX VELODROME-USDT
Bybit VELODROMEUSDTFunding 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
- −$2.1
- Price spread: −0.186% → −0.065%
- −$12.14
- Slippage, 4 orders
- −$324.92
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$360.16
- Costs to cover
- 3.459%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Bybit: 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 BingX live order book, 8 min ago | 9.99 bp | 28.7 bp −$29 | 121.0 bp −$1,210 | 650.6 bp −$65.1K | 880.8 bp −$440.4K |
| Sell Bybit live order book, 3 min ago | 8.67 bp | 139.1 bp −$139 | doesn't fit | doesn't fit | doesn't fit |
VELODROME on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance VELODROMEUSDT | +0.0100% | 4h | 0.03005 | 0.000% | $7.7M | $1.5M | 50x | as long as short |
| Bybit VELODROMEUSDTshort | +0.0100% | 4h | 0.02999 | −0.186% | $808K | $333K | 20x | |
| MEXC VELODROME_USDT | +0.0100% | 4h | 0.03006 | +0.033% | $242K | $90K | 50x | as long as short |
| Variational Omni VELODROME | +0.0100% | 4h | 0.03001 | −0.129% | $79K | $3K | — | as long as short |
| BingX VELODROME-USDTlong | +0.0110% | 4h | 0.03005 | long leg | — | $1.3M | — | |
| Bitget VELODROMEUSDT | +0.0124% | 4h | 0.03009 | +0.126% | $534K | $26K | 20x | as long as short |
| Gate VELODROME_USDT | +0.0140% | 4h | 0.03006 | +0.033% | $126K | $7K | 20x | as long as short |
Binance VELODROMEUSDT
MEXC VELODROME_USDT
Variational Omni VELODROME
Bitget VELODROMEUSDT
Gate VELODROME_USDT