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: BingX against Bybit+0.237%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$346as in the Funding arb table
Net, price: spread back to 7d avg − costs−$329as in the Price arb table
costs, in and out, $10k−$3463.457% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)−0.204%−$20 · spread now +0.237%, 7d avg +0.065%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BingX is 0.172% dearer against Bybit than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.065%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit VELODROMEUSDT | 0.02999 | 0.0100 | pay 0.0050% / 4h | 1h 34m | $808K | $333K | 20x |
| Short | BingX VELODROME-USDT | 0.03006 | 0.0110 | get 0.0055% / 4h | 1h 34m | — | $1.3M | — |
Bybit VELODROMEUSDT
BingX VELODROME-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
- $2.1
- Price spread: +0.237% → +0.065%
- $17.18
- Slippage, 4 orders
- −$324.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$326.47
- Costs to cover
- 3.457%
- Break-even
- 1095.2 days
Slippage from Bybit: live order book, 6 min ago; BingX: live order book, 1 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, 6 min ago | 8.67 bp | 145.5 bp −$146 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 9.99 bp | 32.6 bp −$33 | 130.7 bp −$1,307 | 679.1 bp −$67.9K | 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 | 0.03006 | +0.237% | $7.7M | $1.5M | 50x | as long as short |
| Bybit VELODROMEUSDTlong | +0.0100% | 4h | 0.02999 | long leg | $808K | $333K | 20x | |
| MEXC VELODROME_USDT | +0.0100% | 4h | 0.03005 | +0.203% | $242K | $90K | 50x | as long as short |
| Variational Omni VELODROME | +0.0100% | 4h | 0.02997 | −0.063% | $79K | $3K | — | as long as short |
| BingX VELODROME-USDTshort | +0.0110% | 4h | 0.03006 | +0.237% | — | $1.3M | — | |
| Gate VELODROME_USDT | +0.0134% | 4h | 0.03005 | +0.203% | $126K | $7K | 20x | as long as short |
| Bitget VELODROMEUSDT | +0.0134% | 4h | 0.03008 | +0.307% | $534K | $26K | 20x | as long as short |
Binance VELODROMEUSDT
MEXC VELODROME_USDT
Variational Omni VELODROME
Gate VELODROME_USDT
Bitget VELODROMEUSDT