Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BingX−0.059%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1141.138% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now −0.059%, 7d avg −0.050%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX W-USDT | 0.01189 | 0.0100 | pay 0.0050% / 4h | 3h 05m | — | $6.6M | — |
| Short | Bybit WUSDT | 0.01189 | 0.0100 | get 0.0050% / 4h | 3h 05m | $4.2M | $1.5M | 50x |
BingX W-USDT
Bybit WUSDTFunding 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
- $0
- Price spread: −0.059% → −0.050%
- −$0.88
- Slippage, 4 orders
- −$92.78
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$114.66
- Costs to cover
- 1.138%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Bybit: live order book, 2 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, 7 min ago | 5.05 bp | 21.2 bp −$21 | 64.3 bp −$643 | 702.1 bp −$70.2K | 1185.5 bp −$592.8K |
| Sell Bybit live order book, 2 min ago | 4.63 bp | 29.7 bp −$30 | 126.0 bp −$1,260 | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | 0.0000% | 1h | 0.01192 | +0.202% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.648% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01191 | +0.135% | $2.0M | $265K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01191 | +0.157% | $3.0M | $4.9M | 50x | as long as short |
| Bybit WUSDTshort | +0.0100% | 4h | 0.01189 | −0.059% | $4.2M | $1.5M | 50x | |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01189 | −0.017% | $1.3M | $1.4M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01187 | −0.193% | $433K | $217K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01191 | +0.143% | $12.4M | $1.3M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01189 | −0.034% | $390K | $188K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01192 | +0.219% | $1.3M | $551K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDTlong | +0.0100% | 4h | 0.01189 | long leg | — | $6.6M | — | |
| Variational Omni W | +0.0100% | 4h | 0.01187 | −0.193% | $72K | $24K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01190 | +0.031% | $127K | $374K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01191 | +0.145% | $64K | $385K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0384% | 1h | 0.01193 | +0.269% | $13K | $12K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0887% | 1h | 0.01193 | +0.302% | $149K | $47K | 20x | as long as short |
| Backpack W_USDC_PERP | +0.0955% | 1h | 0.01192 | +0.252% | $45K | $49K | 15x | as long as short |
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD
Backpack W_USDC_PERP