Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit+0.009%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1101.104% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 7 days+0.080%+$8 · spread now +0.009%, 7d avg +0.050%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.041% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.050%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WUSDT | 0.01173 | 0.0100 | pay 0.0050% / 4h | 2h 39m | $4.1M | $2.1M | 50x |
| Short | BingX W-USDT | 0.01173 | 0.0100 | get 0.0050% / 4h | 2h 39m | — | $6.9M | — |
Bybit WUSDT
BingX W-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: +0.009% → +0.050%
- −$4.13
- Slippage, 4 orders
- −$89.39
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$114.52
- Costs to cover
- 1.104%
- 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 | 1.71 bp | 30.4 bp −$30 | 186.5 bp −$1,865 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 2.98 bp | 26.1 bp −$26 | 57.0 bp −$570 | 566.8 bp −$56.7K | 1100.4 bp −$550.2K |
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 | −0.1450% | 1h | 0.01174 | +0.102% | $17K | $1K | 10x | as long as short |
| OKX W-USDT-SWAP | +0.0006% | 4h | 0.01173 | −0.017% | $1.3M | $2.2M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +3.060% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01175 | +0.162% | $2.0M | $460K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01174 | +0.082% | $2.9M | $7.7M | 50x | as long as short |
| Bybit WUSDTlong | +0.0100% | 4h | 0.01173 | long leg | $4.1M | $2.1M | 50x | |
| Gate W_USDT | +0.0100% | 4h | 0.01180 | +0.588% | $446K | $301K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01174 | +0.077% | $12.8M | $1.7M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01172 | −0.094% | $421K | $219K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01174 | +0.077% | $1.3M | $560K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
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-USDTshort | +0.0100% | 4h | 0.01173 | +0.009% | — | $6.9M | — | |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01176 | +0.264% | $44K | $47K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01172 | −0.127% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01173 | −0.009% | $123K | $409K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01174 | +0.069% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0296% | 1h | 0.01179 | +0.469% | $14K | $18K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0619% | 1h | 0.01177 | +0.306% | $146K | $186K | 20x | as long as short |
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD