Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.1% APRnext payment +$0.46 per $10,000 · paid last 24h +0.003%
Price spread now: Bybit against BingX+0.071%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1981.981% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 7 days−0.117%−$12 · spread now +0.071%, 7d avg +0.002%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.069% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX WAVES-USDT | 0.2823 | 0.0313 | pay 0.0313% / 8h | 2h 01m | — | $1.3M | — |
| Short | Bybit WAVESUSDT | 0.2825 | 0.0359 | get 0.0359% / 8h | 2h 01m | $1.6M | $1.4M | 20x |
BingX WAVES-USDT
Bybit WAVESUSDTFunding 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
- $9.74
- Price spread: +0.071% → +0.002%
- $6.92
- Slippage, 4 orders
- −$177.08
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$181.42
- Costs to cover
- 1.981%
- Break-even
- 137.4 days
Slippage from BingX: live order book, 15 min ago; Bybit: live order book, 5 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, 15 min ago | 3.56 bp | 48.9 bp −$49 | 132.3 bp −$1,323 | 491.6 bp −$49.2K | 582.0 bp −$291.0K |
| Sell Bybit live order book, 5 min ago | 5.31 bp | 54.7 bp −$55 | 205.4 bp −$2,054 | doesn't fit | doesn't fit |
WAVES on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin WAVESUSDTM | +0.0100% | 8h | 0.2827 | +0.142% | $363K | $35K | 20x | as long as short |
| BingX WAVES-USDTlong | +0.0313% | 8h | 0.2823 | long leg | — | $1.3M | — | |
| MEXC WAVES_USDT | +0.0347% | 8h | 0.2823 | 0.000% | $470K | $133K | 20x | as long as short |
| Bybit WAVESUSDTshort | +0.0359% | 8h | 0.2825 | +0.071% | $1.6M | $1.4M | 20x | |
| Variational Omni WAVES | +0.0380% | 8h | 0.2823 | 0.000% | $685 | $2K | — | as long as short |
| BloFin WAVES-USDT | +0.0385% | 8h | 0.2824 | +0.035% | $90K | $22K | 20x | as long as short |
KuCoin WAVESUSDTM
MEXC WAVES_USDT
Variational Omni WAVES
BloFin WAVES-USDT