Funding you earn now, next payment 08:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.53 per $10,000 · paid last 24h −0.003%
Price spread now: BingX against Bybit−0.071%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$198as in the Price arb table
costs, in and out, $10k−$1911.911% 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 against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.069% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WAVESUSDT | 0.2825 | 0.0366 | pay 0.0366% / 8h | 2h 00m | $1.6M | $1.4M | 20x |
| Short | BingX WAVES-USDT | 0.2823 | 0.0313 | get 0.0313% / 8h | 2h 00m | — | $1.3M | — |
Bybit WAVESUSDT
BingX WAVES-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
- −$11.06
- Price spread: −0.071% → −0.002%
- −$6.92
- Slippage, 4 orders
- −$170.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$209.11
- Costs to cover
- 1.911%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; BingX: live order book, 15 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, 1 min ago | 7.08 bp | 45.3 bp −$45 | 180.6 bp −$1,806 | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 3.56 bp | 46.9 bp −$47 | 127.2 bp −$1,272 | 493.4 bp −$49.3K | 563.6 bp −$281.8K |
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 | 0.2825 | 0.000% | $362K | $35K | 20x | as long as short |
| BingX WAVES-USDTshort | +0.0313% | 8h | 0.2823 | −0.071% | — | $1.3M | — | |
| MEXC WAVES_USDT | +0.0359% | 8h | 0.2824 | −0.035% | $470K | $133K | 20x | as long as short |
| Bybit WAVESUSDTlong | +0.0366% | 8h | 0.2825 | long leg | $1.6M | $1.4M | 20x | |
| BloFin WAVES-USDT | +0.0385% | 8h | 0.2824 | −0.035% | $90K | $22K | 20x | as long as short |
| Variational Omni WAVES | +0.0419% | 8h | 0.2823 | −0.054% | $686 | $2K | — | as long as short |
KuCoin WAVESUSDTM
MEXC WAVES_USDT
BloFin WAVES-USDT
Variational Omni WAVES