Funding you earn now, next payment 08:00 UTC+0.0550%/8h= +60.2% APRnext payment +$2.75 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit−0.018%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$291as in the Price arb table
costs, in and out, $10k−$2942.944% of the position
Funding, last 6 days (all we have)+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)−0.118%−$12 · spread now −0.018%, 7d avg −0.057%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and BingX is 0.038% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.057%.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.010% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.75 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WAXPUSDT | 0.005538 | 0.0100 | pay 0.0050% / 4h | 3h 58m | $507K | $142K | 25x |
| Short | BingX WAXP-USDT | 0.005537 | 0.0650 | get 0.0325% / 4h | 3h 58m | — | $2.3M | — |
Bybit WAXPUSDT
BingX WAXP-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
- $115.5
- Price spread: −0.018% → −0.057%
- $3.85
- Slippage, 4 orders
- −$273.41
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$175.06
- Costs to cover
- 2.944%
- Break-even
- 17.6 days
Slippage from Bybit: live order book, 52 min ago; BingX: live order book, 10 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, 52 min ago | 5.42 bp | 93.4 bp −$93 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 3.61 bp | 32.6 bp −$33 | 157.0 bp −$1,570 | 497.8 bp −$49.8K | 527.1 bp −$263.5K |
WAXP 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 WAXPUSDT | +0.0100% | 4h | 0.005533 | −0.090% | $1.0M | $1.1M | 25x | as long as short |
| Bybit WAXPUSDTlong | +0.0100% | 4h | 0.005538 | long leg | $507K | $142K | 25x | |
| Gate WAXP_USDT | +0.0100% | 4h | 0.005523 | −0.271% | $96K | $30K | 20x | as long as short |
| MEXC WAXP_USDT | +0.0100% | 4h | 0.005532 | −0.108% | $96K | $93K | 20x | as long as short |
| KuCoin WAXPUSDTM | +0.0100% | 4h | 0.005528 | −0.181% | $209K | $36K | 20x | as long as short |
| Bitget WAXPUSDT | +0.0100% | 4h | 0.005542 | +0.072% | $246K | $166K | 25x | as long as short |
| BingX WAXP-USDTshort | +0.0650% | 4h | 0.005537 | −0.018% | — | $2.3M | — |
Binance WAXPUSDT
Gate WAXP_USDT
MEXC WAXP_USDT
KuCoin WAXPUSDTM
Bitget WAXPUSDT