Funding you earn now, next payment 04:00 UTC−0.0262%/8h= −28.7% APRnext payment −$1.31 per $10,000 · paid last 24h −0.051%
Price spread now: Bybit against BingX−0.441%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$317as in the Funding arb table
Net, price: spread back to 7d avg − costs−$309as in the Price arb table
costs, in and out, $10k−$2702.704% of the position
Funding, last 7 days−0.462%−$46 on $10k
+Price spread, last 7 days+0.430%+$43 · spread now −0.441%, 7d avg −0.055%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.386% cheaper against BingX than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.055%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX WET-USDT | 0.07480 | 0.0362 | pay 0.0181% / 4h | 1h 43m | — | $6.6M | — |
| Short | Bybit WETUSDT | 0.07447 | 0.0100 | get 0.0050% / 4h | 1h 43m | $1.7M | $1.2M | 50x |
BingX WET-USDT
Bybit WETUSDTFunding 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
- −$55.02
- Price spread: −0.441% → −0.055%
- −$38.57
- Slippage, 4 orders
- −$249.43
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$364.02
- Costs to cover
- 2.704%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Bybit: 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 BingX live order book, 8 min ago | 7.37 bp | 29.5 bp −$30 | 113.5 bp −$1,135 | 865.8 bp −$86.6K | 1161.6 bp −$580.8K |
| Sell Bybit live order book, 3 min ago | 7.30 bp | 128.6 bp −$129 | 579.9 bp −$5,799 | doesn't fit | doesn't fit |
WET on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit WETUSDTshort | +0.0100% | 4h | 0.07447 | −0.441% | $1.7M | $1.2M | 50x | |
| OKX WET-USDT-SWAP | +0.0100% | 4h | 0.07469 | −0.147% | $898K | $2.4M | 20x | as long as short |
| Gate WET_USDT | +0.0100% | 8h | 0.07477 | −0.040% | $1.1M | $72K | 50x | as long as short |
| KuCoin WETUSDTM | +0.0100% | 4h | 0.07471 | −0.120% | $737K | $723K | 50x | as long as short |
| Bitget WETUSDT | +0.0100% | 4h | 0.07477 | −0.040% | $616K | $158K | 25x | as long as short |
| BloFin WET-USDT | +0.0124% | 4h | 0.07442 | −0.508% | $88K | $10K | 50x | as long as short |
| BingX WET-USDTlong | +0.0362% | 4h | 0.07480 | long leg | — | $6.6M | — | |
| Binance WETUSDT | +0.0396% | 4h | 0.07461 | −0.256% | $1.5M | $4.1M | 50x | as long as short |
| MEXC WET_USDT | +0.0404% | 4h | 0.07466 | −0.187% | $222K | $141K | 50x | as long as short |
| Aster WETUSDT | +0.1220% | 4h | 0.07465 | −0.201% | $14K | $34K | 5x | as long as short |
OKX WET-USDT-SWAP
Gate WET_USDT
KuCoin WETUSDTM
Bitget WETUSDT
BloFin WET-USDT
Binance WETUSDT
MEXC WET_USDT
Aster WETUSDT