Funding you earn now, next payment 08:00 UTC−0.0422%/8h= −46.2% APRnext payment −$2.11 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BingX−0.050%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$205as in the Price arb table
costs, in and out, $10k−$2001.998% of the position
Funding, last 7 days−0.085%−$9 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.050%, 7d avg 0.000%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bybit is 0.051% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of 0.000%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.085% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.11 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 | BingX XAI-USDT | 0.007972 | 0.0100 | pay 0.0050% / 4h | 3h 12m | — | $2.3M | — |
| Short | Bybit XAIUSDT | 0.007968 | −0.0322 | pay 0.0161% / 4h | 3h 12m | $657K | $396K | 25x |
BingX XAI-USDT
Bybit XAIUSDTFunding 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
- −$88.66
- Price spread: −0.050% → 0.000%
- −$5.05
- Slippage, 4 orders
- −$178.77
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$293.48
- Costs to cover
- 1.998%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Bybit: live order book, 32 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, 5 min ago | 9.40 bp | 33.0 bp −$33 | 73.2 bp −$732 | 582.3 bp −$58.2K | doesn't fit |
| Sell Bybit live order book, 32 min ago | 5.63 bp | 65.1 bp −$65 | 315.9 bp −$3,159 | doesn't fit | doesn't fit |
XAI 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 XAIUSDTshort | −0.0322% | 4h | 0.007968 | −0.050% | $657K | $396K | 25x | |
| Hyperliquid XAI | +0.0100% | 1h | 0.007970 | −0.025% | $408K | $64K | 3x | as long as short |
| Aster XAIUSDT | +0.0100% | 4h | 0.007972 | 0.000% | $5K | $19K | 5x | as long as short |
| Binance XAIUSDT | +0.0100% | 4h | 0.007972 | 0.000% | $1.6M | $2.0M | 25x | as long as short |
| Gate XAI_USDT | +0.0100% | 4h | 0.007970 | −0.025% | $80K | $39K | 50x | as long as short |
| MEXC XAI_USDT | +0.0100% | 4h | 0.007970 | −0.025% | $1.9M | $437K | 50x | as long as short |
| KuCoin XAIUSDTM | +0.0100% | 4h | 0.007990 | +0.226% | $179K | $45K | 25x | as long as short |
| Bitget XAIUSDT | +0.0100% | 4h | 0.007971 | −0.013% | $450K | $252K | 25x | as long as short |
| BingX XAI-USDTlong | +0.0100% | 4h | 0.007972 | long leg | — | $2.3M | — | |
| BloFin XAI-USDT | +0.0156% | 4h | 0.007969 | −0.038% | $160K | $20K | 25x | as long as short |
Hyperliquid XAI
Aster XAIUSDT
Binance XAIUSDT
Gate XAI_USDT
MEXC XAI_USDT
KuCoin XAIUSDTM
Bitget XAIUSDT
BloFin XAI-USDT