Funding you earn now, next payment 04:00 UTC−0.0594%/8h= −65.0% APRnext payment −$2.97 per $10,000 · paid last 24h −0.112%
Price spread now: Bybit against BingX−0.056%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$631as in the Funding arb table
Net, price: spread back to 7d avg − costs−$583as in the Price arb table
costs, in and out, $10k−$5875.871% of the position
Funding, last 7 days−0.440%−$44 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.056%, 7d avg −0.096%
=The price spread pays, funding is against you. Bybit is 0.040% dearer against BingX than usual: you sell high and buy low (spread −0.056% now, against its 7-day average of −0.096%): +$4 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.440% in total) that is about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX XAN-USDT | 0.01249 | 0.0694 | pay 0.0347% / 4h | 3h 19m | — | $1.3M | — |
| Short | Bybit XANUSDT | 0.01248 | 0.0100 | get 0.0050% / 4h | 3h 19m | $1.0M | $210K | 13x |
BingX XAN-USDT
Bybit XANUSDTFunding 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
- −$124.74
- Price spread: −0.056% → −0.096%
- $4
- Slippage, 4 orders
- −$566.06
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$707.79
- Costs to cover
- 5.871%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Bybit: live order book, 1 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, 11 min ago | 6.36 bp | 41.4 bp −$41 | 196.9 bp −$1,969 | 1021.1 bp −$102.1K | 1301.9 bp −$651.0K |
| Sell Bybit live order book, 1 min ago | 7.99 bp | 239.0 bp −$239 | doesn't fit | doesn't fit | doesn't fit |
XAN on 9 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 XANUSDTshort | +0.0100% | 4h | 0.01248 | −0.056% | $1.0M | $210K | 13x | |
| Gate XAN_USDT | +0.0100% | 4h | 0.01252 | +0.240% | $247K | $41K | 20x | as long as short |
| KuCoin XANUSDTM | +0.0100% | 4h | 0.01250 | +0.136% | $620K | $1.7M | 50x | as long as short |
| Bitget XANUSDT | +0.0100% | 4h | 0.01250 | +0.088% | $413K | $149K | 50x | as long as short |
| Variational Omni XAN | +0.0100% | 4h | 0.01252 | +0.284% | $7K | $2K | — | as long as short |
| BingX XAN-USDTlong | +0.0694% | 4h | 0.01249 | long leg | — | $1.3M | — | |
| MEXC XAN_USDT | +0.0720% | 4h | 0.01250 | +0.104% | $9.0M | $109K | 50x | as long as short |
| Binance XANUSDT | +0.0721% | 4h | 0.01250 | +0.086% | $2.1M | $1.4M | 50x | as long as short |
| Aster XANUSDT | +0.0849% | 4h | 0.01252 | +0.241% | $45K | $9K | 5x | as long as short |
Gate XAN_USDT
KuCoin XANUSDTM
Bitget XANUSDT
Variational Omni XAN
MEXC XAN_USDT
Binance XANUSDT
Aster XANUSDT