Funding you earn now, next payment 08:00 UTC+0.1242%/8h= +136.0% APRnext payment +$6.21 per $10,000 · paid last 24h +0.112%
Price spread now: BingX against Bybit+0.174%7-day average +0.125% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,449as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,467as in the Price arb table
costs, in and out, $10k−$2,47224.719% of the position
Funding, last 7 days+0.233%+$23 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.174%, 7d avg +0.125%
=Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and BingX is 0.049% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.125%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.233% in total (about 12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.21 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 XNYUSDT | 0.006320 | 0.0480 | pay 0.0240% / 4h | 2h 23m | $441K | $34K | 5x |
| Short | BingX XNY-USDT | 0.006331 | 0.1722 | get 0.0861% / 4h | 2h 23m | — | $1.3M | — |
Bybit XNYUSDT
BingX XNY-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
- $260.9
- Price spread: +0.174% → +0.125%
- $4.91
- Slippage, 4 orders
- −$2,450.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$2,206.07
- Costs to cover
- 24.719%
- Break-even
- 66.2 days
Slippage from Bybit: live order book, 17 min ago; BingX: live order book, 5 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, 17 min ago | 7.11 bp | 1501.0 bp −$1,501 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 7.88 bp | 47.2 bp −$47 | 220.1 bp −$2,201 | doesn't fit | doesn't fit |
XNY 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XNYUSDTM | +0.0100% | 4h | 0.006334 | +0.222% | $302K | $17K | 10x | as long as short |
| Variational Omni XNY | +0.0100% | 4h | 0.006315 | −0.072% | $53K | $1K | — | as long as short |
| Bybit XNYUSDTlong | +0.0480% | 4h | 0.006320 | long leg | $441K | $34K | 5x | |
| Gate XNY_USDT | +0.0750% | 4h | 0.006340 | +0.316% | $212K | $16K | 10x | as long as short |
| Aster XNYUSDT | +0.1667% | 4h | 0.006327 | +0.115% | $6K | $5K | 5x | as long as short |
| BingX XNY-USDTshort | +0.1722% | 4h | 0.006331 | +0.174% | — | $1.3M | — | |
| MEXC XNY_USDT | +0.1846% | 4h | 0.006332 | +0.190% | $177K | $97K | 100x | as long as short |
| Binance XNYUSDT | +0.1847% | 4h | 0.006329 | +0.142% | $3.7M | $1.0M | 10x | as long as short |
| BloFin XNY-USDT | +0.1896% | 4h | 0.006322 | +0.032% | $223K | $6K | 10x | as long as short |
KuCoin XNYUSDTM
Variational Omni XNY
Gate XNY_USDT
Aster XNYUSDT
MEXC XNY_USDT
Binance XNYUSDT
BloFin XNY-USDT