FLY

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKFLY2USD-USDT	22.670	+0.0050	pay 0.0050% / 8h	2h 32m	$918K	$1.6M	—	Long BingX
SHORT	BybitFLYUSDT	22.660	0	0.0000% / 8h	2h 32m	$115K	$342K	25x	Short Bybit

Price gap−0.044%

Funding gap−0.0050% /8h

The gap pays +$23 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 16 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$18−0.0050% /8h now · paid −0.182% over the last 7D

Price+$23spread −0.044% now, avg −0.278% → +0.234% if it goes back

Costs−$5215.207% of $10k · taker + slippage, in and out

Result−$515−5.15%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.044%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

FLY on 4 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size110.7 / 142.5 bp
At $10k entering Bybit costs 142.5 bp, fee and slippage, 1.3× BingX’s.
Note: Margin at max leverage— + $400
BingX —, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$1.50Long BingX: 3 payments, −$1.50; short Bybit: 3 payments, $0.00.
OK: Entry gap works for you−0.044% vs −0.278%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$115K vs $918K OI
Bybit sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · Bybit Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0087%/8h × 21 periods−$18.19

Price spread−0.044% → −0.278% (7d avg)+$23.41

Slippage, 4 orderslive order books−$499.65

Fee BingX bp × 2 orders−$10.00

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$515.44

Costs to cover5.207%Break-evennever at this rate

Slippage: BingX: live order book, 4 min ago; Bybit: live order book, 9 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX17.65110.7 bp−$111207.1 bp−$2,071360.0 bp−$36.0K888.3 bp−$444.2K

SELL · SHORTBybit4.41142.5 bp−$143doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

FLY