FLY

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BybitFLYUSDT	22.680	0	0.0000% / 8h	1h 34m	$114K	$336K	25x	Long Bybit
SHORT	BingXNCSKFLY2USD-USDT	22.710	+0.0050	get 0.0050% / 8h	1h 34m	$918K	$1.6M	—	Short BingX

Price gap+0.132%

Funding gap+0.0050% /8h

Funding pays +$2 a day on $10k, but the gap is 0.146% under its 7d average: −$15 if it goes back, about 9.7 days of funding.

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−$15spread +0.132% now, avg +0.279% → −0.146% if it goes back

Costs−$3943.938% of $10k · taker + slippage, in and out

Result−$390−3.90%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+0.132%

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

1 ok · 4 to watch

Watch: Thin at this size145.4 / 25.0 bp
At $10k entering Bybit costs 145.4 bp, fee and slippage, 5.8× BingX’s.
Note: Margin at max leverage$400 + —
Bybit 25x, BingX —. 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 Bybit: 3 payments, $0.00; short BingX: 3 payments, +$1.50.
Watch: Gap narrower than usual+0.132% vs +0.279%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$114K vs $918K OI
Bybit sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBybit Yes · BingX Yes
Standard verification is mandatory for every product.

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+0.132% → +0.279% (7d avg)−$14.62

Slippage, 4 orderslive order books−$372.83

Fee Bybit bp × 2 orders−$11.00

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$390.26

Costs to cover3.938%Break-even157.2 days

Slippage: Bybit: live order book, 1 min ago; BingX: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBybit11.01145.4 bp−$1452378.7 bp−$23.8Kdoesn’t fitdoesn’t fit

SELL · SHORTBingX2.2025.0 bp−$25616.5 bp−$6,165917.3 bp−$91.7K1223.6 bp−$611.8K

Closing costs about the same again.

FLY