PYPL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKPYPL2USD-USDT	54.150	+0.0137	pay 0.0137% / 8h	3h 04m	$938K	$1.6M	—	Long BingX
SHORT	BybitPYPLUSDT	54.090	0	0.0000% / 8h	3h 04m	$327K	$11K	25x	Short Bybit

Price gap−0.111%

Funding gap−0.0137% /8h

Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.032% under its 7d average. Swap the legs.

If you open now and hold

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

Funding−$10−0.0137% /8h now · paid −0.105% over the last 7D

Price−$3spread −0.111% now, avg −0.079% → −0.032% if it goes back

Costs−$1771.767% of $10k · taker + slippage, in and out

Result−$190−1.90%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…

Price spread

Prices

Fundingper 8h

P&L

PRICE SPREAD · 7D

Now−0.111%

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

PYPL on 10 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size33.4 / 59.4 bp
At $10k entering Bybit costs 59.4 bp, fee and slippage, 1.8× 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: −$4.11Long BingX: 3 payments, −$4.11; short Bybit: 3 payments, $0.00.
Watch: Gap narrower than usual−0.111% vs −0.079%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$327K vs $938K 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−0.0050%/8h × 21 periods−$10.47

Price spread−0.111% → −0.079% (7d avg)−$3.16

Slippage, 4 orderslive order books−$155.74

Fee BingX bp × 2 orders−$10.00

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$190.36

Costs to cover1.767%Break-evennever at this rate

Slippage: BingX: live order book, 5 min ago; Bybit: live order book, 59 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX11.0833.4 bp−$3368.1 bp−$681140.9 bp−$14.1K612.4 bp−$306.2K

SELL · SHORTBybit13.9159.4 bp−$59doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

PYPL news

posts that mention PYPL, from every exchangeSearch all news →

09-28 16:43	Avantis	Other	2/ Software and cybersecurity $PANW $FTNT $ADBE $ADSK $INTU $DDOG $WDAY $SHOP $PYPL $MELI $PDD $TTWO $DASH Application layer where the spend actually lives, is AI helping or harming these companies? @verantaxyz on X ↗
09-24 14:14	Avantis	Listing	new market PYPL/USD ($PYPL) seen by our collector
09-21 13:35	gTrade (Gains Network)	Listing	new market PYPL/USD ($PYPL) seen by our collector