Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 9.9700 | −0.3982 | get 0.3982% / 8h | 3h 20m | $998K | $730K | — | Long BingX | |
| SHORT | 9.9600 | 0 | 0.0000% / 8h | 3h 20m | $504K | $161K | 25x | Short Bybit |
Price gap−0.100%
Funding gap+0.3982% /8h
Funding pays +$119 a day on $10k, but the gap is 0.077% under its 7d average: −$8 if it goes back, about 2 hours of funding. At the last 7 days' pace that is about 5.1 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$10+0.3982% /8h now · paid +0.105% over the last 7D
Price−$8spread −0.100% now, avg −0.024% → −0.077% if it goes back
Costs−$1981.980% of $10k · taker + slippage, in and out
Result−$195−1.95%no points
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.105% in total, about +0.0050%/8h on average.
Price and funding
1h · historyEntry / 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−0.100%
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
/8hTSLL on 8 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size19.5 / 77.6 bpAt $10k entering Bybit costs 77.6 bp, fee and slippage, 4.0× BingX’s.
- Note: Margin at max leverage— + $400BingX —, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$119.47Long BingX: 3 payments, +$119.47; short Bybit: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.100% vs −0.024%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$504K vs $998K OIBybit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Bybit YesAdvanced 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 outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0050%/8h × 21 periods+$10.46
Price spread−0.100% → −0.024% (7d avg)−$7.68
Slippage, 4 orderslive order books−$176.95
Fee BingX bp × 2 orders−$10.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$195.17
Costs to cover1.980%Break-even137.6 days
Slippage: BingX: live order book, 18 min ago; Bybit: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX5.0419.5 bp−$2068.1 bp−$681155.5 bp−$15.5K709.9 bp−$354.9K
SELL · SHORTBybit5.0377.6 bp−$78doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.