Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 199.66 | +0.0050 | pay 0.0050% / 8h | 2h 32m | $286K | $1.2M | — | Long BingX | |
| SHORT | 198.77 | 0 | 0.0000% / 8h | 2h 32m | $371K | $1.5M | 25x | Short Bybit |
Price gap−0.446%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.118% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$35−0.0050% /8h now · paid −0.353% over the last 7D
Price−$12spread −0.446% now, avg −0.328% → −0.118% if it goes back
Costs−$1821.823% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.446%
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
/8hZS on 8 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size31.4 / 67.9 bpAt $10k entering Bybit costs 67.9 bp, fee and slippage, 2.2× 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: −$1.50Long BingX: 3 payments, −$1.50; short Bybit: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.446% vs −0.328%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$286K vs $371K OIBingX 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−0.0168%/8h × 21 periods−$35.33
Price spread−0.446% → −0.328% (7d avg)−$11.78
Slippage, 4 orderslive order books−$161.27
Fee BingX bp × 2 orders−$10.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$229.38
Costs to cover1.823%Break-evennever at this rate
Slippage: BingX: live order book, 4 min ago; Bybit: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX14.9831.4 bp−$3174.4 bp−$744128.4 bp−$12.8K386.0 bp−$193.0K
SELL · SHORTBybit2.0167.9 bp−$68doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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