Funding you earn now, next payment 04:00 UTC−0.0187%/8h= −20.5% APRnext payment −$0.93 per $10,000 · paid last 24h −0.075%
Price spread now: Bybit against BingX−0.202%7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$602as in the Funding arb table
Net, price: spread back to 7d avg − costs−$581as in the Price arb table
costs, in and out, $10k−$5715.706% of the position
Funding, last 7 days−0.309%−$31 on $10k
+Price spread, last 7 days+0.209%+$21 · spread now −0.202%, 7d avg −0.094%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.108% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.094%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 4-USDT | 0.02031 | 0.0358 | pay 0.0179% / 4h | 1h 35m | — | $1.4M | — |
| Short | Bybit 4USDT | 0.02027 | 0.0171 | get 0.0085% / 4h | 1h 35m | $2.6M | $1.9M | 5x |
BingX 4-USDT
Bybit 4USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$39.24
- Price spread: −0.202% → −0.094%
- −$10.78
- Slippage, 4 orders
- −$549.61
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$620.63
- Costs to cover
- 5.706%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Bybit: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 11 min ago | 30.26 bp | 54.9 bp −$55 | 156.0 bp −$1,560 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.96 bp | 237.8 bp −$238 | 630.6 bp −$6,306 | doesn't fit | doesn't fit |
4 on 9 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni 4 | +0.0100% | 4h | 0.02026 | −0.216% | $46K | $9K | — | as long as short |
| SunX 4-USDT | +0.0100% | 4h | 0.02030 | −0.034% | $2K | $1.2M | 20x | as long as short |
| Bybit 4USDTshort | +0.0171% | 4h | 0.02027 | −0.202% | $2.6M | $1.9M | 5x | |
| MEXC 4_USDT | +0.0344% | 4h | 0.02029 | −0.084% | $1.6M | $910K | 100x | as long as short |
| Binance 4USDT | +0.0345% | 4h | 0.02030 | −0.050% | $7.8M | $12.5M | 20x | as long as short |
| Gate 4_USDT | +0.0348% | 4h | 0.02030 | −0.020% | $544K | $281K | 20x | as long as short |
| Aster 4USDT | +0.0350% | 4h | 0.02024 | −0.338% | $243K | $114K | 5x | as long as short |
| BingX 4-USDTlong | +0.0358% | 4h | 0.02031 | long leg | — | $1.4M | — | |
| KuCoin 4USDTM | +0.0690% | 4h | 0.02026 | −0.231% | $854K | $12.6M | 20x | as long as short |
Variational Omni 4
SunX 4-USDT
MEXC 4_USDT
Binance 4USDT
Gate 4_USDT
Aster 4USDT
KuCoin 4USDTM