Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.009%
Price spread now: Bybit against BingX+0.115%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1511.513% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 7 days+0.183%+$18 · spread now +0.115%, 7d avg +0.099%
=The price spread sits at its 7-day average of +0.099%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.068%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX AXL-USDT | 0.05210 | 0.0070 | pay 0.0035% / 4h | 42m 03s | — | $2.3M | — |
| Short | Bybit AXLUSDT | 0.05216 | 0.0100 | get 0.0050% / 4h | 42m 03s | $1.5M | $2.0M | 25x |
BingX AXL-USDT
Bybit AXLUSDTFunding 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
- $6.3
- Price spread: +0.115% → +0.099%
- $1.63
- Slippage, 4 orders
- −$130.28
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$143.35
- Costs to cover
- 1.513%
- Break-even
- 166.3 days
Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 5 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, 6 min ago | 6.70 bp | 32.6 bp −$33 | 115.6 bp −$1,156 | 635.7 bp −$63.6K | 829.8 bp −$414.9K |
| Sell Bybit live order book, 5 min ago | 1.91 bp | 44.1 bp −$44 | 188.4 bp −$1,884 | doesn't fit | doesn't fit |
AXL 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX AXL-USDTlong | +0.0070% | 4h | 0.05210 | long leg | — | $2.3M | — | |
| Aster AXLUSDT | +0.0100% | 4h | 0.05221 | +0.217% | $34K | $7K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05209 | −0.019% | $1.8M | $4.3M | 50x | as long as short |
| Bybit AXLUSDTshort | +0.0100% | 4h | 0.05216 | +0.115% | $1.5M | $2.0M | 25x | |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05209 | −0.019% | $325K | $168K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05215 | +0.096% | $437K | $93K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05209 | −0.019% | $569K | $314K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05223 | +0.250% | $6K | $23K | — | as long as short |
| BloFin AXL-USDT | +0.0157% | 4h | 0.05226 | +0.307% | $121K | $10K | 50x | as long as short |
Aster AXLUSDT
Binance AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL
BloFin AXL-USDT