Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.10 per $10,000 · paid last 24h −0.005%
Price spread now: BingX against Bybit+0.061%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1341.343% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 7 days−0.060%−$6 · spread now +0.061%, 7d avg +0.112%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.051% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.112%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BRUSDT | 1.1145 | 0.0100 | pay 0.0050% / 4h | 1h 59m | $10.8M | $25.2M | 5x |
| Short | BingX BR-USDT | 1.1152 | 0.0080 | get 0.0040% / 4h | 1h 59m | — | $6.2M | — |
Bybit BRUSDT
BingX BR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- −$4.2
- Price spread: +0.061% → +0.112%
- −$5.1
- Slippage, 4 orders
- −$113.28
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$143.57
- Costs to cover
- 1.343%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; BingX: 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 Bybit live order book, 4 min ago | 4.22 bp | 48.3 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 2.39 bp | 17.3 bp −$17 | 60.5 bp −$605 | 311.2 bp −$31.1K | 946.2 bp −$473.1K |
BR on 11 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 BR-USDTshort | +0.0080% | 4h | 1.1152 | +0.061% | — | $6.2M | — | |
| Bybit BRUSDTlong | +0.0100% | 4h | 1.1145 | long leg | $10.8M | $25.2M | 5x | |
| Gate BR_USDT | +0.0100% | 4h | 1.1147 | +0.023% | $7.5M | $8.7M | 20x | as long as short |
| Variational Omni BR | +0.0100% | 4h | 1.1153 | +0.075% | $261K | $288K | — | as long as short |
| SunX BR-USDT | +0.0100% | 4h | 1.1179 | +0.302% | — | $720K | 10x | as long as short |
| HTX BR-USDT | +0.0100% | 4h | 1.1248 | +0.930% | $86K | $247K | 20x | as long as short |
| KuCoin BRUSDTM | +0.0126% | 4h | 1.1163 | +0.165% | $4.8M | $5.1M | 30x | as long as short |
| Bitget BRUSDT | +0.0352% | 4h | 1.1155 | +0.092% | $8.2M | $12.0M | 10x | as long as short |
| Aster BRUSDT | +0.0622% | 4h | 1.1178 | +0.301% | $660K | $2.6M | 5x | as long as short |
| MEXC BR_USDT | +0.1152% | 4h | 1.1159 | +0.128% | $15.2M | $7.5M | 100x | as long as short |
Gate BR_USDT
Variational Omni BR
SunX BR-USDT
HTX BR-USDT
KuCoin BRUSDTM
Bitget BRUSDT
Aster BRUSDT
MEXC BR_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BRUSDT | +0.1154% | 4h | 1.1159 | +0.126% | $53.3M | $157.3M | 25x | as long as short |
Binance BRUSDT