Funding you earn now, next payment 04:00 UTC+0.0753%/8h= +82.5% APRnext payment +$3.77 per $10,000 · paid last 24h +0.102%
Price spread now: BingX against Bybit−0.033%7-day average +0.126% · you buy dearer than you sell
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$224as in the Price arb table
costs, in and out, $10k−$2092.085% of the position
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 7 days−0.187%−$19 · spread now −0.033%, 7d avg +0.126%
=Funding pays, the price is against you. BingX is 0.159% cheaper against Bybit than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.126%). If the spread goes back, that is −$16 on $10k: about 17 hours of funding at the current rate (+$23 a day). Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.77 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BTWUSDT | 0.8417 | 0.0113 | pay 0.0056% / 4h | 1h 11m | $16.4M | $41.2M | 10x |
| Short | BingX BTW-USDT | 0.8414 | 0.0866 | get 0.0433% / 4h | 1h 11m | — | $4.4M | — |
Bybit BTWUSDT
BingX BTW-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
- $158.19
- Price spread: −0.033% → +0.126%
- −$15.9
- Slippage, 4 orders
- −$187.52
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$66.23
- Costs to cover
- 2.085%
- Break-even
- 9.9 days
Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 4 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, 2 min ago | 11.18 bp | 82.8 bp −$83 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 3.13 bp | 16.9 bp −$17 | 89.0 bp −$890 | 610.6 bp −$61.1K | doesn't fit |
BTW 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.8422 | +0.058% | $7.5M | $4.9M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.8363 | −0.640% | $215K | $794K | 10x | as long as short |
| Bybit BTWUSDTlong | +0.0113% | 4h | 0.8417 | long leg | $16.4M | $41.2M | 10x | |
| Gate BTW_USDT | +0.0370% | 4h | 0.8413 | −0.047% | $3.5M | $17.4M | 10x | as long as short |
| Bitget BTWUSDT | +0.0598% | 4h | 0.8448 | +0.369% | $26.6M | $14.7M | 5x | as long as short |
| BingX BTW-USDTshort | +0.0866% | 4h | 0.8414 | −0.033% | — | $4.4M | — | |
| edgeX BTWUSDC | +0.0912% | 4h | 0.8230 | −2.216% | $339K | $500K | 10x | as long as short |
| MEXC BTW_USDT | +0.0934% | 4h | 0.8428 | +0.133% | $9.6M | $6.4M | 20x | as long as short |
| Extended BTW-USD | +0.0936% | 1h | 0.8424 | +0.084% | $36K | $15K | 5x | as long as short |
| Binance BTWUSDT | +0.0946% | 4h | 0.8434 | +0.204% | $117.4M | $178.0M | 10x | as long as short |
KuCoin BTWUSDTM
HTX BTW-USDT
Gate BTW_USDT
Bitget BTWUSDT
edgeX BTWUSDC
MEXC BTW_USDT
Extended BTW-USD
Binance BTWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTWUSDT | +0.1095% | 4h | 0.8423 | +0.069% | $2.3M | $3.2M | 5x | as long as short |
Aster BTWUSDT