Funding you earn now, next payment 00:00 UTC−0.0281%/8h= −30.8% APRnext payment −$2.81 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against BingX−0.313%7-day average −0.199% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1191.187% of the position
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 7 days+0.209%+$21 · spread now −0.313%, 7d avg −0.199%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.114% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.199%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.107% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.81 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 | BingX CORE-USDT | 0.02235 | 0.0151 | pay 0.0151% / 8h | 54m 25s | — | $1.3M | — |
| Short | Bybit COREUSDT | 0.02228 | −0.0130 | pay 0.0130% / 8h | 54m 25s | $1.4M | $859K | 20x |
BingX CORE-USDT
Bybit COREUSDTFunding 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
- −$59.05
- Price spread: −0.313% → −0.199%
- −$11.37
- Slippage, 4 orders
- −$97.66
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$189.09
- Costs to cover
- 1.187%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 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, 2 min ago | 6.71 bp | 22.7 bp −$23 | 63.2 bp −$632 | 1030.1 bp −$103.0K | 1287.5 bp −$643.8K |
| Sell Bybit live order book, 2 min ago | 6.73 bp | 35.6 bp −$36 | 257.2 bp −$2,572 | doesn't fit | doesn't fit |
CORE on 6 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 CORE | −0.0312% | 8h | 0.02226 | −0.394% | $8K | $886 | — | as long as short |
| Bybit COREUSDTshort | −0.0130% | 8h | 0.02228 | −0.313% | $1.4M | $859K | 20x | |
| OKX CORE-USDT-SWAP | +0.0100% | 8h | 0.02236 | +0.045% | $1.8M | $4.3M | 20x | as long as short |
| Gate CORE_USDT | +0.0100% | 8h | 0.02230 | −0.224% | $172K | $167K | 25x | as long as short |
| MEXC CORE_USDT | +0.0151% | 8h | 0.02233 | −0.089% | $877K | $205K | 100x | as long as short |
| BingX CORE-USDTlong | +0.0151% | 8h | 0.02235 | long leg | — | $1.3M | — |
Variational Omni CORE
OKX CORE-USDT-SWAP
Gate CORE_USDT
MEXC CORE_USDT