Funding you earn now, next payment 08:00 UTC+0.0886%/8h= +97.1% APRnext payment +$4.43 per $10,000 · paid last 24h +0.007%
Price spread now: Bybit against BingX+0.140%7-day average −0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1631.628% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 7 days−0.294%−$29 · spread now +0.140%, 7d avg −0.075%
=Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Bybit is 0.215% dearer against BingX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.075%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.43 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 CP-USDT | 0.01432 | 0.0070 | pay 0.0035% / 4h | 3h 02m | — | $1.1M | — |
| Short | Bybit CPUSDT | 0.01434 | 0.0956 | get 0.0478% / 4h | 3h 02m | $1.5M | $3.0M | 20x |
BingX CP-USDT
Bybit CPUSDTFunding 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
- $186.14
- Price spread: +0.140% → −0.075%
- $21.48
- Slippage, 4 orders
- −$141.78
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $44.85
- Costs to cover
- 1.628%
- Break-even
- 5.3 days
Slippage from BingX: live order book, 12 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, 12 min ago | 10.53 bp | 29.8 bp −$30 | 96.0 bp −$960 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 10.43 bp | 46.6 bp −$47 | 281.0 bp −$2,810 | doesn't fit | doesn't fit |
CP on 8 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 CP-USDTlong | +0.0070% | 4h | 0.01432 | long leg | — | $1.1M | — | |
| OKX CP-USDT-SWAP | +0.0100% | 4h | 0.01431 | −0.070% | $4.0M | $12.2M | 20x | as long as short |
| Gate CP_USDT | +0.0100% | 4h | 0.01429 | −0.209% | $615K | $588K | 20x | as long as short |
| MEXC CP_USDT | +0.0100% | 4h | 0.01430 | −0.140% | $1.6M | $393K | 20x | as long as short |
| KuCoin CPUSDTM | +0.0100% | 4h | 0.01431 | −0.070% | $202K | $899K | 20x | as long as short |
| Bitget CPUSDT | +0.0100% | 4h | 0.01430 | −0.161% | $810K | $1.8M | 20x | as long as short |
| BloFin CP-USDT | +0.0124% | 4h | 0.01430 | −0.140% | $183 | $45K | 20x | as long as short |
| Bybit CPUSDTshort | +0.0956% | 4h | 0.01434 | +0.140% | $1.5M | $3.0M | 20x |
OKX CP-USDT-SWAP
Gate CP_USDT
MEXC CP_USDT
KuCoin CPUSDTM
Bitget CPUSDT
BloFin CP-USDT