Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.001%
Price spread now: BingX against Bybit+0.149%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1861.857% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 7 days−0.046%−$5 · spread now +0.149%, 7d avg +0.077%
=The price spread pays, funding is against you. BingX is 0.073% dearer against Bybit than usual: you sell high and buy low (spread +0.149% now, against its 7-day average of +0.077%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.1 days. At the pace of the last 7 days (−0.031% in total) that is about 16 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CPUSDT | 0.01341 | 0.0100 | pay 0.0050% / 4h | 2h 06m | $1.5M | $2.2M | 20x |
| Short | BingX CP-USDT | 0.01343 | 0.0070 | get 0.0035% / 4h | 2h 06m | — | $1.0M | — |
Bybit CPUSDT
BingX CP-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
- −$6.3
- Price spread: +0.149% → +0.077%
- $7.25
- Slippage, 4 orders
- −$164.7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$184.75
- Costs to cover
- 1.857%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 10 min ago; BingX: live order book, 8 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, 10 min ago | 7.46 bp | 62.3 bp −$62 | 673.8 bp −$6,738 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 11.13 bp | 40.3 bp −$40 | 108.0 bp −$1,080 | 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-USDTshort | +0.0070% | 4h | 0.01343 | +0.149% | — | $1.0M | — | |
| BloFin CP-USDT | +0.0075% | 4h | 0.01342 | +0.075% | $408 | $37K | 20x | as long as short |
| Bybit CPUSDTlong | +0.0100% | 4h | 0.01341 | long leg | $1.5M | $2.2M | 20x | |
| OKX CP-USDT-SWAP | +0.0100% | 4h | 0.01344 | +0.224% | $3.7M | $10.5M | 20x | as long as short |
| Gate CP_USDT | +0.0100% | 4h | 0.01343 | +0.149% | $559K | $508K | 20x | as long as short |
| MEXC CP_USDT | +0.0100% | 4h | 0.01343 | +0.149% | $1.4M | $383K | 20x | as long as short |
| KuCoin CPUSDTM | +0.0100% | 4h | 0.01344 | +0.224% | $197K | $959K | 20x | as long as short |
| Bitget CPUSDT | +0.0100% | 4h | 0.01344 | +0.209% | $746K | $1.5M | 20x | as long as short |
BloFin CP-USDT
OKX CP-USDT-SWAP
Gate CP_USDT
MEXC CP_USDT
KuCoin CPUSDTM
Bitget CPUSDT