Funding you earn now, next payment 22:00 UTC+0.9481%/8h= +1038.1% APRpaid last 24h +0.733%
Price spread now: Bybit against BingX−0.873%7-day average +0.185% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$225as in the Price arb table
costs, in and out, $10k−$1191.187% of the position
Funding, last 6 days (all we have)+0.823%+$82 on $10k
+Price spread, last 6 days (all we have)+1.159%+$116 · spread now −0.873%, 7d avg +0.185%
=Funding pays, the price is against you. Bybit is 1.058% cheaper against BingX than usual: you would sell low and buy high (spread −0.873% now, against its 7-day average of +0.185%). If the spread goes back, that is −$106 on $10k: about 9 hours of funding at the current rate (+$284 a day). At the pace of the last 6 days (+0.823% in total) that is about 7.6 days.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.823% in total (about 50.9% a year). A funding rate is set anew for every payment. 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 CVC-USDT | 0.02749 | −0.0020 | get 0.0010% / 4h | 2h 21m | — | $2.4M | — |
| Short | Bybit CVCUSDT | 0.02725 | 0.9461 | get 0.1183% / 1h | 21m 47s | $1.7M | $1.4M | 25x |
BingX CVC-USDT
Bybit CVCUSDTFunding 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
- $1,990.93
- Price spread: −0.873% → +0.185%
- −$105.79
- Slippage, 4 orders
- −$97.73
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $1,766.42
- Costs to cover
- 1.187%
- Break-even
- 0.8 days
Slippage from BingX: live order book, 7 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, 7 min ago | 7.30 bp | 22.2 bp −$22 | 75.1 bp −$751 | 832.9 bp −$83.3K | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.84 bp | 41.3 bp −$41 | 600.1 bp −$6,001 | doesn't fit | doesn't fit |
CVC 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CVC_USDT | −0.1074% | 4h | 0.02746 | −0.109% | $209K | $312K | 25x | as long as short |
| Bitget CVCUSDT | −0.0026% | 4h | 0.02746 | −0.109% | $463K | $469K | 50x | as long as short |
| BingX CVC-USDTlong | −0.0020% | 4h | 0.02749 | long leg | — | $2.4M | — | |
| MEXC CVC_USDT | +0.0032% | 4h | 0.02748 | −0.036% | $662K | $123K | 20x | as long as short |
| Binance CVCUSDT | +0.0032% | 4h | 0.02749 | 0.000% | $3.0M | $5.7M | 50x | as long as short |
| KuCoin CVCUSDTM | +0.0100% | 4h | 0.02752 | +0.109% | $1.4M | $398K | 30x | as long as short |
| Variational Omni CVC | +0.6343% | 1h | 0.02723 | −0.931% | $1K | $370 | — | as long as short |
| Bybit CVCUSDTshort | +0.9461% | 1h | 0.02725 | −0.873% | $1.7M | $1.4M | 25x |
Gate CVC_USDT
Bitget CVCUSDT
MEXC CVC_USDT
Binance CVCUSDT
KuCoin CVCUSDTM
Variational Omni CVC