Funding you earn now, next payment 08:00 UTC−0.0373%/8h= −40.8% APRnext payment −$1.86 per $10,000 · paid last 24h −0.108%
Price spread now: Bybit against BingX0.000%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$655as in the Funding arb table
Net, price: spread back to 7d avg − costs−$646as in the Price arb table
costs, in and out, $10k−$6396.394% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now 0.000%, 7d avg +0.068%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.068% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.068%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.154% in total (about -8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.86 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 GWEI-USDT | 0.02349 | 0.0474 | pay 0.0237% / 4h | 1h 30m | — | $1.6M | — |
| Short | Bybit GWEIUSDT | 0.02349 | 0.0101 | get 0.0051% / 4h | 1h 30m | $392K | $275K | 25x |
BingX GWEI-USDT
Bybit GWEIUSDTFunding 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
- −$78.32
- Price spread: 0.000% → +0.068%
- −$6.8
- Slippage, 4 orders
- −$618.35
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$724.48
- Costs to cover
- 6.394%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Bybit: 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 BingX live order book, 6 min ago | 6.38 bp | 28.4 bp −$28 | 104.4 bp −$1,044 | 824.3 bp −$82.4K | 1227.0 bp −$613.5K |
| Sell Bybit live order book, 4 min ago | 2.13 bp | 211.2 bp −$211 | doesn't fit | doesn't fit | doesn't fit |
GWEI 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin GWEI-USDT | +0.0065% | 4h | 0.02345 | −0.170% | $163K | $41K | 50x | as long as short |
| Binance GWEIUSDT | +0.0100% | 4h | 0.02347 | −0.085% | $2.5M | $5.3M | 50x | as long as short |
| Gate GWEI_USDT | +0.0100% | 4h | 0.02343 | −0.247% | $397K | $581K | 10x | as long as short |
| MEXC GWEI_USDT | +0.0100% | 4h | 0.02348 | −0.043% | $130K | $93K | 20x | as long as short |
| KuCoin GWEIUSDTM | +0.0100% | 4h | 0.02347 | −0.072% | $462K | $36K | 20x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02350 | +0.046% | $5K | $1K | — | as long as short |
| Bybit GWEIUSDTshort | +0.0101% | 4h | 0.02349 | 0.000% | $392K | $275K | 25x | |
| Extended GWEI-USD | +0.0104% | 1h | 0.02348 | −0.026% | $5K | $212K | 5x | as long as short |
| BingX GWEI-USDTlong | +0.0474% | 4h | 0.02349 | long leg | — | $1.6M | — | |
| Bitget GWEIUSDT | +0.0478% | 4h | 0.02347 | −0.085% | $1.9M | $475K | 20x | as long as short |
BloFin GWEI-USDT
Binance GWEIUSDT
Gate GWEI_USDT
MEXC GWEI_USDT
KuCoin GWEIUSDTM
Variational Omni GWEI
Extended GWEI-USD
Bitget GWEIUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.0751% | 4h | 0.02349 | −0.003% | $19K | $32K | 10x | as long as short |
Aster GWEIUSDT