Funding you earn now, next payment 08:00 UTC+0.0327%/8h= +35.8% APRnext payment +$1.63 per $10,000 · paid last 24h +0.108%
Price spread now: BingX against Bybit−0.041%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$550as in the Funding arb table
Net, price: spread back to 7d avg − costs−$563as in the Price arb table
costs, in and out, $10k−$5665.656% of the position
Funding, last 7 days+0.154%+$15 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.041%, 7d avg −0.065%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BingX is 0.024% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.065%.
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 +$1.63 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 | Bybit GWEIUSDT | 0.02412 | 0.0101 | pay 0.0051% / 4h | 3h 25m | $403K | $228K | 25x |
| Short | BingX GWEI-USDT | 0.02411 | 0.0428 | get 0.0214% / 4h | 3h 25m | — | $1.6M | — |
Bybit GWEIUSDT
BingX GWEI-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
- $68.66
- Price spread: −0.041% → −0.065%
- $2.37
- Slippage, 4 orders
- −$544.61
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$494.58
- Costs to cover
- 5.656%
- Break-even
- 57.4 days
Slippage from Bybit: live order book, 19 min ago; BingX: live order book, 7 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, 19 min ago | 4.13 bp | 278.7 bp −$279 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 8.29 bp | 37.7 bp −$38 | 115.2 bp −$1,152 | 861.9 bp −$86.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate GWEI_USDT | +0.0100% | 4h | 0.02405 | −0.286% | $406K | $511K | 10x | as long as short |
| KuCoin GWEIUSDTM | +0.0100% | 4h | 0.02411 | −0.029% | $470K | $28K | 20x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02410 | −0.081% | $5K | $1K | — | as long as short |
| Bybit GWEIUSDTlong | +0.0101% | 4h | 0.02412 | long leg | $403K | $228K | 25x | |
| Bitget GWEIUSDT | +0.0146% | 4h | 0.02409 | −0.124% | $2.0M | $391K | 20x | as long as short |
| Extended GWEI-USD | +0.0376% | 1h | 0.02412 | +0.013% | $4K | $131K | 5x | as long as short |
| Binance GWEIUSDT | +0.0377% | 4h | 0.02411 | −0.041% | $2.8M | $4.2M | 50x | as long as short |
| MEXC GWEI_USDT | +0.0386% | 4h | 0.02412 | 0.000% | $119K | $87K | 20x | as long as short |
| BloFin GWEI-USDT | +0.0402% | 4h | 0.02415 | +0.124% | $194K | $38K | 50x | as long as short |
| BingX GWEI-USDTshort | +0.0428% | 4h | 0.02411 | −0.041% | — | $1.6M | — |
Gate GWEI_USDT
KuCoin GWEIUSDTM
Variational Omni GWEI
Bitget GWEIUSDT
Extended GWEI-USD
Binance GWEIUSDT
MEXC GWEI_USDT
BloFin GWEI-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1366% | 4h | 0.02407 | −0.202% | $20K | $29K | 10x | as long as short |
Aster GWEIUSDT