Funding you earn now, next payment 04:00 UTC+0.0460%/8h= +50.3% APRnext payment +$2.30 per $10,000 · paid last 24h +0.032%
Price spread now: Bybit against BingX−0.082%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$365as in the Funding arb table
Net, price: spread back to 7d avg − costs−$390as in the Price arb table
costs, in and out, $10k−$3843.836% of the position
Funding, last 7 days+0.188%+$19 on $10k
+Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.082%, 7d avg −0.019%
=Funding pays, the price is against you. Bybit is 0.062% cheaper against BingX than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.019%). If the spread goes back, that is −$6 on $10k: about 11 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.188% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.188% in total (about 9.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.30 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 LONGXIA-USDT | 0.2206 | 0.0070 | pay 0.0035% / 4h | 45m 03s | — | $2.2M | — |
| Short | Bybit LONGXIAUSDT | 0.2204 | 0.0530 | get 0.0265% / 4h | 45m 03s | $772K | $7.3M | 10x |
BingX LONGXIA-USDT
Bybit LONGXIAUSDTFunding 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
- $96.56
- Price spread: −0.082% → −0.019%
- −$6.22
- Slippage, 4 orders
- −$362.6
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$293.26
- Costs to cover
- 3.836%
- Break-even
- 28.3 days
Slippage from BingX: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 4.11 bp | 23.9 bp −$24 | 93.0 bp −$930 | 849.4 bp −$84.9K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.57 bp | 145.9 bp −$146 | 768.6 bp −$7,686 | doesn't fit | doesn't fit |
LONGXIA on 4 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 LONGXIA-USDTlong | +0.0070% | 4h | 0.2206 | long leg | — | $2.2M | — | |
| MEXC LONGXIA_USDT | +0.0100% | 4h | 0.2194 | −0.553% | $1.7M | $1.5M | 50x | as long as short |
| Bybit LONGXIAUSDTshort | +0.0530% | 4h | 0.2204 | −0.082% | $772K | $7.3M | 10x | |
| KuCoin LONGXIAUSDTM | +0.0914% | 4h | 0.2191 | −0.667% | $35.7M | $4.2M | 10x | as long as short |
MEXC LONGXIA_USDT
KuCoin LONGXIAUSDTM