Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.049%
Price spread now: BingX against Bybit+0.080%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$455as in the Funding arb table
Net, price: spread back to 7d avg − costs−$428as in the Price arb table
costs, in and out, $10k−$4354.351% of the position
Funding, last 7 days−0.203%−$20 on $10k
+Price spread, last 3 days (all we have)−0.200%−$20 · spread now +0.080%, 7d avg +0.014%
=The price spread pays, funding is against you. BingX is 0.066% dearer against Bybit than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of +0.014%): +$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 7.4 days. At the pace of the last 7 days (−0.203% in total) that is about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit LONGXIAUSDT | 0.2506 | 0.0100 | pay 0.0050% / 4h | 2h 11m | $780K | $7.3M | 10x |
| Short | BingX LONGXIA-USDT | 0.2508 | 0.0070 | get 0.0035% / 4h | 2h 11m | — | $2.2M | — |
Bybit LONGXIAUSDT
BingX LONGXIA-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: +0.080% → +0.014%
- $6.62
- Slippage, 4 orders
- −$414.06
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$434.74
- Costs to cover
- 4.351%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; BingX: live order book, 6 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, 6 min ago | 5.96 bp | 165.5 bp −$166 | 868.5 bp −$8,685 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 3.57 bp | 14.7 bp −$15 | 75.8 bp −$758 | 487.7 bp −$48.8K | 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-USDTshort | +0.0070% | 4h | 0.2508 | +0.080% | — | $2.2M | — | |
| Bybit LONGXIAUSDTlong | +0.0100% | 4h | 0.2506 | long leg | $780K | $7.3M | 10x | |
| MEXC LONGXIA_USDT | +0.0100% | 4h | 0.2508 | +0.096% | $2.0M | $1.5M | 50x | as long as short |
| KuCoin LONGXIAUSDTM | +0.0866% | 4h | 0.2511 | +0.219% | $40.8M | $3.9M | 10x | as long as short |
MEXC LONGXIA_USDT
KuCoin LONGXIAUSDTM