Funding you earn now, next payment 04:00 UTC+0.1308%/8h= +143.2% APRnext payment +$6.54 per $10,000 · paid last 24h +0.163%
Price spread now: BingX against Bybit+0.035%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1231.230% of the position
Funding, last 7 days+0.339%+$34 on $10k
+Price spread, last 7 days+0.095%+$10 · spread now +0.035%, 7d avg +0.040%
=The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: +$39 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.339% in total (about 17.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.54 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 MUSDT | 1.4287 | 0.0100 | pay 0.0050% / 4h | 2h 01m | $4.5M | $1.8M | 20x |
| Short | BingX M-USDT | 1.4292 | 0.1408 | get 0.0704% / 4h | 2h 01m | — | $2.4M | — |
Bybit MUSDT
BingX M-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
- $274.68
- Price spread: +0.035% → +0.040%
- −$0.48
- Slippage, 4 orders
- −$102.03
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $151.17
- Costs to cover
- 1.230%
- Break-even
- 3.1 days
Slippage from Bybit: live order book, 1 min ago; BingX: live order book, 2 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, 1 min ago | 3.50 bp | 39.6 bp −$40 | 372.1 bp −$3,721 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 8.38 bp | 23.7 bp −$24 | 123.5 bp −$1,235 | doesn't fit | doesn't fit |
M 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDTlong | +0.0100% | 4h | 1.4287 | long leg | $4.5M | $1.8M | 20x | |
| Gate M_USDT | +0.0100% | 8h | 1.4280 | −0.049% | $1.9M | $906K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4300 | +0.091% | $1.8M | $239K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4276 | −0.077% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4314 | +0.189% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4319 | +0.224% | $1K | $714K | 20x | as long as short |
| Aster MUSDT | +0.1124% | 4h | 1.4274 | −0.093% | $16K | $93K | 5x | as long as short |
| BingX M-USDTshort | +0.1408% | 4h | 1.4292 | +0.035% | — | $2.4M | — | |
| Binance MUSDT | +0.1456% | 4h | 1.4292 | +0.035% | $5.5M | $3.7M | 10x | as long as short |
| MEXC M_USDT | +0.1470% | 4h | 1.4296 | +0.063% | $239K | $109K | 50x | as long as short |
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
Binance MUSDT
MEXC M_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MUSDTM | +0.3120% | 4h | 1.4163 | −0.864% | $1.4M | $4.0M | 10x | as long as short |
KuCoin MUSDTM