Funding you earn now, next payment 12:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BingX−0.038%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1381.385% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 7 days+0.022%+$2 · spread now −0.038%, 7d avg +0.057%
=Funding pays, the price is against you. Bybit is 0.095% cheaper against BingX than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.057%). If the spread goes back, that is −$10 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.003% in total) that is about 7 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX NIL-USDT | 0.07956 | 0.0070 | pay 0.0035% / 4h | 3h 12m | — | $8.1M | — |
| Short | Bybit NILUSDT | 0.07953 | 0.0100 | get 0.0050% / 4h | 3h 12m | $4.4M | $10.0M | 20x |
BingX NIL-USDT
Bybit NILUSDTFunding 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
- $6.3
- Price spread: −0.038% → +0.057%
- −$9.51
- Slippage, 4 orders
- −$117.46
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$141.67
- Costs to cover
- 1.385%
- Break-even
- 164.4 days
Slippage from BingX: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago | 6.27 bp | 20.0 bp −$20 | 73.8 bp −$738 | 438.2 bp −$43.8K | 695.9 bp −$348.0K |
| Sell Bybit live order book, 1 min ago | 4.39 bp | 48.4 bp −$48 | 175.0 bp −$1,750 | doesn't fit | doesn't fit |
NIL on 12 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 NIL-USDT | +0.0060% | 4h | 0.07977 | +0.264% | $369K | $86K | 50x | as long as short |
| BingX NIL-USDTlong | +0.0070% | 4h | 0.07956 | long leg | — | $8.1M | — | |
| Aster NILUSDT | +0.0100% | 4h | 0.07957 | +0.018% | $33K | $219K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07943 | −0.163% | $6.2M | $48.4M | 50x | as long as short |
| Bybit NILUSDTshort | +0.0100% | 4h | 0.07953 | −0.038% | $4.4M | $10.0M | 20x | |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07950 | −0.075% | $2.6M | $3.1M | 100x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07953 | −0.038% | $2.3M | $6.0M | 50x | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.07917 | −0.492% | $191K | $251K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07939 | −0.211% | $21K | $194K | 5x | as long as short |
| KuCoin NILUSDTM | +0.0152% | 4h | 0.07953 | −0.038% | $664K | $568K | 30x | as long as short |
BloFin NIL-USDT
Aster NILUSDT
Binance NILUSDT
MEXC NIL_USDT
Bitget NILUSDT
Variational Omni NIL
Extended NIL-USD
KuCoin NILUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NIL_USDT | +0.0836% | 4h | 0.07941 | −0.189% | $493K | $1.5M | 50x | as long as short |
| Hyperliquid NIL | +0.1838% | 1h | 0.07947 | −0.108% | $5.3M | $4.6M | 3x | as long as short |
Gate NIL_USDT
Hyperliquid NIL