Funding you earn now, next payment 04:00 UTC+0.0364%/8h= +39.9% APRnext payment +$1.82 per $10,000 · paid last 24h −0.010%
Price spread now: BingX against Bybit−0.050%7-day average +0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1441.444% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 7 days+0.147%+$15 · spread now −0.050%, 7d avg +0.076%
=Funding pays, the price is against you. BingX is 0.126% cheaper against Bybit than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.076%). If the spread goes back, that is −$13 on $10k: about 28 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.026% in total) that is about 34 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.026% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.82 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 PIEVERSEUSDT | 1.8245 | 0.0100 | pay 0.0050% / 4h | 1h 09m | $10.8M | $10.7M | 20x |
| Short | BingX PIEVERSE-USDT | 1.8236 | 0.0464 | get 0.0232% / 4h | 1h 09m | — | $7.1M | — |
Bybit PIEVERSEUSDT
BingX PIEVERSE-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
- $76.44
- Price spread: −0.050% → +0.076%
- −$12.57
- Slippage, 4 orders
- −$123.38
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$80.5
- Costs to cover
- 1.444%
- Break-even
- 14.4 days
Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 8 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, 4 min ago | 1.38 bp | 47.4 bp −$47 | 393.5 bp −$3,935 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 3.31 bp | 26.3 bp −$26 | 89.9 bp −$899 | 1090.7 bp −$109.1K | 1416.2 bp −$708.1K |
PIEVERSE on 14 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 PIEVERSEUSDTlong | +0.0100% | 4h | 1.8245 | long leg | $10.8M | $10.7M | 20x | |
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.8219 | −0.143% | $8.3M | $3.4M | 25x | as long as short |
| Bitget PIEVERSEUSDT | +0.0100% | 4h | 1.8246 | +0.007% | $4.0M | $2.2M | 10x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8198 | −0.256% | $49K | $10K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8189 | −0.307% | $2K | $675K | 20x | as long as short |
| OKX PIEVERSE-USDT-SWAP | +0.0422% | 4h | 1.8248 | +0.016% | $7.2M | $17.8M | 20x | as long as short |
| BingX PIEVERSE-USDTshort | +0.0464% | 4h | 1.8236 | −0.050% | — | $7.1M | — | |
| Binance PIEVERSEUSDT | +0.0486% | 4h | 1.8249 | +0.022% | $21.6M | $27.0M | 20x | as long as short |
| MEXC PIEVERSE_USDT | +0.0486% | 4h | 1.8241 | −0.022% | $2.6M | $854K | 20x | as long as short |
| Extended PIEVERSE-USD | +0.0488% | 1h | 1.8232 | −0.070% | $41K | $251K | 5x | as long as short |
Gate PIEVERSE_USDT
Bitget PIEVERSEUSDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
OKX PIEVERSE-USDT-SWAP
Binance PIEVERSEUSDT
MEXC PIEVERSE_USDT
Extended PIEVERSE-USDShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX PIEVERSEUSDC | +0.0492% | 4h | 1.8219 | −0.142% | $37K | $431K | 10x | as long as short |
| BloFin PIEVERSE-USDT | +0.0518% | 4h | 1.8230 | −0.083% | $1.1M | $2.3M | 40x | as long as short |
| Aster PIEVERSEUSDT | +0.0685% | 4h | 1.8201 | −0.244% | $166K | $253K | 5x | as long as short |
| KuCoin PIEVERSEUSDTM | +0.0868% | 4h | 1.8244 | −0.003% | $13.9M | $2.4M | 20x | as long as short |
edgeX PIEVERSEUSDC
BloFin PIEVERSE-USDT
Aster PIEVERSEUSDT
KuCoin PIEVERSEUSDTM