Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit−0.124%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1151.147% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.124%, 7d avg −0.084%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.039% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.084%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USUALUSDT | 0.01376 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $1.0M | $806K | 25x |
| Short | BingX USUAL-USDT | 0.01374 | 0.0100 | get 0.0050% / 4h | 3h 31m | — | $1.2M | — |
Bybit USUALUSDT
BingX USUAL-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
- $0
- Price spread: −0.124% → −0.084%
- −$3.95
- Slippage, 4 orders
- −$93.67
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$118.61
- Costs to cover
- 1.147%
- Break-even
- never at this rate
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 | 5.46 bp | 32.8 bp −$33 | 340.3 bp −$3,403 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 5.80 bp | 21.0 bp −$21 | 79.7 bp −$797 | 515.9 bp −$51.6K | 788.8 bp −$394.4K |
USUAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4996% | 1h | 0.01365 | −0.799% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0643% | 1h | 0.01372 | −0.255% | $112K | $18K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01374 | −0.145% | $395K | $190K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01374 | −0.182% | $2.1M | $3.4M | 50x | as long as short |
| Bybit USUALUSDTlong | +0.0100% | 4h | 0.01376 | long leg | $1.0M | $806K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01374 | −0.145% | $929K | $212K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01373 | −0.189% | $6.0M | $245K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01374 | −0.145% | $272K | $62K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01374 | −0.145% | $825K | $442K | 50x | as long as short |
| BingX USUAL-USDTshort | +0.0100% | 4h | 0.01374 | −0.124% | — | $1.2M | — |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Binance USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01374 | −0.161% | $9K | $208 | — | as long as short |
Variational Omni USUAL