Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BingX−0.102%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1151.146% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 7 days+0.055%+$6 · spread now −0.102%, 7d avg −0.050%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.052% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.050%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX W-USDT | 0.01176 | 0.0100 | pay 0.0050% / 4h | 3h 53m | — | $6.7M | — |
| Short | Bybit WUSDT | 0.01175 | 0.0100 | get 0.0050% / 4h | 3h 53m | $4.1M | $1.5M | 50x |
BingX W-USDT
Bybit WUSDTFunding 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
- $0
- Price spread: −0.102% → −0.050%
- −$5.18
- Slippage, 4 orders
- −$93.6
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$119.78
- Costs to cover
- 1.146%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; Bybit: live order book, 4 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, 14 min ago | 5.10 bp | 22.3 bp −$22 | 83.3 bp −$833 | 794.1 bp −$79.4K | 1227.0 bp −$613.5K |
| Sell Bybit live order book, 4 min ago | 3.82 bp | 31.5 bp −$31 | 149.2 bp −$1,492 | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | 0.0000% | 1h | 0.01177 | +0.060% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.780% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01178 | +0.145% | $2.0M | $271K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01177 | +0.094% | $3.0M | $5.1M | 50x | as long as short |
| Bybit WUSDTshort | +0.0100% | 4h | 0.01175 | −0.102% | $4.1M | $1.5M | 50x | |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01177 | +0.043% | $1.3M | $1.5M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01174 | −0.170% | $428K | $217K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01178 | +0.128% | $12.3M | $1.3M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01175 | −0.111% | $387K | $190K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01178 | +0.145% | $1.3M | $546K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDTlong | +0.0100% | 4h | 0.01176 | long leg | — | $6.7M | — | |
| Variational Omni W | +0.0100% | 4h | 0.01175 | −0.144% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01177 | +0.060% | $126K | $374K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01177 | +0.030% | $59K | $388K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0384% | 1h | 0.01186 | +0.816% | $13K | $13K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0546% | 1h | 0.01178 | +0.153% | $46K | $52K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.0898% | 1h | 0.01178 | +0.172% | $147K | $53K | 20x | as long as short |
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD