Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit+0.128%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1221.217% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 7 days−0.039%−$4 · spread now +0.128%, 7d avg +0.050%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.078% dearer against Bybit than usual: you sell high and buy low, +$8 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 | Bybit WUSDT | 0.01170 | 0.0100 | pay 0.0050% / 4h | 2h 08m | $4.1M | $2.0M | 50x |
| Short | BingX W-USDT | 0.01171 | 0.0100 | get 0.0050% / 4h | 2h 08m | — | $6.9M | — |
Bybit WUSDT
BingX W-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: +0.128% → +0.050%
- $7.85
- Slippage, 4 orders
- −$100.72
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$113.87
- Costs to cover
- 1.217%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 9 min ago; BingX: live order book, 14 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, 9 min ago | 3.83 bp | 36.2 bp −$36 | 133.8 bp −$1,338 | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 2.13 bp | 23.8 bp −$24 | 56.3 bp −$563 | 585.7 bp −$58.6K | 1127.0 bp −$563.5K |
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 | −0.1199% | 1h | 0.01172 | +0.171% | $17K | $1K | 10x | as long as short |
| OKX W-USDT-SWAP | −0.0024% | 4h | 0.01171 | +0.137% | $1.3M | $2.1M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +3.351% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01173 | +0.274% | $2.0M | $450K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01172 | +0.169% | $3.0M | $7.1M | 50x | as long as short |
| Bybit WUSDTlong | +0.0100% | 4h | 0.01170 | long leg | $4.1M | $2.0M | 50x | |
| Gate W_USDT | +0.0100% | 4h | 0.01170 | +0.017% | $444K | $301K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01172 | +0.188% | $12.8M | $1.8M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01171 | +0.103% | $415K | $217K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01174 | +0.359% | $1.3M | $585K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
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-USDTshort | +0.0100% | 4h | 0.01171 | +0.128% | — | $6.9M | — | |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01173 | +0.265% | $44K | $47K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01169 | −0.040% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01172 | +0.180% | $122K | $409K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01172 | +0.177% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0296% | 1h | 0.01178 | +0.701% | $14K | $18K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0620% | 1h | 0.01174 | +0.353% | $145K | $185K | 20x | as long as short |
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD