Funding you earn now, next payment 00:00 UTC−0.0169%/8hnext payment −$1.69 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BingX−0.090%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$520.521% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 7 days+0.048%+$5 · spread now −0.090%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.061% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ALGO-USDT | 0.1115 | 0.0100 | pay 0.0100% / 8h | 4h 06m | — | $3.1M | — |
| Short | Bybit ALGOUSDT | 0.1114 | −0.0069 | pay 0.0069% / 8h | 4h 06m | $11.3M | $12.3M | 75x |
BingX ALGO-USDT
Bybit ALGOUSDTFunding 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
- −$35.5
- Price spread: −0.090% → −0.029%
- −$6.06
- Slippage, 4 orders
- −$31.12
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$93.69
- Costs to cover
- 0.521%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 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, 3 min ago | 0.45 bp | 9.3 bp −$9 | 27.8 bp −$278 | 151.7 bp −$15.2K | 587.6 bp −$293.8K |
| Sell Bybit live order book, 1 min ago | 1.35 bp | 12.4 bp −$12 | 35.5 bp −$355 | doesn't fit | doesn't fit |
ALGO on 22 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 ALGO_USDC-PERPETUAL | −0.0377% | 1h | 0.1115 | +0.027% | $101K | $54K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0156% | 1h | 0.1116 | +0.075% | $824K | $1.2M | 50x | as long as short |
| Bybit ALGOUSDTshort | −0.0069% | 8h | 0.1114 | −0.090% | $11.3M | $12.3M | 75x | |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1116 | +0.109% | $7K | — | 150x | as long as short |
| Variational Omni ALGO | +0.0005% | 8h | 0.1116 | +0.094% | $65K | $11K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0008% | 1h | 0.1114 | −0.117% | $62K | $350K | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1129 | +1.256% | $841 | $81K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1116 | +0.117% | $3.8M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1115 | +0.045% | $44K | $34K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.009% | $9.9M | $35.1M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
gTrade (Gains Network) ALGO/USD
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1114 | −0.045% | $3.0M | $7.9M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1115 | −0.036% | $848K | $809K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1115 | −0.009% | $22.4M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1115 | +0.027% | $3.6M | $1.6M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1116 | +0.090% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDTlong | +0.0100% | 8h | 0.1115 | long leg | — | $3.1M | — | |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1115 | −0.036% | $66K | $110K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1117 | +0.179% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1115 | −0.018% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1116 | +0.072% | $490K | $781K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0237% / S −0.0158% | 1h | 0.1116 | +0.058% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.4051% | 1h | 0.1117 | +0.148% | $160K | $6K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD