Funding you earn now, next payment 16:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.13 per $10,000 · paid last 24h −0.024%
Price spread now: Bybit against BingX−0.123%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$300.303% of the position
Funding, last 7 days−0.075%−$7 on $10k
+Price spread, last 7 days+0.096%+$10 · spread now −0.123%, 7d avg −0.006%
=Funding pays, the price is against you. Bybit is 0.117% cheaper against BingX than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of −0.006%). If the spread goes back, that is −$12 on $10k: about 30 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.075%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ARB-USDT | 0.2192 | 0.0087 | pay 0.0087% / 8h | 7h 56m | — | $32.9M | — |
| Short | Bybit ARBUSDT | 0.2189 | 0.0100 | get 0.0100% / 8h | 7h 56m | $53.3M | $125.9M | 50x |
BingX ARB-USDT
Bybit ARBUSDTFunding 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
- $2.73
- Price spread: −0.123% → −0.006%
- −$11.71
- Slippage, 4 orders
- −$9.31
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$39.3
- Costs to cover
- 0.303%
- Break-even
- 107.8 days
Slippage from BingX: live order book, 12 min ago; Bybit: live order book, 2 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, 12 min ago | 0.92 bp | 6.6 bp −$7 | 8.4 bp −$84 | 14.6 bp −$1,455 | 53.9 bp −$27.0K |
| Sell Bybit live order book, 2 min ago | 0.23 bp | 9.2 bp −$9 | 18.1 bp −$181 | 49.4 bp −$4,938 | doesn't fit |
ARB on 36 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 ARB/USDC PERP | −0.1605% | 1h | 0.2179 | −0.575% | $39K | $372K | 12x | as long as short |
| Phemex ARBUSDT | −0.0233% | 8h | 0.2194 | +0.110% | $4.8M | $12.8M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0168% | 1h | 0.2197 | +0.226% | $1.1M | $4.3M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2193 | +0.068% | $7K | $236 | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0068% | 8h | 0.2187 | −0.205% | $22.2M | $145.2M | 50x | as long as short |
| MEXC ARB_USDT | −0.0068% | 8h | 0.2192 | +0.023% | $42.5M | $62.3M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2196 | +0.201% | $16K | $410K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2190 | −0.050% | $65K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2192 | +0.002% | $364K | $3.1M | 25x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2197 | +0.228% | $28K | $38K | 25x | as long as short |
Injective ARB/USDC PERP
Phemex ARBUSDT
Kraken Futures PF_ARBUSD
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
dYdX ARB-USD
Extended ARB-USD
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2196 | +0.186% | $73K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0006% | 8h | 0.2190 | −0.090% | $63.2M | $299.2M | 75x | as long as short |
| Variational Omni ARB | +0.0029% | 8h | 0.2187 | −0.226% | $1.8M | $3.0M | — | as long as short |
| BloFin ARB-USDT | +0.0060% | 8h | 0.2194 | +0.128% | $3.0M | $2.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2197 | +0.235% | $139K | $7K | 3x | as long as short |
| BingX ARB-USDTlong | +0.0087% | 8h | 0.2192 | long leg | — | $32.9M | — | |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2191 | −0.027% | $21.2M | $34.6M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2190 | −0.064% | $1.3M | $5.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2192 | +0.032% | $36.7M | $49.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2192 | +0.028% | $628K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2191 | −0.040% | $43K | $146K | 10x | as long as short |
| Bybit ARBUSDTshort | +0.0100% | 8h | 0.2189 | −0.123% | $53.3M | $125.9M | 50x | |
| Gate ARB_USDT | +0.0100% | 8h | 0.2193 | +0.041% | $5.4M | $18.0M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2194 | +0.119% | $19.5M | $13.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2187 | −0.216% | $40K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2186 | −0.242% | $465K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2187 | −0.210% | $118K | $268K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2195 | +0.155% | $74K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2198 | +0.292% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2195 | +0.169% | $9K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2196 | +0.187% | $294K | $836K | 50x | as long as short |
| RISEx ARB/USDC | +0.0123% | 1h | 0.2196 | +0.193% | $512K | $2.7M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0160% | 1h | 0.2196 | +0.202% | $831K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2193 | +0.074% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2198 | +0.292% | $516K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0353% | 1h | 0.2198 | +0.287% | $983K | $2.8M | 20x | as long as short |
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Variational Omni ARB
BloFin ARB-USDT
Aevo ARB-PERP
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP