Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.009%
Price spread now: Bybit against BingX−0.019%7-day average +0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1631.630% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 7 days+0.159%+$16 · spread now −0.019%, 7d avg +0.103%
=Funding pays, the price is against you. Bybit is 0.122% cheaper against BingX than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.103%). If the spread goes back, that is −$12 on $10k: about 14 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.077%, 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 AXL-USDT | 0.05230 | 0.0070 | pay 0.0035% / 4h | 2h 22m | — | $2.3M | — |
| Short | Bybit AXLUSDT | 0.05229 | 0.0100 | get 0.0050% / 4h | 2h 22m | $1.5M | $1.9M | 25x |
BingX AXL-USDT
Bybit AXLUSDTFunding 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
- $6.3
- Price spread: −0.019% → +0.103%
- −$12.21
- Slippage, 4 orders
- −$142.04
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$168.95
- Costs to cover
- 1.630%
- Break-even
- 194.7 days
Slippage from BingX: live order book, 6 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, 6 min ago | 4.78 bp | 29.2 bp −$29 | 125.1 bp −$1,251 | 665.6 bp −$66.6K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.82 bp | 47.6 bp −$48 | 242.6 bp −$2,426 | doesn't fit | doesn't fit |
AXL on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX AXL-USDTlong | +0.0070% | 4h | 0.05230 | long leg | — | $2.3M | — | |
| Aster AXLUSDT | +0.0100% | 4h | 0.05230 | +0.007% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05229 | −0.019% | $1.9M | $4.1M | 50x | as long as short |
| Bybit AXLUSDTshort | +0.0100% | 4h | 0.05229 | −0.019% | $1.5M | $1.9M | 25x | |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05230 | 0.000% | $342K | $160K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05232 | +0.038% | $438K | $94K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05229 | −0.019% | $573K | $298K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05232 | +0.044% | $6K | $24K | — | as long as short |
| BloFin AXL-USDT | +0.0137% | 4h | 0.05226 | −0.076% | $124K | $12K | 50x | as long as short |
Aster AXLUSDT
Binance AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL
BloFin AXL-USDT