Funding you earn now, next payment 12:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against Bybit−0.057%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1331.329% of the position
Funding, last 7 days−0.295%−$30 on $10k
+Price spread, last 7 days−0.013%−$1 · spread now −0.057%, 7d avg −0.088%
=The price spread pays, funding is against you. BingX is 0.031% dearer against Bybit than usual: you sell high and buy low (spread −0.057% now, against its 7-day average of −0.088%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.4 days. At the pace of the last 7 days (−0.295% in total) that is about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AXLUSDT | 0.05238 | 0.0100 | pay 0.0050% / 4h | 2h 59m | $1.5M | $1.2M | 25x |
| Short | BingX AXL-USDT | 0.05235 | 0.0070 | get 0.0035% / 4h | 2h 59m | — | $2.3M | — |
Bybit AXLUSDT
BingX AXL-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
- −$6.3
- Price spread: −0.057% → −0.088%
- $3.07
- Slippage, 4 orders
- −$111.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$136.11
- Costs to cover
- 1.329%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 9 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, 2 min ago | 3.81 bp | 41.4 bp −$41 | 206.9 bp −$2,069 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 4.77 bp | 31.5 bp −$32 | 144.3 bp −$1,443 | 629.3 bp −$62.9K | 880.7 bp −$440.3K |
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-USDTshort | +0.0070% | 4h | 0.05235 | −0.057% | — | $2.3M | — | |
| BloFin AXL-USDT | +0.0080% | 4h | 0.05241 | +0.057% | $115K | $9K | 50x | as long as short |
| Aster AXLUSDT | +0.0100% | 4h | 0.05233 | −0.087% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05236 | −0.038% | $1.8M | $2.7M | 50x | as long as short |
| Bybit AXLUSDTlong | +0.0100% | 4h | 0.05238 | long leg | $1.5M | $1.2M | 25x | |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05236 | −0.038% | $318K | $144K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05236 | −0.038% | $452K | $70K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05234 | −0.076% | $564K | $306K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05243 | +0.086% | $6K | $23K | — | as long as short |
BloFin AXL-USDT
Aster AXLUSDT
Binance AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL