Funding you earn now, next payment 04:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.31 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against BingX−0.028%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$850.850% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now −0.028%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.043% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BANK-USDT | 0.03520 | 0.0162 | pay 0.0081% / 4h | 3h 33m | — | $6.9M | — |
| Short | Bybit BANKUSDT | 0.03519 | 0.0100 | get 0.0050% / 4h | 3h 33m | $2.9M | $6.7M | 20x |
BingX BANK-USDT
Bybit BANKUSDTFunding 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
- −$13.02
- Price spread: −0.028% → +0.015%
- −$4.31
- Slippage, 4 orders
- −$64.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$102.35
- Costs to cover
- 0.850%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 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, 4 min ago | 4.26 bp | 14.0 bp −$14 | 52.2 bp −$522 | 512.4 bp −$51.2K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.42 bp | 25.6 bp −$26 | 218.4 bp −$2,184 | doesn't fit | doesn't fit |
BANK on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BANKUSDT | +0.0100% | 4h | 0.03519 | −0.027% | $56K | $120K | 5x | as long as short |
| Binance BANKUSDT | +0.0100% | 4h | 0.03513 | −0.208% | $7.9M | $32.4M | 50x | as long as short |
| Bybit BANKUSDTshort | +0.0100% | 4h | 0.03519 | −0.028% | $2.9M | $6.7M | 20x | |
| Gate BANK_USDT | +0.0100% | 4h | 0.03521 | +0.028% | $720K | $1.4M | 10x | as long as short |
| MEXC BANK_USDT | +0.0100% | 4h | 0.03518 | −0.057% | $2.6M | $583K | 20x | as long as short |
| KuCoin BANKUSDTM | +0.0100% | 4h | 0.03520 | 0.000% | $1.2M | $184K | 50x | as long as short |
| HTX BANK-USDT | +0.0100% | 4h | 0.03518 | −0.057% | $36K | $273K | 20x | as long as short |
| edgeX BANKUSDC | +0.0106% | 4h | 0.03511 | −0.253% | $1K | $243K | 5x | as long as short |
| Bitget BANKUSDT | +0.0162% | 4h | 0.03520 | 0.000% | $2.8M | $3.4M | 25x | as long as short |
| BingX BANK-USDTlong | +0.0162% | 4h | 0.03520 | long leg | — | $6.9M | — |
Aster BANKUSDT
Binance BANKUSDT
Gate BANK_USDT
MEXC BANK_USDT
KuCoin BANKUSDTM
HTX BANK-USDT
edgeX BANKUSDC
Bitget BANKUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin BANK-USDT | +0.0340% | 4h | 0.03513 | −0.199% | $453K | $158K | 50x | as long as short |
BloFin BANK-USDT