BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.44 per $10,000 · paid last 24h −0.019%

Price spread now: BingX against Bybit+0.024%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. BingX is 0.024% dearer against Bybit than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 7 days (−0.022% in total) that is about 7.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BTCUSDT	85,660.4	0.0100	pay 0.0100% / 8h	6h 21m	$5.30B	$9.74B	150x
Short	BingX BTC-USDT	85,680.6	0.0056	get 0.0056% / 8h	6h 21m	—	$1.56B	—

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BingXbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$9.24
Price spread: +0.024% → 0.000%: $2.36
Slippage, 4 orders: −$0.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$27.92
Costs to cover: 0.210%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 3 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, 3 min ago	0.01 bp	5.5 bp −$6	5.5 bp −$55	6.2 bp −$617	7.2 bp −$3,619
Sell BingX live order book, 3 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.1 bp −$513	5.8 bp −$2,877

BTC on 55 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
Phoenix BTC	−0.0144%	1h	85,785	+0.145%	$2.2M	$10.5M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,717	+0.066%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0064%	1h	85,698.4	+0.044%	$364K	$2.3M	50x	as long as short
dYdX BTC-USD	+0.0002%	1h	85,743.4	+0.097%	$16.8M	$21.0M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,713.9	+0.062%	$36.7M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0020%	1h	85,691	+0.036%	$340K	$26.9M	52x	as long as short
KuCoin XBTUSDTM	+0.0031%	8h	85,678.4	+0.021%	$901.6M	$754.3M	125x	as long as short
Aster BTCUSDT	+0.0038%	8h	85,700.7	+0.047%	$516.2M	$1.14B	200x	as long as short
RISEx BTC/USDC	+0.0044%	1h	85,729.6	+0.081%	$8.2M	$42.0M	25x	as long as short
Nado BTC-PERP	+0.0051%	1h	85,710.1	+0.058%	$22.6M	$227.4M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDTshort	+0.0056%	8h	85,680.6	+0.024%	—	$1.56B	—
Reya BTCRUSDPERP	+0.0058%	1h	85,714.6	+0.063%	$6.7M	$146.3M	40x	as long as short
Bitget BTCUSDT	+0.0070%	8h	85,638.6	−0.025%	$2.94B	$5.08B	150x	as long as short
HTX BTC-USDT	+0.0080%	8h	85,675	+0.017%	$2.27B	$947.4M	200x	as long as short
MEXC BTC_USDT	+0.0093%	8h	85,677.3	+0.020%	$5.06B	$5.73B	500x	as long as short
ApeX Omni BTCUSDT	+0.0094%	1h	85,762.3	+0.119%	$140.2M	$318.2M	100x	as long as short
Binance BTCUSDT	+0.0095%	8h	85,668.2	+0.009%	$9.33B	$24.29B	150x	as long as short
Deribit BTC-PERPETUAL	+0.0095%	1h	85,730.5	+0.082%	$894.7M	$1.54B	50x	as long as short
Lighter BTC	+0.0096%	1h	85,694.4	+0.040%	$170.3M	$991.1M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,706	+0.053%	$23.5M	$147.5M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,711	+0.059%	$8.4M	$51.9M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,691.6	+0.036%	$2.5M	$1.8M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,682	+0.025%	$202K	$7.5M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,681.6	+0.025%	$3.8M	$8.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,731	+0.082%	$3.76B	$4.98B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,745	+0.099%	$40.3M	$571.4M	50x	as long as short
Bybit BTCUSDTlong	+0.0100%	8h	85,660.4	long leg	$5.30B	$9.74B	150x
OKX BTC-USDT-SWAP	+0.0100%	8h	85,652.9	−0.009%	$2.54B	$12.34B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,707	+0.054%	$3.9M	$18.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,677.9	+0.020%	$7.2M	$97.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,744.8	+0.098%	$590.5M	$195.3M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,682.3	+0.026%	$5.59B	$10.55B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,667	+0.008%	$35.3M	$164.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,688	+0.032%	$156.6M	$555.8M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,744.1	+0.098%	$278.8M	$940.3M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,761.2	+0.118%	$215.2M	$166.3M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,792	+0.154%	$30.3M	$208.7M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,786	+0.147%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,718	+0.067%	$11.0M	$14.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,708	+0.056%	$187K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,695.3	+0.041%	$2.4M	$9.0M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,730	+0.081%	$186K	$708K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,698.3	+0.044%	$30.0M	$56.2M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,671	+0.012%	$2.9M	$6.6M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,693	+0.038%	$60.0M	$337.2M	40x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,678.5	+0.021%	$154.0M	$480.4M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	85,669.6	+0.011%	$44.1M	$227.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,710.6	+0.059%	—	$101.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,715.9	+0.065%	$131.3M	$5.15B	50x	as long as short
Hibachi BTC/USDT-P	+0.0136%	1h	85,824.4	+0.191%	$697K	$7.8M	30x	as long as short
Kraken Futures PF_XBTUSD	+0.0146%	1h	85,708.8	+0.057%	$188.3M	$963.0M	100x	as long as short
Aftermath Perps BTCUSD	+0.0168%	1h	85,749.8	+0.104%	$78K	$219K	20x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0203% / S −0.0189%	1h	85,714.5	+0.063%	$13.5M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0212%	8h	85,741	+0.094%	$10.0M	$769.9M	6.4x	as long as short
Perpl BTC	+0.0447%	43m	85,739	+0.092%	$513K	$20.6M	6.7x	as long as short