Funding you earn now, next payment 00:00 UTC+0.0172%/8h= +18.8% APRnext payment +$0.86 per $10,000 · paid last 24h −0.128%
Price spread now: Bybit against BingX−0.009%7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$219as in the Funding arb table
Net, price: spread back to 7d avg − costs−$214as in the Price arb table
costs, in and out, $10k−$2252.255% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 7 days−0.131%−$13 · spread now −0.009%, 7d avg −0.124%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.116% dearer against BingX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.124%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BTW-USDT | 0.8939 | 0.2280 | pay 0.1140% / 4h | 2h 27m | — | $4.3M | — |
| Short | Bybit BTWUSDT | 0.8938 | 0.2452 | get 0.1226% / 4h | 2h 27m | $17.1M | $35.3M | 10x |
BingX BTW-USDT
Bybit BTWUSDTFunding 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
- $36.07
- Price spread: −0.009% → −0.124%
- $11.55
- Slippage, 4 orders
- −$204.48
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$177.86
- Costs to cover
- 2.255%
- Break-even
- 41.5 days
Slippage from BingX: live order book, 3 min ago; Bybit: live order book, 1 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, 3 min ago | 5.00 bp | 29.2 bp −$29 | 111.1 bp −$1,111 | 632.7 bp −$63.3K | doesn't fit |
| Sell Bybit live order book, 1 min ago | 6.34 bp | 82.0 bp −$82 | 349.0 bp −$3,490 | doesn't fit | doesn't fit |
BTW 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.8998 | +0.658% | $220K | $764K | 10x | as long as short |
| Gate BTW_USDT | +0.0350% | 4h | 0.8910 | −0.321% | $3.9M | $15.1M | 10x | as long as short |
| KuCoin BTWUSDTM | +0.1336% | 4h | 0.8921 | −0.202% | $8.2M | $4.6M | 10x | as long as short |
| Aster BTWUSDT | +0.1498% | 4h | 0.8937 | −0.027% | $2.4M | $2.6M | 5x | as long as short |
| Bitget BTWUSDT | +0.1622% | 4h | 0.8955 | +0.182% | $28.3M | $12.7M | 5x | as long as short |
| Extended BTW-USD | +0.1872% | 1h | 0.8946 | +0.078% | $43K | $13K | 5x | as long as short |
| MEXC BTW_USDT | +0.1874% | 4h | 0.8940 | +0.011% | $11.8M | $6.0M | 20x | as long as short |
| Binance BTWUSDT | +0.1876% | 4h | 0.8940 | +0.011% | $125.1M | $157.4M | 10x | as long as short |
| edgeX BTWUSDC | +0.1883% | 4h | 0.9002 | +0.703% | $372K | $492K | 10x | as long as short |
| BingX BTW-USDTlong | +0.2280% | 4h | 0.8939 | long leg | — | $4.3M | — |
HTX BTW-USDT
Gate BTW_USDT
KuCoin BTWUSDTM
Aster BTWUSDT
Bitget BTWUSDT
Extended BTW-USD
MEXC BTW_USDT
Binance BTWUSDT
edgeX BTWUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDTshort | +0.2452% | 4h | 0.8938 | −0.009% | $17.1M | $35.3M | 10x |