Funding you earn now, next payment 08:00 UTC+0.0457%/8h= +50.0% APRnext payment +$2.28 per $10,000 · paid last 24h +0.095%
Price spread now: BingX against Bybit+0.220%7-day average +0.129% · you sell dearer than you buy
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$181as in the Price arb table
costs, in and out, $10k−$1901.905% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.220%, 7d avg +0.129%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and BingX is 0.091% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.129%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BTWUSDT | 0.8180 | 0.0476 | pay 0.0238% / 4h | 3h 49m | $15.9M | $41.7M | 10x |
| Short | BingX BTW-USDT | 0.8198 | 0.0932 | get 0.0466% / 4h | 3h 49m | — | $4.4M | — |
Bybit BTWUSDT
BingX BTW-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
- $95.89
- Price spread: +0.220% → +0.129%
- $9.1
- Slippage, 4 orders
- −$169.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$85.49
- Costs to cover
- 1.905%
- Break-even
- 13.2 days
Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 10 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, 4 min ago | 2.57 bp | 72.0 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 6.01 bp | 29.6 bp −$30 | 96.2 bp −$962 | 727.8 bp −$72.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDT | +0.0100% | 4h | 0.8186 | +0.076% | $3.4M | $17.9M | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.8191 | +0.130% | $7.3M | $4.9M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.8192 | +0.146% | $209K | $787K | 10x | as long as short |
| Bybit BTWUSDTlong | +0.0476% | 4h | 0.8180 | long leg | $15.9M | $41.7M | 10x | |
| Bitget BTWUSDT | +0.0650% | 4h | 0.8197 | +0.205% | $25.8M | $15.2M | 5x | as long as short |
| Aster BTWUSDT | +0.0679% | 4h | 0.8193 | +0.153% | $2.2M | $3.2M | 5x | as long as short |
| BingX BTW-USDTshort | +0.0932% | 4h | 0.8198 | +0.220% | — | $4.4M | — | |
| MEXC BTW_USDT | +0.0972% | 4h | 0.8197 | +0.208% | $9.4M | $6.4M | 20x | as long as short |
| edgeX BTWUSDC | +0.0978% | 4h | 0.8177 | −0.038% | $337K | $504K | 10x | as long as short |
| Binance BTWUSDT | +0.0981% | 4h | 0.8189 | +0.109% | $114.2M | $181.1M | 10x | as long as short |
Gate BTW_USDT
KuCoin BTWUSDTM
HTX BTW-USDT
Bitget BTWUSDT
Aster BTWUSDT
MEXC BTW_USDT
edgeX BTWUSDC
Binance BTWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BTW-USD | +0.0984% | 1h | 0.8187 | +0.090% | $35K | $15K | 5x | as long as short |
Extended BTW-USD