Funding you earn now, next payment 08:00 UTC−0.0219%/8h= −24.0% APRnext payment −$1.09 per $10,000 · paid last 24h −0.108%
Price spread now: Bybit against BingX+0.043%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$580as in the Funding arb table
Net, price: spread back to 7d avg − costs−$567as in the Price arb table
costs, in and out, $10k−$5655.649% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.043%, 7d avg +0.065%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.023% cheaper against BingX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.065%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX GWEI-USDT | 0.02347 | 0.0320 | pay 0.0160% / 4h | 3h 01m | — | $1.6M | — |
| Short | Bybit GWEIUSDT | 0.02348 | 0.0101 | get 0.0051% / 4h | 3h 01m | $391K | $250K | 25x |
BingX GWEI-USDT
Bybit GWEIUSDTFunding 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
- −$45.98
- Price spread: +0.043% → +0.065%
- −$2.25
- Slippage, 4 orders
- −$543.88
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$613.11
- Costs to cover
- 5.649%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; Bybit: live order book, 43 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, 15 min ago | 6.18 bp | 30.9 bp −$31 | 106.5 bp −$1,065 | 630.9 bp −$63.1K | 973.3 bp −$486.6K |
| Sell Bybit live order book, 43 min ago | 4.13 bp | 219.8 bp −$220 | doesn't fit | doesn't fit | doesn't fit |
GWEI 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 GWEI_USDT | +0.0100% | 4h | 0.02338 | −0.379% | $397K | $530K | 10x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02423 | +3.241% | $5K | $1K | — | as long as short |
| Bybit GWEIUSDTshort | +0.0101% | 4h | 0.02348 | +0.043% | $391K | $250K | 25x | |
| KuCoin GWEIUSDTM | +0.0120% | 4h | 0.02345 | −0.089% | $460K | $30K | 20x | as long as short |
| Bitget GWEIUSDT | +0.0204% | 4h | 0.02343 | −0.170% | $1.9M | $422K | 20x | as long as short |
| BloFin GWEI-USDT | +0.0274% | 4h | 0.02417 | +2.983% | $132K | $39K | 50x | as long as short |
| Extended GWEI-USD | +0.0304% | 1h | 0.02343 | −0.164% | $7K | $233K | 5x | as long as short |
| MEXC GWEI_USDT | +0.0306% | 4h | 0.02346 | −0.043% | $125K | $91K | 20x | as long as short |
| Binance GWEIUSDT | +0.0308% | 4h | 0.02346 | −0.046% | $2.7M | $4.7M | 50x | as long as short |
| BingX GWEI-USDTlong | +0.0320% | 4h | 0.02347 | long leg | — | $1.6M | — |
Gate GWEI_USDT
Variational Omni GWEI
KuCoin GWEIUSDTM
Bitget GWEIUSDT
BloFin GWEI-USDT
Extended GWEI-USD
MEXC GWEI_USDT
Binance GWEIUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1008% | 4h | 0.02347 | −0.006% | $20K | $29K | 10x | as long as short |
Aster GWEIUSDT