Funding you earn now, next payment 08:00 UTC−0.0428%/8h= −46.9% APRnext payment −$2.14 per $10,000 · paid last 24h −0.188%
Price spread now: Bybit against BingX−0.061%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$399as in the Funding arb table
Net, price: spread back to 7d avg − costs−$364as in the Price arb table
costs, in and out, $10k−$3593.594% of the position
Funding, last 7 days−0.398%−$40 on $10k
+Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.061%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bybit is 0.046% cheaper against BingX than usual: you would sell low and buy high (−$5 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 KGEN-USDT | 0.1633 | 0.0528 | pay 0.0264% / 4h | 3h 54m | — | $6.6M | — |
| Short | Bybit KGENUSDT | 0.1632 | 0.0100 | get 0.0050% / 4h | 3h 54m | $751K | $314K | 20x |
BingX KGEN-USDT
Bybit KGENUSDTFunding 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
- −$89.88
- Price spread: −0.061% → −0.015%
- −$4.64
- Slippage, 4 orders
- −$338.35
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$453.87
- Costs to cover
- 3.594%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Bybit: live order book, 61 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, 8 min ago | 12.23 bp | 43.9 bp −$44 | 126.0 bp −$1,260 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 61 min ago | 6.22 bp | 119.1 bp −$119 | doesn't fit | doesn't fit | doesn't fit |
KGEN on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit KGENUSDTshort | +0.0100% | 4h | 0.1632 | −0.061% | $751K | $314K | 20x | |
| OKX KGEN-USDT-SWAP | +0.0100% | 4h | 0.1631 | −0.122% | $198K | $120K | 10x | as long as short |
| KuCoin KGENUSDTM | +0.0100% | 4h | 0.1633 | +0.006% | $747K | $1.7M | 50x | as long as short |
| Variational Omni KGEN | +0.0100% | 4h | 0.1632 | −0.048% | $5K | $1K | — | as long as short |
| SunX KGEN-USDT | +0.0100% | 4h | 0.1629 | −0.227% | $2K | $848K | 20x | as long as short |
| Bitget KGENUSDT | +0.0404% | 4h | 0.1634 | +0.073% | $1.7M | $174K | 50x | as long as short |
| BingX KGEN-USDTlong | +0.0528% | 4h | 0.1633 | long leg | — | $6.6M | — | |
| BloFin KGEN-USDT | +0.0549% | 4h | 0.1630 | −0.184% | $225K | $19K | 50x | as long as short |
| MEXC KGEN_USDT | +0.0578% | 4h | 0.1632 | −0.061% | $465K | $100K | 50x | as long as short |
| Binance KGENUSDT | +0.0579% | 4h | 0.1632 | −0.061% | $5.0M | $837K | 50x | as long as short |
OKX KGEN-USDT-SWAP
KuCoin KGENUSDTM
Variational Omni KGEN
SunX KGEN-USDT
Bitget KGENUSDT
BloFin KGEN-USDT
MEXC KGEN_USDT
Binance KGENUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate KGEN_USDT | +0.0828% | 4h | 0.1629 | −0.239% | $1.5M | $83K | 50x | as long as short |
| Aster KGENUSDT | +0.1008% | 4h | 0.1630 | −0.186% | $20K | $4K | 5x | as long as short |
Gate KGEN_USDT
Aster KGENUSDT