M

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0581%/8h= −63.6% APRnext payment −$2.90 per $10,000 · paid last 24h −0.170%

Price spread now: Bybit against BingX+0.169%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1211.210% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.360%−$36 on $10k

Price spread, last 7 days−0.266%−$27 · spread now +0.169%, 7d avg −0.036%

Together, before fees−0.626%−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.205% dearer against BingX than usual: you sell high and buy low (spread +0.169% now, against its 7-day average of −0.036%): +$20 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.360% in total) that is about 4.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.360% in total (about -18.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.90 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	BingX M-USDT	1.3626	0.0872	pay 0.0436% / 4h	1h 36m	—	$2.4M	—
Short	Bybit MUSDT	1.3649	0.0291	get 0.0146% / 4h	1h 36m	$4.2M	$1.8M	20x

Funding 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 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 BingXbpFee BybitbpOrdersPrice spread, now +0.169%Rate

Funding earned: −$121.98
Price spread: +0.169% → −0.036%: $20.48
Slippage, 4 orders: −$100.03
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$222.53
Costs to cover: 1.210%
Break-even: never at this rate

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	6.99 bp	17.9 bp −$18	62.2 bp −$622	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.84 bp	39.6 bp −$40	237.4 bp −$2,374	doesn't fit	doesn't fit

M 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
Gate M_USDT	+0.0100%	8h	1.3619	−0.051%	$1.8M	$907K	10x	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.3645	+0.139%	$2K	$510	10x	as long as short
SunX M-USDT	+0.0100%	4h	1.3646	+0.147%	$2K	$837K	20x	as long as short
Bybit MUSDTshort	+0.0291%	4h	1.3649	+0.169%	$4.2M	$1.8M	20x
Aster MUSDT	+0.0580%	4h	1.3602	−0.177%	$13K	$82K	5x	as long as short
BingX M-USDTlong	+0.0872%	4h	1.3626	long leg	—	$2.4M	—
Variational Omni M	+0.0890%	4h	1.3599	−0.197%	$91K	$50K	—	as long as short
MEXC M_USDT	+0.0914%	4h	1.3635	+0.066%	$233K	$108K	50x	as long as short
Binance MUSDT	+0.0914%	4h	1.3644	+0.133%	$5.4M	$3.9M	10x	as long as short
Bitget MUSDT	+0.0942%	4h	1.3587	−0.286%	$1.8M	$252K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin M-USDT	+0.0956%	4h	1.3624	−0.015%	$347K	$452K	10x	as long as short
KuCoin MUSDTM	+0.2448%	4h	1.3521	−0.767%	$1.4M	$3.8M	10x	as long as short