Funding you earn now, next payment 04:00 UTC+0.1612%/8h= +176.5% APRnext payment +$8.06 per $10,000 · paid last 24h +0.163%
Price spread now: BingX against Bybit−0.014%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1281.277% of the position
Funding, last 7 days+0.339%+$34 on $10k
+Price spread, last 7 days+0.157%+$16 · spread now −0.014%, 7d avg +0.040%
=Funding pays, the price is against you. BingX is 0.054% cheaper against Bybit than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.040%). If the spread goes back, that is −$5 on $10k: about 3 hours of funding at the current rate (+$48 a day). At the pace of the last 7 days (+0.339% in total) that is about 27 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.339% in total (about 17.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.06 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 MUSDT | 1.4416 | 0.0100 | pay 0.0050% / 4h | 3h 07m | $4.5M | $2.0M | 20x |
| Short | BingX M-USDT | 1.4414 | 0.1712 | get 0.0856% / 4h | 3h 07m | — | $2.4M | — |
Bybit MUSDT
BingX M-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
- $338.52
- Price spread: −0.014% → +0.040%
- −$5.44
- Slippage, 4 orders
- −$106.73
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $205.35
- Costs to cover
- 1.277%
- Break-even
- 2.8 days
Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 12 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, 5 min ago | 3.82 bp | 41.0 bp −$41 | 451.1 bp −$4,511 | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 7.99 bp | 26.4 bp −$26 | 59.1 bp −$591 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDTlong | +0.0100% | 4h | 1.4416 | long leg | $4.5M | $2.0M | 20x | |
| Gate M_USDT | +0.0100% | 8h | 1.4383 | −0.229% | $1.9M | $894K | 10x | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4432 | +0.111% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4448 | +0.222% | $2K | $654K | 20x | as long as short |
| Variational Omni M | +0.0119% | 4h | 1.4407 | −0.062% | $90K | $43K | — | as long as short |
| Bitget MUSDT | +0.0276% | 4h | 1.4412 | −0.028% | $1.9M | $258K | 10x | as long as short |
| Aster MUSDT | +0.1427% | 4h | 1.4411 | −0.035% | $15K | $115K | 5x | as long as short |
| BingX M-USDTshort | +0.1712% | 4h | 1.4414 | −0.014% | — | $2.4M | — | |
| BloFin M-USDT | +0.1766% | 4h | 1.4440 | +0.166% | $355K | $427K | 10x | as long as short |
| MEXC M_USDT | +0.1820% | 4h | 1.4416 | 0.000% | $242K | $113K | 50x | as long as short |
Gate M_USDT
Orderly PERP_M_USDC
SunX M-USDT
Variational Omni M
Bitget MUSDT
Aster MUSDT
BloFin M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDT | +0.1836% | 4h | 1.4410 | −0.041% | $5.6M | $4.1M | 10x | as long as short |
| KuCoin MUSDTM | +0.3730% | 4h | 1.4300 | −0.807% | $1.4M | $4.1M | 10x | as long as short |
Binance MUSDT
KuCoin MUSDTM