Funding you earn now, next payment 00:00 UTC−0.0763%/8h= −83.5% APRnext payment −$3.81 per $10,000 · paid last 24h −0.051%
Price spread now: Bybit against BingX−0.074%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$315as in the Funding arb table
Net, price: spread back to 7d avg − costs−$315as in the Price arb table
costs, in and out, $10k−$3103.104% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.157%−$16 · spread now −0.074%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bybit is 0.045% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.81 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 PTB-USDT | 0.001214 | 0.0863 | pay 0.0431% / 4h | 2h 22m | — | $2.5M | — |
| Short | Bybit PTBUSDT | 0.001213 | 0.0100 | get 0.0050% / 4h | 2h 22m | $2.0M | $27.2M | 25x |
BingX PTB-USDT
Bybit PTBUSDTFunding 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
- −$160.19
- Price spread: −0.074% → −0.029%
- −$4.48
- Slippage, 4 orders
- −$289.4
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$475.06
- Costs to cover
- 3.104%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 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, 7 min ago | 2.46 bp | 25.9 bp −$26 | 93.8 bp −$938 | 719.6 bp −$72.0K | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.23 bp | 131.6 bp −$132 | 513.6 bp −$5,136 | doesn't fit | doesn't fit |
PTB on 10 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 PTBUSDTshort | +0.0100% | 4h | 0.001213 | −0.074% | $2.0M | $27.2M | 25x | |
| Variational Omni PTB | +0.0100% | 4h | 0.001217 | +0.207% | $26K | $55K | — | as long as short |
| BingX PTB-USDTlong | +0.0863% | 4h | 0.001214 | long leg | — | $2.5M | — | |
| Aster PTBUSDT | +0.0904% | 4h | 0.001217 | +0.206% | $74K | $1.0M | 5x | as long as short |
| MEXC PTB_USDT | +0.0918% | 4h | 0.001216 | +0.173% | $437K | $1.2M | 20x | as long as short |
| BloFin PTB-USDT | +0.0938% | 4h | 0.001221 | +0.610% | $520K | $1.0M | 20x | as long as short |
| Extended kPTB-USD | +0.0944% | 1h | 0.001216 | +0.176% | $4K | $45K | 5x | as long as short |
| Binance PTBUSDT | +0.0947% | 4h | 0.001214 | −0.008% | $9.0M | $183.4M | 20x | as long as short |
| KuCoin PTBUSDTM | +0.1282% | 4h | 0.001215 | +0.058% | $1.9M | $8.6M | 20x | as long as short |
| Gate PTB_USDT | +0.1830% | 4h | 0.001213 | −0.099% | $2.0M | $7.6M | 25x | as long as short |
Variational Omni PTB
Aster PTBUSDT
MEXC PTB_USDT
BloFin PTB-USDT
Extended kPTB-USD
Binance PTBUSDT
KuCoin PTBUSDTM
Gate PTB_USDT