Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BingX+0.036%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1201.196% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 7 days+0.009%+$1 · spread now +0.036%, 7d avg +0.072%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.036% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX USUAL-USDT | 0.01384 | 0.0100 | pay 0.0050% / 4h | 1h 35m | — | $1.2M | — |
| Short | Bybit USUALUSDT | 0.01384 | 0.0100 | get 0.0050% / 4h | 1h 35m | $1.0M | $743K | 25x |
BingX USUAL-USDT
Bybit USUALUSDTFunding 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
- $0
- Price spread: +0.036% → +0.072%
- −$3.6
- Slippage, 4 orders
- −$98.59
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$123.19
- Costs to cover
- 1.196%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Bybit: live order book, just now.
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, 9 min ago | 5.43 bp | 27.8 bp −$28 | 128.5 bp −$1,285 | 522.5 bp −$52.3K | 742.7 bp −$371.3K |
| Sell Bybit live order book, just now | 3.25 bp | 34.2 bp −$34 | 224.1 bp −$2,241 | doesn't fit | doesn't fit |
USUAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4981% | 1h | 0.01365 | −1.373% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0750% | 1h | 0.01384 | +0.005% | $113K | $18K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01385 | +0.072% | $396K | $178K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01384 | −0.001% | $2.2M | $3.2M | 50x | as long as short |
| Bybit USUALUSDTshort | +0.0100% | 4h | 0.01384 | +0.036% | $1.0M | $743K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01384 | 0.000% | $935K | $102K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01384 | −0.036% | $6.0M | $228K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01384 | 0.000% | $272K | $56K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01385 | +0.072% | $828K | $375K | 50x | as long as short |
| BingX USUAL-USDTlong | +0.0100% | 4h | 0.01384 | long leg | — | $1.2M | — |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Binance USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01384 | −0.023% | $10K | $208 | — | as long as short |
Variational Omni USUAL