Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit−0.089%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1471.467% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.065%−$6 · spread now −0.089%, 7d avg −0.084%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USUALUSDT | 0.01354 | 0.0100 | pay 0.0050% / 4h | 2h 09m | $998K | $936K | 25x |
| Short | BingX USUAL-USDT | 0.01353 | 0.0100 | get 0.0050% / 4h | 2h 09m | — | $1.2M | — |
Bybit USUALUSDT
BingX USUAL-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
- $0
- Price spread: −0.089% → −0.084%
- −$0.41
- Slippage, 4 orders
- −$125.68
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$147.09
- Costs to cover
- 1.467%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; BingX: live order book, 6 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, 6 min ago | 6.63 bp | 42.2 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 8.11 bp | 36.0 bp −$36 | 128.2 bp −$1,282 | 549.0 bp −$54.9K | 808.9 bp −$404.5K |
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 | −0.4964% | 1h | 0.01343 | −0.834% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0746% | 1h | 0.01353 | −0.106% | $110K | $23K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01353 | −0.096% | $386K | $230K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01353 | −0.132% | $2.1M | $3.5M | 50x | as long as short |
| Bybit USUALUSDTlong | +0.0100% | 4h | 0.01354 | long leg | $998K | $936K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01353 | −0.096% | $903K | $251K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01353 | −0.118% | $5.9M | $269K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01354 | −0.022% | $280K | $64K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01353 | −0.096% | $819K | $506K | 50x | as long as short |
| BingX USUAL-USDTshort | +0.0100% | 4h | 0.01353 | −0.089% | — | $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 | 0.01356 | +0.109% | $9K | $208 | — | as long as short |
Variational Omni USUAL