Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −11.0% APRnext payment −$0.50 per $10,000 · paid last 24h −0.085%
Price spread now: Bybit against Binance−0.194%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$788as in the Funding arb table
Net, price: spread back to 7d avg − costs−$785as in the Price arb table
costs, in and out, $10k−$7747.744% of the position
Funding, last 7 days−0.136%−$14 on $10k
+Price spread, last 7 days+0.212%+$21 · spread now −0.194%, 7d avg −0.086%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.108% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.086%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance 4USDT | 0.02238 | 0.0239 | pay 0.0120% / 4h | 2h 41m | $8.7M | $10.3M | 20x |
| Short | Bybit 4USDT | 0.02234 | 0.0139 | get 0.0069% / 4h | 2h 41m | $3.0M | $1.6M | 5x |
Binance 4USDT
Bybit 4USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$21.03
- Price spread: −0.194% → −0.086%
- −$10.78
- Slippage, 4 orders
- −$753.39
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$806.2
- Costs to cover
- 7.744%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 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 Binance live order book, 13 min ago | 1.56 bp | 35.1 bp −$35 | 327.1 bp −$3,271 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 6.49 bp | 350.4 bp −$350 | 657.6 bp −$6,576 | doesn't fit | doesn't fit |
4 on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni 4 | +0.0100% | 4h | 0.02238 | −0.017% | $54K | $9K | — | as long as short |
| SunX 4-USDT | +0.0100% | 4h | 0.02235 | −0.136% | $2K | $953K | 20x | as long as short |
| Bybit 4USDTshort | +0.0139% | 4h | 0.02234 | −0.194% | $3.0M | $1.6M | 5x | |
| Binance 4USDTlong | +0.0239% | 4h | 0.02238 | long leg | $8.7M | $10.3M | 20x | |
| MEXC 4_USDT | +0.0242% | 4h | 0.02238 | −0.002% | $2.1M | $804K | 100x | as long as short |
| BingX 4-USDT | +0.0246% | 4h | 0.02237 | −0.060% | — | $1.4M | — | as long as short |
| Gate 4_USDT | +0.0292% | 4h | 0.02240 | +0.106% | $611K | $230K | 20x | as long as short |
| Aster 4USDT | +0.0400% | 4h | 0.02237 | −0.036% | $255K | $92K | 5x | as long as short |
| KuCoin 4USDTM | +0.0530% | 4h | 0.02237 | −0.046% | $934K | $13.2M | 20x | as long as short |
Variational Omni 4
SunX 4-USDT
MEXC 4_USDT
BingX 4-USDT
Gate 4_USDT
Aster 4USDT
KuCoin 4USDTM