Funding you earn now, next payment 04:00 UTC+0.1025%/8h= +112.3% APRnext payment +$5.13 per $10,000 · paid last 24h +0.086%
Price spread now: Binance against Bybit+0.073%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1911.913% of the position
Funding, last 7 days+0.220%+$22 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.073%, 7d avg +0.115%
=Funding pays, the price is against you. Binance is 0.042% cheaper against Bybit than usual: you would sell low and buy high (spread +0.073% now, against its 7-day average of +0.115%). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$31 a day). At the pace of the last 7 days (+0.220% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.220% in total (about 11.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.13 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 ACUUSDT | 0.1216 | 0.0100 | pay 0.0050% / 4h | 3h 16m | $830K | $588K | 13x |
| Short | Binance ACUUSDT | 0.1217 | 0.1125 | get 0.0563% / 4h | 3h 16m | $2.5M | $1.4M | 10x |
Bybit ACUUSDT
Binance ACUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $215.29
- Price spread: +0.073% → +0.115%
- −$4.21
- Slippage, 4 orders
- −$170.35
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $19.74
- Costs to cover
- 1.913%
- Break-even
- 6.4 days
Slippage from Bybit: live order book, 54 min ago; Binance: live order book, 4 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, 54 min ago | 2.90 bp | 48.1 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 1.64 bp | 40.7 bp −$41 | 202.1 bp −$2,021 | doesn't fit | doesn't fit |
ACU 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ACUUSDTlong | +0.0100% | 4h | 0.1216 | long leg | $830K | $588K | 13x | |
| OKX ACU-USDT-SWAP | +0.0100% | 4h | 0.1216 | +0.016% | $221K | $259K | 10x | as long as short |
| Gate ACU_USDT | +0.0100% | 4h | 0.1217 | +0.058% | $173K | $15K | 10x | as long as short |
| KuCoin ACUUSDTM | +0.0100% | 4h | 0.1215 | −0.107% | $562K | $31K | 10x | as long as short |
| SunX ACU-USDT | +0.0100% | 4h | 0.1215 | −0.123% | $2K | $1.1M | 20x | as long as short |
| Bitget ACUUSDT | +0.0784% | 4h | 0.1220 | +0.329% | $256K | $223K | 10x | as long as short |
| Aster ACUUSDT | +0.0903% | 4h | 0.1216 | −0.030% | $2K | $4K | 5x | as long as short |
| BingX ACU-USDT | +0.1060% | 4h | 0.1217 | +0.074% | — | $1.3M | — | as long as short |
| BloFin ACU-USDT | +0.1089% | 4h | 0.1217 | +0.090% | $118K | $60K | 10x | as long as short |
| MEXC ACU_USDT | +0.1120% | 4h | 0.1217 | +0.066% | $13.9M | $346K | 50x | as long as short |
OKX ACU-USDT-SWAP
Gate ACU_USDT
KuCoin ACUUSDTM
SunX ACU-USDT
Bitget ACUUSDT
Aster ACUUSDT
BingX ACU-USDT
BloFin ACU-USDT
MEXC ACU_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ACUUSDTshort | +0.1125% | 4h | 0.1217 | +0.073% | $2.5M | $1.4M | 10x |