Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.050%7-day average −0.149% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,532as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,513as in the Price arb table
costs, in and out, $10k−$1,53215.324% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.188%−$19 · spread now +0.050%, 7d avg −0.149%
=The price spread pays, funding is against you. Bybit is 0.198% dearer against Binance than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.149%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance AIOUSDT | 0.03889 | 0.0132 | pay 0.0066% / 4h | 2h 55m | $3.1M | $2.1M | 50x |
| Short | Bybit AIOUSDT | 0.03891 | 0.0100 | get 0.0050% / 4h | 2h 55m | $576K | $75K | 5x |
Binance AIOUSDT
Bybit AIOUSDTFunding 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
- −$6.76
- Price spread: +0.050% → −0.149%
- $19.85
- Slippage, 4 orders
- −$1,511.42
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,519.33
- Costs to cover
- 15.324%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: 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 Binance live order book, 10 min ago | 2.51 bp | 32.8 bp −$33 | 206.1 bp −$2,061 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 6.36 bp | 839.5 bp −$839 | doesn't fit | doesn't fit | doesn't fit |
AIO on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster AIOUSDT | +0.0100% | 4h | 0.03892 | +0.087% | $21K | $20K | 5x | as long as short |
| Bybit AIOUSDTshort | +0.0100% | 4h | 0.03891 | +0.050% | $576K | $75K | 5x | |
| KuCoin AIOUSDTM | +0.0100% | 4h | 0.03884 | −0.130% | $793K | $53K | 30x | as long as short |
| Bitget AIOUSDT | +0.0100% | 4h | 0.03881 | −0.207% | $1.2M | $387K | 50x | as long as short |
| MEXC AIO_USDT | +0.0132% | 4h | 0.03890 | +0.024% | $224K | $120K | 50x | as long as short |
| Binance AIOUSDTlong | +0.0132% | 4h | 0.03889 | long leg | $3.1M | $2.1M | 50x | |
| BingX AIO-USDT | +0.0146% | 4h | 0.03897 | +0.204% | — | $6.6M | — | as long as short |
| Gate AIO_USDT | +0.0240% | 4h | 0.03881 | −0.207% | $455K | $142K | 20x | as long as short |
Aster AIOUSDT
KuCoin AIOUSDTM
Bitget AIOUSDT
MEXC AIO_USDT
BingX AIO-USDT
Gate AIO_USDT