Funding you earn now, next payment 08:00 UTC+0.0604%/8h= +66.1% APRpaid last 24h +0.045%
Price spread now: Bybit against Binance+0.179%7-day average +0.116% · you sell dearer than you buy
Net, funding: paid 7d − costs−$315as in the Funding arb table
Net, price: spread back to 7d avg − costs−$312as in the Price arb table
costs, in and out, $10k−$3193.187% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.179%, 7d avg +0.116%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Bybit is 0.063% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.116%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.039% in total (about 2.0% a year). A funding rate is set anew for every payment. 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 | Binance ALICEUSDT | 0.1450 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $2.3M | $2.7M | 50x |
| Short | Bybit ALICEUSDT | 0.1453 | 0.0704 | get 0.0704% / 8h | 3h 31m | $658K | $193K | 25x |
Binance ALICEUSDT
Bybit ALICEUSDTFunding 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
- $126.82
- Price spread: +0.179% → +0.116%
- $6.31
- Slippage, 4 orders
- −$297.71
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$185.58
- Costs to cover
- 3.187%
- Break-even
- 17.2 days
Slippage from Binance: live order book, 3 min ago; Bybit: live order book, 13 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, 3 min ago | 3.44 bp | 24.4 bp −$24 | 133.5 bp −$1,335 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 13 min ago | 7.22 bp | 135.5 bp −$136 | doesn't fit | doesn't fit | doesn't fit |
ALICE 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ALICE-USDT | +0.0043% | 4h | 0.1451 | +0.069% | $157K | $13K | 50x | as long as short |
| Aster ALICEUSDT | +0.0100% | 4h | 0.1450 | +0.004% | $9K | $537 | 5x | as long as short |
| Binance ALICEUSDTlong | +0.0100% | 4h | 0.1450 | long leg | $2.3M | $2.7M | 50x | |
| MEXC ALICE_USDT | +0.0100% | 4h | 0.1450 | 0.000% | $548K | $120K | 50x | as long as short |
| KuCoin ALICEUSDTM | +0.0100% | 4h | 0.1450 | 0.000% | $422K | $48K | 30x | as long as short |
| Bitget ALICEUSDT | +0.0100% | 4h | 0.1451 | +0.069% | $996K | $128K | 50x | as long as short |
| BingX ALICE-USDT | +0.0100% | 4h | 0.1451 | +0.069% | — | $1.3M | — | as long as short |
| Variational Omni ALICE | +0.0191% | 8h | 0.1453 | +0.196% | $478 | $477 | — | as long as short |
| Gate ALICE_USDT | +0.0335% | 8h | 0.1453 | +0.207% | $92K | $92K | 25x | as long as short |
| Bybit ALICEUSDTshort | +0.0704% | 8h | 0.1453 | +0.179% | $658K | $193K | 25x |
BloFin ALICE-USDT
Aster ALICEUSDT
MEXC ALICE_USDT
KuCoin ALICEUSDTM
Bitget ALICEUSDT
BingX ALICE-USDT
Variational Omni ALICE
Gate ALICE_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALICEUSD | +0.1145% | 1h | 0.1455 | +0.372% | $33K | $4K | 10x | as long as short |
Kraken Futures PF_ALICEUSD