Funding you earn now, next payment 04:00 UTC−0.0314%/8h= −34.4% APRnext payment −$1.57 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.028%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$490as in the Funding arb table
Net, price: spread back to 7d avg − costs−$494as in the Price arb table
costs, in and out, $10k−$4904.898% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.028%, 7d avg +0.011%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.039% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.57 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 | Binance ALPINEUSDT | 0.3558 | 0.0414 | pay 0.0207% / 4h | 2h 10m | $1.6M | $772K | 10x |
| Short | Bybit ALPINEUSDT | 0.3557 | 0.0100 | get 0.0050% / 4h | 2h 10m | $157K | $29K | 25x |
Binance ALPINEUSDT
Bybit ALPINEUSDTFunding 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
- −$65.91
- Price spread: −0.028% → +0.011%
- −$3.87
- Slippage, 4 orders
- −$468.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$559.62
- Costs to cover
- 4.898%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; Bybit: live order book, 39 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, 8 min ago | 2.82 bp | 48.9 bp −$49 | 830.2 bp −$8,302 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 39 min ago | 14.08 bp | 251.2 bp −$251 | doesn't fit | doesn't fit | doesn't fit |
ALPINE on 7 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 ALPINEUSDTshort | +0.0100% | 4h | 0.3557 | −0.028% | $157K | $29K | 25x | |
| Variational Omni ALPINE | +0.0100% | 4h | 0.3560 | +0.053% | $5K | $1 | — | as long as short |
| BingX ALPINE-USDT | +0.0398% | 4h | 0.3559 | +0.028% | — | $1.2M | — | as long as short |
| Binance ALPINEUSDTlong | +0.0414% | 4h | 0.3558 | long leg | $1.6M | $772K | 10x | |
| MEXC ALPINE_USDT | +0.0418% | 4h | 0.3559 | +0.028% | $172K | $103K | 50x | as long as short |
| Gate ALPINE_USDT | +0.0431% | 8h | 0.3560 | +0.056% | $69K | $20K | 25x | as long as short |
| KuCoin ALPINEUSDTM | +0.0832% | 4h | 0.3558 | 0.000% | $232K | $539K | 10x | as long as short |
Variational Omni ALPINE
BingX ALPINE-USDT
MEXC ALPINE_USDT
Gate ALPINE_USDT
KuCoin ALPINEUSDTM