Funding you earn now, next payment 00:00 UTC+0.0987%/8h= +108.1% APRnext payment +$4.94 per $10,000 · paid last 24h +0.013%
Price spread now: Binance against Bybit+0.147%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1101.100% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.147%, 7d avg +0.073%
=Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Binance is 0.074% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.073%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.082% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.94 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 ALTUSDT | 0.007474 | −0.0887 | get 0.0444% / 4h | 2h 57m | $1.2M | $1.6M | 25x |
| Short | Binance ALTUSDT | 0.007485 | 0.0100 | get 0.0050% / 4h | 2h 57m | $2.6M | $3.5M | 50x |
Bybit ALTUSDT
Binance ALTUSDTFunding 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
- $207.32
- Price spread: +0.147% → +0.073%
- $7.41
- Slippage, 4 orders
- −$88.97
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $104.77
- Costs to cover
- 1.100%
- Break-even
- 3.5 days
Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 9 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, 4 min ago | 4.68 bp | 34.1 bp −$34 | 257.2 bp −$2,572 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.34 bp | 20.5 bp −$20 | 91.4 bp −$914 | doesn't fit | doesn't fit |
ALT on 14 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 ALTUSDTlong | −0.0887% | 4h | 0.007474 | long leg | $1.2M | $1.6M | 25x | |
| Deribit ALT_USDC-PERPETUAL | −0.0418% | 1h | 0.007482 | +0.107% | — | $0 | 25x | as long as short |
| Variational Omni ALT | −0.0412% | 4h | 0.007477 | +0.042% | $4K | $12K | — | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007381 | −1.244% | $815 | $4K | 5.5x | as long as short |
| BloFin ALT-USDT | +0.0061% | 4h | 0.007477 | +0.040% | $173K | $9K | 50x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007482 | +0.107% | $1.1M | $187K | 3x | as long as short |
| Binance ALTUSDTshort | +0.0100% | 4h | 0.007485 | +0.147% | $2.6M | $3.5M | 50x | |
| Gate ALT_USDT | +0.0100% | 8h | 0.007485 | +0.147% | $51K | $413K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007484 | +0.134% | $399K | $194K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007480 | +0.080% | $150K | $22K | 30x | as long as short |
Deribit ALT_USDC-PERPETUAL
Variational Omni ALT
Injective ALT/USDC PERP
BloFin ALT-USDT
Hyperliquid ALT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ALTUSDT | +0.0100% | 4h | 0.007478 | +0.054% | $615K | $103K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007484 | +0.134% | — | $1.3M | — | as long as short |
| Kraken Futures PF_ALTUSD | +0.0200% | 1h | 0.007496 | +0.296% | $44K | $8K | 10x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0384% | 1h | 0.007512 | +0.508% | $14K | $2K | 50x | as long as short |
Bitget ALTUSDT
BingX ALT-USDT
Kraken Futures PF_ALTUSD
Coinbase International ALT-PERP-INTX