Funding you earn now, next payment 08:00 UTC+0.0075%/8h= +8.3% APRnext payment +$0.38 per $10,000 · paid last 24h −0.010%
Price spread now: Bybit against Binance+0.054%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$507as in the Funding arb table
Net, price: spread back to 7d avg − costs−$502as in the Price arb table
costs, in and out, $10k−$5095.093% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 7 days−0.076%−$8 · spread now +0.054%, 7d avg −0.018%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.072% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance APRUSDT | 0.1484 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $6.8M | $5.1M | 50x |
| Short | Bybit APRUSDT | 0.1485 | 0.0175 | get 0.0088% / 4h | 2h 41m | $1.4M | $631K | 20x |
Binance APRUSDT
Bybit APRUSDTFunding 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
- $15.84
- Price spread: +0.054% → −0.018%
- $7.21
- Slippage, 4 orders
- −$488.31
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$486.26
- Costs to cover
- 5.093%
- Break-even
- 221.9 days
Slippage from Binance: live order book, 12 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, 12 min ago | 3.37 bp | 31.5 bp −$31 | 222.4 bp −$2,224 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 10.14 bp | 213.4 bp −$213 | doesn't fit | doesn't fit | doesn't fit |
APR on 12 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 APR-USDT | +0.0076% | 4h | 0.1483 | −0.067% | $288K | $110K | 50x | as long as short |
| Binance APRUSDTlong | +0.0100% | 4h | 0.1484 | long leg | $6.8M | $5.1M | 50x | |
| MEXC APR_USDT | +0.0100% | 4h | 0.1485 | +0.067% | $372K | $174K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1486 | +0.108% | $1K | $1.1M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1488 | +0.270% | $19K | $44K | 20x | as long as short |
| Bybit APRUSDTshort | +0.0175% | 4h | 0.1485 | +0.054% | $1.4M | $631K | 20x | |
| Bitget APRUSDT | +0.0200% | 4h | 0.1486 | +0.142% | $4.0M | $995K | 50x | as long as short |
| BingX APR-USDT | +0.0410% | 4h | 0.1486 | +0.135% | — | $1.4M | — | as long as short |
| OKX APR-USDT-SWAP | +0.0444% | 4h | 0.1485 | +0.067% | $1.3M | $2.5M | 20x | as long as short |
| Aster APRUSDT | +0.0797% | 4h | 0.1482 | −0.141% | $72K | $80K | 5x | as long as short |
BloFin APR-USDT
MEXC APR_USDT
SunX APR-USDT
HTX APR-USDT
Bitget APRUSDT
BingX APR-USDT
OKX APR-USDT-SWAP
Aster APRUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin APRUSDTM | +0.0874% | 4h | 0.1483 | −0.088% | $2.4M | $344K | 50x | as long as short |
| Gate APR_USDT | +0.1032% | 4h | 0.1482 | −0.155% | $701K | $204K | 25x | as long as short |
KuCoin APRUSDTM
Gate APR_USDT