Funding you earn now, next payment 00:00 UTC+0.2248%/8h= +246.1% APRnext payment +$11.24 per $10,000 · paid last 24h −0.123%
Price spread now: Bybit against Binance−0.059%7-day average −0.192% · you buy dearer than you sell
Net, funding: paid 7d − costs−$253as in the Funding arb table
Net, price: spread back to 7d avg − costs−$223as in the Price arb table
costs, in and out, $10k−$2362.360% of the position
Funding, last 7 days−0.174%−$17 on $10k
+Price spread, last 7 days−0.071%−$7 · spread now −0.059%, 7d avg −0.192%
=Both sides work for this trade now. Funding pays +$67 a day on $10k at the current rate, and Bybit is 0.133% dearer against Binance than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.192%. Mind the row above: over the last 7 days funding on this pair cost −0.174%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.174% in total (about -9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.24 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 ARCUSDT | 0.07884 | 0.1067 | pay 0.0534% / 4h | 2h 41m | $24.4M | $7.2M | 20x |
| Short | Bybit ARCUSDT | 0.07879 | 0.3315 | get 0.1657% / 4h | 2h 41m | $2.8M | $4.4M | 13x |
Binance ARCUSDT
Bybit ARCUSDTFunding 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
- $472.06
- Price spread: −0.059% → −0.192%
- $13.34
- Slippage, 4 orders
- −$214.99
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $249.41
- Costs to cover
- 2.360%
- Break-even
- 3.3 days
Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 1 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, 15 min ago | 1.28 bp | 32.9 bp −$33 | 216.5 bp −$2,165 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.90 bp | 62.6 bp −$63 | 334.4 bp −$3,344 | doesn't fit | doesn't fit |
ARC 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARCUSD | −0.0094% | 1h | 0.07852 | −0.400% | $49K | $79K | 20x | as long as short |
| Lighter ARC | +0.0096% | 1h | 0.07866 | −0.219% | $43K | $2K | 3x | as long as short |
| Gate ARC_USDT | +0.0100% | 4h | 0.07873 | −0.135% | $3.1M | $333K | 20x | as long as short |
| SunX ARC-USDT | +0.0100% | 4h | 0.07874 | −0.122% | $2K | $1.5M | 20x | as long as short |
| Bitget ARCUSDT | +0.0948% | 4h | 0.07889 | +0.068% | $1.7M | $532K | 10x | as long as short |
| KuCoin ARCUSDTM | +0.1010% | 4h | 0.07883 | −0.004% | $1.3M | $1.8M | 20x | as long as short |
| Extended ARC-USD | +0.1056% | 1h | 0.07883 | −0.006% | $30K | $118K | 5x | as long as short |
| Binance ARCUSDTlong | +0.1067% | 4h | 0.07884 | long leg | $24.4M | $7.2M | 20x | |
| BloFin ARC-USDT | +0.1094% | 4h | 0.07851 | −0.414% | $1.2M | $61K | 20x | as long as short |
| Aster ARCUSDT | +0.1658% | 4h | 0.07861 | −0.286% | $20K | $16K | 5x | as long as short |
Kraken Futures PF_ARCUSD
Lighter ARC
Gate ARC_USDT
SunX ARC-USDT
Bitget ARCUSDT
KuCoin ARCUSDTM
Extended ARC-USD
BloFin ARC-USDT
Aster ARCUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ARC-USDT | +0.3036% | 4h | 0.07882 | −0.021% | — | $1.7M | — | as long as short |
| Bybit ARCUSDTshort | +0.3315% | 4h | 0.07879 | −0.059% | $2.8M | $4.4M | 13x |
BingX ARC-USDT