Funding you earn now, next payment 04:00 UTC−0.1819%/8h= −199.2% APRnext payment −$9.09 per $10,000 · paid last 24h −0.093%
Price spread now: Bybit against Binance−0.228%7-day average −0.260% · you buy dearer than you sell
Net, funding: paid 7d − costs−$525as in the Funding arb table
Net, price: spread back to 7d avg − costs−$546as in the Price arb table
costs, in and out, $10k−$5495.488% of the position
Funding, last 7 days+0.236%+$24 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.228%, 7d avg −0.260%
=The price spread pays, funding is against you. Bybit is 0.032% dearer against Binance than usual: you sell high and buy low (spread −0.228% now, against its 7-day average of −0.260%): +$3 on $10k if it goes back. Holding the pair costs −$55 a day in funding at the current rate, which eats that in about 1 hour. Mind the row above: over the last 7 days funding on this pair paid +0.236%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.236% in total (about 12.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.09 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 ARIAUSDT | 0.03375 | 0.1919 | pay 0.0959% / 4h | 2h 55m | $2.9M | $1.5M | 10x |
| Short | Bybit ARIAUSDT | 0.03367 | 0.0100 | get 0.0050% / 4h | 2h 55m | $918K | $263K | 25x |
Binance ARIAUSDT
Bybit ARIAUSDTFunding 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
- −$381.94
- Price spread: −0.228% → −0.260%
- $3.22
- Slippage, 4 orders
- −$527.75
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$927.47
- Costs to cover
- 5.488%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 10 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, 10 min ago | 1.47 bp | 36.5 bp −$36 | 252.4 bp −$2,524 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 10 min ago | 4.43 bp | 159.6 bp −$160 | doesn't fit | doesn't fit | doesn't fit |
ARIA on 9 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 ARIAUSDTshort | +0.0100% | 4h | 0.03367 | −0.228% | $918K | $263K | 25x | |
| KuCoin ARIAUSDTM | +0.0100% | 4h | 0.03371 | −0.109% | $334K | $56K | 10x | as long as short |
| Variational Omni ARIA | +0.0100% | 4h | 0.03366 | −0.258% | $119 | — | — | as long as short |
| Gate ARIA_USDT | +0.0714% | 4h | 0.03374 | −0.021% | $206K | $56K | 10x | as long as short |
| Bitget ARIAUSDT | +0.1122% | 4h | 0.03375 | +0.009% | $869K | $58K | 10x | as long as short |
| Aster ARIAUSDT | +0.1689% | 4h | 0.03365 | −0.287% | $85K | $8K | 5x | as long as short |
| BingX ARIA-USDT | +0.1870% | 4h | 0.03367 | −0.228% | — | $2.4M | — | as long as short |
| Binance ARIAUSDTlong | +0.1919% | 4h | 0.03375 | long leg | $2.9M | $1.5M | 10x | |
| MEXC ARIA_USDT | +0.1928% | 4h | 0.03374 | −0.021% | $132K | $94K | 20x | as long as short |
KuCoin ARIAUSDTM
Variational Omni ARIA
Gate ARIA_USDT
Bitget ARIAUSDT
Aster ARIAUSDT
BingX ARIA-USDT
MEXC ARIA_USDT