Funding you earn now, next payment 00:00 UTC−0.0145%/8h= −15.9% APRnext payment −$0.72 per $10,000 · paid last 24h +0.011%
Price spread now: Binance against Bybit−0.149%7-day average +0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$349as in the Funding arb table
Net, price: spread back to 7d avg − costs−$408as in the Price arb table
costs, in and out, $10k−$3833.827% of the position
Funding, last 7 days+0.336%+$34 on $10k
+Price spread, last 7 days+0.318%+$32 · spread now −0.149%, 7d avg +0.108%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.258% cheaper against Bybit than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.108%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.336%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ARXUSDT | 0.2010 | 0.0507 | pay 0.0253% / 4h | 1h 40m | $4.0M | $2.3M | 20x |
| Short | Binance ARXUSDT | 0.2007 | 0.0362 | get 0.0181% / 4h | 1h 40m | $5.5M | $11.0M | 20x |
Bybit ARXUSDT
Binance ARXUSDTFunding 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
- −$30.42
- Price spread: −0.149% → +0.108%
- −$25.76
- Slippage, 4 orders
- −$361.68
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$438.86
- Costs to cover
- 3.827%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 15 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, 3 min ago | 2.48 bp | 172.7 bp −$173 | 2578.3 bp −$25.8K | 80166.2 bp −$8.02M | doesn't fit |
| Sell Binance live order book, 15 min ago | 2.48 bp | 33.2 bp −$33 | 306.2 bp −$3,062 | doesn't fit | doesn't fit |
ARX on 10 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 ARX-USDT | +0.0094% | 4h | 0.2012 | +0.100% | $237K | $51K | 20x | as long as short |
| Gate ARX_USDT | +0.0100% | 4h | 0.2018 | +0.398% | $1.0M | $429K | 20x | as long as short |
| KuCoin ARXUSDTM | +0.0100% | 4h | 0.2004 | −0.303% | $706K | $671K | 20x | as long as short |
| OKX ARX-USDT-SWAP | +0.0141% | 4h | 0.2009 | −0.050% | $715K | $2.9M | 20x | as long as short |
| Bitget ARXUSDT | +0.0266% | 4h | 0.2009 | −0.065% | $1.9M | $1.7M | 20x | as long as short |
| BingX ARX-USDT | +0.0332% | 4h | 0.2009 | −0.050% | — | $1.7M | — | as long as short |
| MEXC ARX_USDT | +0.0352% | 4h | 0.2009 | −0.050% | $863K | $401K | 20x | as long as short |
| Binance ARXUSDTshort | +0.0362% | 4h | 0.2007 | −0.149% | $5.5M | $11.0M | 20x | |
| Bybit ARXUSDTlong | +0.0507% | 4h | 0.2010 | long leg | $4.0M | $2.3M | 20x | |
| Aster ARXUSDT | +0.0634% | 4h | 0.2011 | +0.057% | $101K | $72K | 10x | as long as short |
BloFin ARX-USDT
Gate ARX_USDT
KuCoin ARXUSDTM
OKX ARX-USDT-SWAP
Bitget ARXUSDT
BingX ARX-USDT
MEXC ARX_USDT
Aster ARXUSDT