Funding you earn now, next payment 04:00 UTC−0.0819%/8h= −89.7% APRnext payment −$4.10 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.120%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$442as in the Funding arb table
Net, price: spread back to 7d avg − costs−$447as in the Price arb table
costs, in and out, $10k−$4394.389% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.120%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Binance is 0.083% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.037%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.10 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 ATUSDT | 0.1578 | 0.0919 | pay 0.0460% / 4h | 3h 42m | $482K | $826K | 25x |
| Short | Binance ATUSDT | 0.1576 | 0.0100 | get 0.0050% / 4h | 3h 42m | $8.7M | $3.3M | 50x |
Bybit ATUSDT
Binance ATUSDTFunding 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
- −$172
- Price spread: −0.120% → −0.037%
- −$8.34
- Slippage, 4 orders
- −$417.92
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$619.27
- Costs to cover
- 4.389%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 27 min ago; Binance: live order book, 12 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, 27 min ago | 7.32 bp | 193.2 bp −$193 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 3.17 bp | 36.2 bp −$36 | 186.6 bp −$1,866 | doesn't fit | doesn't fit |
AT 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ATUSDT | +0.0100% | 4h | 0.1572 | −0.342% | $32K | $11K | 5x | as long as short |
| Binance ATUSDTshort | +0.0100% | 4h | 0.1576 | −0.120% | $8.7M | $3.3M | 50x | |
| Gate AT_USDT | +0.0100% | 4h | 0.1574 | −0.260% | $152K | $162K | 20x | as long as short |
| MEXC AT_USDT | +0.0100% | 4h | 0.1576 | −0.120% | $195K | $166K | 50x | as long as short |
| KuCoin ATUSDTM | +0.0100% | 4h | 0.1576 | −0.120% | $245K | $139K | 50x | as long as short |
| Bitget ATUSDT | +0.0100% | 4h | 0.1578 | +0.006% | $703K | $138K | 50x | as long as short |
| OKX AT-USDT-SWAP | +0.0147% | 4h | 0.1579 | +0.070% | $213K | $484K | 20x | as long as short |
| BloFin AT-USDT | +0.0159% | 4h | 0.1577 | −0.057% | $368K | $7K | 50x | as long as short |
| Bybit ATUSDTlong | +0.0919% | 4h | 0.1578 | long leg | $482K | $826K | 25x | |
| BingX AT-USDT | +0.1304% | 4h | 0.1576 | −0.120% | — | $6.5M | — | as long as short |
Aster ATUSDT
Gate AT_USDT
MEXC AT_USDT
KuCoin ATUSDTM
Bitget ATUSDT
OKX AT-USDT-SWAP
BloFin AT-USDT
BingX AT-USDT