Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%
Price spread now: Bybit against Binance−0.198%7-day average −0.170% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1171.165% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 7 days+0.104%+$10 · spread now −0.198%, 7d avg −0.170%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.028% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.170%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ATHUSDT | 0.005555 | 0.0100 | pay 0.0050% / 4h | 11m 43s | $3.4M | $3.8M | 50x |
| Short | Bybit ATHUSDT | 0.005544 | 0.0100 | get 0.0050% / 4h | 11m 43s | $4.4M | $2.3M | 25x |
Binance ATHUSDT
Bybit ATHUSDTFunding 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
- $0
- Price spread: −0.198% → −0.170%
- −$2.76
- Slippage, 4 orders
- −$95.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$119.29
- Costs to cover
- 1.165%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 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, 10 min ago | 0.90 bp | 29.0 bp −$29 | 104.3 bp −$1,043 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 4.51 bp | 30.0 bp −$30 | 123.6 bp −$1,236 | doesn't fit | doesn't fit |
ATH on 13 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_ATHUSD | −0.3581% | 1h | 0.005545 | −0.180% | $19K | $106K | 10x | as long as short |
| Variational Omni ATH | −0.0026% | 4h | 0.005554 | −0.014% | $186K | $94K | — | as long as short |
| dYdX ATH-USD | 0.0000% | 1h | 0.005554 | −0.014% | $11K | $16 | 5x | as long as short |
| OKX ATH-USDT-SWAP | +0.0074% | 4h | 0.005542 | −0.234% | $704K | $1.2M | 20x | as long as short |
| BloFin ATH-USDT | +0.0085% | 4h | 0.005559 | +0.072% | $170K | $68K | 75x | as long as short |
| Aster ATHUSDT | +0.0100% | 4h | 0.005555 | +0.005% | $4K | $38K | 5x | as long as short |
| Binance ATHUSDTlong | +0.0100% | 4h | 0.005555 | long leg | $3.4M | $3.8M | 50x | |
| Bybit ATHUSDTshort | +0.0100% | 4h | 0.005544 | −0.198% | $4.4M | $2.3M | 25x | |
| Gate ATH_USDT | +0.0100% | 4h | 0.005544 | −0.198% | $791K | $519K | 30x | as long as short |
| MEXC ATH_USDT | +0.0100% | 4h | 0.005557 | +0.036% | $9.0M | $588K | 50x | as long as short |
Kraken Futures PF_ATHUSD
Variational Omni ATH
dYdX ATH-USD
OKX ATH-USDT-SWAP
BloFin ATH-USDT
Aster ATHUSDT
Gate ATH_USDT
MEXC ATH_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ATHUSDTM | +0.0100% | 4h | 0.005550 | −0.090% | $567K | $78K | 30x | as long as short |
| Bitget ATHUSDT | +0.0100% | 4h | 0.005551 | −0.072% | $1.6M | $810K | 25x | as long as short |
| BingX ATH-USDT | +0.0100% | 4h | 0.005545 | −0.180% | — | $21.3M | — | as long as short |
KuCoin ATHUSDTM
Bitget ATHUSDT
BingX ATH-USDT