Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.082%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1111.107% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.082%, 7d avg +0.097%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance AUCTIONUSDT | 3.6770 | 0.0100 | pay 0.0050% / 4h | 58m 23s | $2.4M | $1.5M | 50x |
| Short | Bybit AUCTIONUSDT | 3.6800 | 0.0100 | get 0.0050% / 4h | 58m 23s | $574K | $262K | 25x |
Binance AUCTIONUSDT
Bybit AUCTIONUSDTFunding 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: +0.082% → +0.097%
- −$1.54
- Slippage, 4 orders
- −$89.72
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$112.26
- Costs to cover
- 1.107%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Bybit: 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 Binance live order book, 7 min ago | 1.36 bp | 20.4 bp −$20 | 136.5 bp −$1,365 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 12 min ago | 5.46 bp | 33.1 bp −$33 | 60.4 bp −$604 | doesn't fit | doesn't fit |
AUCTION on 11 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_AUCTIONUSD | −0.0747% | 1h | 3.6762 | −0.022% | $8K | $263 | 10x | as long as short |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.6773 | +0.008% | $881 | $2K | 5x | as long as short |
| Binance AUCTIONUSDTlong | +0.0100% | 4h | 3.6770 | long leg | $2.4M | $1.5M | 50x | |
| Bybit AUCTIONUSDTshort | +0.0100% | 4h | 3.6800 | +0.082% | $574K | $262K | 25x | |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.6770 | 0.000% | $768K | $668K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.6740 | −0.082% | $100K | $64K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.6760 | −0.027% | $444K | $144K | 20x | as long as short |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.6760 | −0.027% | $372K | $116K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.6750 | −0.054% | $379K | $131K | 25x | as long as short |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.6780 | +0.027% | — | $7.9M | — | as long as short |
Kraken Futures PF_AUCTIONUSD
Aster AUCTIONUSDT
OKX AUCTION-USDT-SWAP
Gate AUCTION_USDT
MEXC AUCTION_USDT
KuCoin AUCTIONUSDTM
Bitget AUCTIONUSDT
BingX AUCTION-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AUCTION | +0.0100% | 4h | 3.6715 | −0.149% | $170 | $39 | — | as long as short |
Variational Omni AUCTION