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: Binance against Bybit+0.012%7-day average −0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1051.052% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.012%, 7d avg −0.096%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.108% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.096%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AUCTIONUSDT | 3.6790 | 0.0100 | pay 0.0050% / 4h | 8m 16s | $576K | $268K | 25x |
| Short | Binance AUCTIONUSDT | 3.6794 | 0.0100 | get 0.0050% / 4h | 8m 16s | $2.4M | $1.5M | 50x |
Bybit AUCTIONUSDT
Binance AUCTIONUSDTFunding 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
- $0
- Price spread: +0.012% → −0.096%
- $10.78
- Slippage, 4 orders
- −$84.23
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$94.45
- Costs to cover
- 1.052%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 62 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, 62 min ago | 5.46 bp | 32.7 bp −$33 | 64.0 bp −$640 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.36 bp | 23.2 bp −$23 | 100.7 bp −$1,007 | 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 | −0.0746% | 1h | 3.6829 | +0.105% | $8K | $251 | 10x | as long as short |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.6764 | −0.072% | $881 | $2K | 5x | as long as short |
| Binance AUCTIONUSDTshort | +0.0100% | 4h | 3.6794 | +0.012% | $2.4M | $1.5M | 50x | |
| Bybit AUCTIONUSDTlong | +0.0100% | 4h | 3.6790 | long leg | $576K | $268K | 25x | |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.6790 | 0.000% | $771K | $675K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.6770 | −0.054% | $101K | $65K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.6790 | 0.000% | $444K | $147K | 20x | as long as short |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.6780 | −0.027% | $370K | $114K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.6790 | 0.000% | $375K | $132K | 25x | as long as short |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.6800 | +0.027% | — | $7.7M | — | 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 | 3.6755 | −0.096% | $170 | $38 | — | as long as short |
Variational Omni AUCTION