Funding you earn now, next payment 00:00 UTC−0.1261%/8h= −138.1% APRnext payment −$6.31 per $10,000 · paid last 24h −0.112%
Price spread now: Bybit against Binance+0.056%7-day average +0.245% · you sell dearer than you buy
Net, funding: paid 7d − costs−$211as in the Funding arb table
Net, price: spread back to 7d avg − costs−$239as in the Price arb table
costs, in and out, $10k−$2202.203% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 7 days−0.147%−$15 · spread now +0.056%, 7d avg +0.245%
=Both sides work against this trade now: funding costs −$38 a day on $10k at the current rate, and Bybit is 0.189% cheaper against Binance than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.245%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.094%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.094% in total (about 4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.31 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 | Binance AVAUSDT | 0.2460 | −0.1326 | get 0.0663% / 4h | 2h 40m | $3.6M | $10.9M | 25x |
| Short | Bybit AVAUSDT | 0.2461 | −0.2587 | pay 0.1293% / 4h | 2h 40m | $1.3M | $1.2M | 5x |
Binance AVAUSDT
Bybit AVAUSDTFunding 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
- −$264.82
- Price spread: +0.056% → +0.245%
- −$18.88
- Slippage, 4 orders
- −$199.28
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$503.98
- Costs to cover
- 2.203%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 5 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, 15 min ago | 2.04 bp | 27.7 bp −$28 | 138.3 bp −$1,383 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.04 bp | 77.2 bp −$77 | 365.2 bp −$3,652 | doesn't fit | doesn't fit |
AVA on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit AVAUSDTshort | −0.2587% | 4h | 0.2461 | +0.056% | $1.3M | $1.2M | 5x | |
| Gate AVA_USDT | −0.2378% | 4h | 0.2458 | −0.066% | $274K | $248K | 20x | as long as short |
| Variational Omni AVA | −0.1738% | 4h | 0.2460 | −0.004% | $9K | $7K | — | as long as short |
| Aster AVAUSDT | −0.1437% | 1h | 0.2461 | +0.064% | $12K | $46K | 5x | as long as short |
| Binance AVAUSDTlong | −0.1326% | 4h | 0.2460 | long leg | $3.6M | $10.9M | 25x | |
| MEXC AVA_USDT | −0.1324% | 4h | 0.2460 | +0.016% | $388K | $181K | 50x | as long as short |
| Bitget AVAUSDT | −0.1074% | 4h | 0.2455 | −0.188% | $368K | $930K | 25x | as long as short |
| BingX AVA-USDT | −0.0722% | 4h | 0.2460 | +0.016% | — | $1.5M | — | as long as short |
| KuCoin AVAUSDTM | −0.0694% | 4h | 0.2454 | −0.228% | $703K | $87K | 30x | as long as short |
Gate AVA_USDT
Variational Omni AVA
Aster AVAUSDT
MEXC AVA_USDT
Bitget AVAUSDT
BingX AVA-USDT
KuCoin AVAUSDTM