Funding you earn now, next payment 00:00 UTC+0.1038%/8h= +113.6% APRnext payment +$5.19 per $10,000 · paid last 24h +0.112%
Price spread now: Binance against Bybit−0.163%7-day average −0.245% · you buy dearer than you sell
Net, funding: paid 7d − costs−$207as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1981.976% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 7 days+0.253%+$25 · spread now −0.163%, 7d avg −0.245%
=Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Binance is 0.082% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.245%. Mind the row above: over the last 7 days funding on this pair cost −0.094%, so the current rate has only just turned in your favour.
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 +$5.19 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 AVAUSDT | 0.2460 | −0.2539 | get 0.1269% / 4h | 1h 55m | $1.3M | $1.2M | 5x |
| Short | Binance AVAUSDT | 0.2456 | −0.1501 | pay 0.0751% / 4h | 1h 55m | $3.6M | $10.9M | 25x |
Bybit AVAUSDT
Binance AVAUSDTFunding 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
- $217.9
- Price spread: −0.163% → −0.245%
- $8.23
- Slippage, 4 orders
- −$176.6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $28.53
- Costs to cover
- 1.976%
- Break-even
- 6.1 days
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 14 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, 5 min ago | 4.09 bp | 67.6 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 2.05 bp | 33.7 bp −$34 | 112.9 bp −$1,129 | 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 AVAUSDTlong | −0.2539% | 4h | 0.2460 | long leg | $1.3M | $1.2M | 5x | |
| Gate AVA_USDT | −0.2124% | 4h | 0.2454 | −0.244% | $273K | $248K | 20x | as long as short |
| Aster AVAUSDT | −0.1950% | 1h | 0.2454 | −0.230% | $12K | $46K | 5x | as long as short |
| Variational Omni AVA | −0.1664% | 4h | 0.2445 | −0.614% | $9K | $7K | — | as long as short |
| Binance AVAUSDTshort | −0.1501% | 4h | 0.2456 | −0.163% | $3.6M | $10.9M | 25x | |
| MEXC AVA_USDT | −0.1500% | 4h | 0.2456 | −0.163% | $385K | $180K | 50x | as long as short |
| Bitget AVAUSDT | −0.1394% | 4h | 0.2451 | −0.366% | $369K | $923K | 25x | as long as short |
| BingX AVA-USDT | −0.0956% | 4h | 0.2455 | −0.203% | — | $1.5M | — | as long as short |
| KuCoin AVAUSDTM | −0.0766% | 4h | 0.2448 | −0.488% | $702K | $86K | 30x | as long as short |
Gate AVA_USDT
Aster AVAUSDT
Variational Omni AVA
MEXC AVA_USDT
Bitget AVAUSDT
BingX AVA-USDT
KuCoin AVAUSDTM