Funding you earn now, next payment 00:00 UTC+0.0590%/8h= +64.6% APRnext payment +$2.95 per $10,000 · paid last 24h +0.032%
Price spread now: Bybit against Binance−0.024%7-day average +0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$217as in the Price arb table
costs, in and out, $10k−$2052.045% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.024%, 7d avg +0.105%
=Funding pays, the price is against you. Bybit is 0.129% cheaper against Binance than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.105%). If the spread goes back, that is −$13 on $10k: about 17 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.032% in total) that is about 28 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.95 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 AWEUSDT | 0.06401 | 0.0100 | pay 0.0050% / 4h | 9m 27s | $2.2M | $1.4M | 40x |
| Short | Bybit AWEUSDT | 0.06399 | 0.0690 | get 0.0345% / 4h | 9m 27s | $537K | $221K | 25x |
Binance AWEUSDT
Bybit AWEUSDTFunding 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
- $123.94
- Price spread: −0.024% → +0.105%
- −$12.88
- Slippage, 4 orders
- −$183.52
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$93.46
- Costs to cover
- 2.045%
- Break-even
- 12.3 days
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 61 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 | 2.34 bp | 30.4 bp −$30 | 136.1 bp −$1,361 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 61 min ago | 3.90 bp | 63.8 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
AWE 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin AWE-USDT | +0.0079% | 4h | 0.06402 | +0.023% | $143K | $23K | 40x | as long as short |
| Aster AWEUSDT | +0.0100% | 4h | 0.06392 | −0.126% | $2K | $8K | 5x | as long as short |
| Binance AWEUSDTlong | +0.0100% | 4h | 0.06401 | long leg | $2.2M | $1.4M | 40x | |
| MEXC AWE_USDT | +0.0100% | 4h | 0.06399 | −0.024% | $1.1M | $133K | 20x | as long as short |
| Bitget AWEUSDT | +0.0100% | 4h | 0.06405 | +0.067% | $438K | $255K | 40x | as long as short |
| Gate AWE_USDT | +0.0121% | 8h | 0.06399 | −0.024% | $47K | $40K | 25x | as long as short |
| KuCoin AWEUSDTM | +0.0134% | 4h | 0.06405 | +0.070% | $151K | $65K | 20x | as long as short |
| BingX AWE-USDT | +0.0600% | 4h | 0.06400 | −0.008% | — | $6.5M | — | as long as short |
| Bybit AWEUSDTshort | +0.0690% | 4h | 0.06399 | −0.024% | $537K | $221K | 25x |
BloFin AWE-USDT
Aster AWEUSDT
MEXC AWE_USDT
Bitget AWEUSDT
Gate AWE_USDT
KuCoin AWEUSDTM
BingX AWE-USDT