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−0.041%7-day average +0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$1751.753% of the position
Funding, last 7 days+0.363%+$36 on $10k
+Price spread, last 7 days+0.217%+$22 · spread now −0.041%, 7d avg +0.158%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.199% cheaper against Binance than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.158%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance AXLUSDT | 0.05190 | 0.0100 | pay 0.0050% / 4h | 1h 51m | $1.8M | $4.1M | 50x |
| Short | Bybit AXLUSDT | 0.05188 | 0.0100 | get 0.0050% / 4h | 1h 51m | $1.4M | $1.9M | 25x |
Binance AXLUSDT
Bybit AXLUSDTFunding 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: −0.041% → +0.158%
- −$19.88
- Slippage, 4 orders
- −$154.28
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$195.17
- Costs to cover
- 1.753%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 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, 16 min ago | 1.93 bp | 39.9 bp −$40 | 164.7 bp −$1,647 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.88 bp | 47.1 bp −$47 | 209.4 bp −$2,094 | doesn't fit | doesn't fit |
AXL 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX AXL-USDT | +0.0070% | 4h | 0.05195 | +0.094% | — | $2.3M | — | as long as short |
| BloFin AXL-USDT | +0.0077% | 4h | 0.05194 | +0.075% | $123K | $12K | 50x | as long as short |
| Aster AXLUSDT | +0.0100% | 4h | 0.05193 | +0.052% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDTlong | +0.0100% | 4h | 0.05190 | long leg | $1.8M | $4.1M | 50x | |
| Bybit AXLUSDTshort | +0.0100% | 4h | 0.05188 | −0.041% | $1.4M | $1.9M | 25x | |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05191 | +0.017% | $350K | $159K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05195 | +0.094% | $435K | $94K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05193 | +0.055% | $569K | $298K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05206 | +0.307% | $6K | $24K | — | as long as short |
BingX AXL-USDT
BloFin AXL-USDT
Aster AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL