Funding you earn now, next payment 00:00 UTC−0.0369%/8h= −40.5% APRnext payment −$1.85 per $10,000 · paid last 24h −0.127%
Price spread now: Bybit against Binance−0.114%7-day average −0.220% · you buy dearer than you sell
Net, funding: paid 7d − costs−$266as in the Funding arb table
Net, price: spread back to 7d avg − costs−$229as in the Price arb table
costs, in and out, $10k−$2392.391% of the position
Funding, last 7 days−0.269%−$27 on $10k
+Price spread, last 7 days−0.133%−$13 · spread now −0.114%, 7d avg −0.220%
=The price spread pays, funding is against you. Bybit is 0.106% dearer against Binance than usual: you sell high and buy low (spread −0.114% now, against its 7-day average of −0.220%): +$11 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.269% in total) that is about 2.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BUSDT | 0.2022 | 0.0817 | pay 0.0409% / 4h | 2h 40m | $11.7M | $2.0M | 20x |
| Short | Bybit BUSDT | 0.2020 | 0.0448 | get 0.0224% / 4h | 2h 40m | $1.8M | $933K | 13x |
Binance BUSDT
Bybit BUSDTFunding 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
- −$77.58
- Price spread: −0.114% → −0.220%
- $10.6
- Slippage, 4 orders
- −$218.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$306.14
- Costs to cover
- 2.391%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 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, 14 min ago | 2.47 bp | 23.9 bp −$24 | 343.5 bp −$3,435 | 10243.2 bp −$1.02M | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.96 bp | 92.4 bp −$92 | 891.5 bp −$8,915 | doesn't fit | doesn't fit |
B 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate B_USDT | +0.0100% | 4h | 0.2017 | −0.247% | $3.4M | $588K | 20x | as long as short |
| KuCoin BUSDTM | +0.0100% | 4h | 0.2017 | −0.242% | $1.9M | $71K | 10x | as long as short |
| Bybit BUSDTshort | +0.0448% | 4h | 0.2020 | −0.114% | $1.8M | $933K | 13x | |
| BingX B-USDT | +0.0800% | 4h | 0.2020 | −0.099% | — | $1.2M | — | as long as short |
| Extended B-USD | +0.0816% | 1h | 0.2020 | −0.080% | $15K | $117K | 5x | as long as short |
| Binance BUSDTlong | +0.0817% | 4h | 0.2022 | long leg | $11.7M | $2.0M | 20x | |
| MEXC B_USDT | +0.0818% | 4h | 0.2021 | −0.049% | $967K | $343K | 100x | as long as short |
| Bitget BUSDT | +0.0828% | 4h | 0.2021 | −0.049% | $2.7M | $231K | 10x | as long as short |
| edgeX BUSDC | +0.0844% | 4h | 0.2025 | +0.156% | $3K | $393K | 5x | as long as short |
| BloFin B-USDT | +0.0860% | 4h | 0.2021 | −0.049% | $597K | $39K | 20x | as long as short |
Gate B_USDT
KuCoin BUSDTM
BingX B-USDT
Extended B-USD
MEXC B_USDT
Bitget BUSDT
edgeX BUSDC
BloFin B-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BUSDT | +0.1323% | 4h | 0.2020 | −0.091% | $1.9M | $200K | 5x | as long as short |
Aster BUSDT