Funding you earn now, next payment 04:00 UTC+0.0159%/8h= +17.4% APRnext payment +$0.79 per $10,000 · paid last 24h +0.096%
Price spread now: Binance against Bybit+0.067%7-day average +0.215% · you sell dearer than you buy
Net, funding: paid 7d − costs−$472as in the Funding arb table
Net, price: spread back to 7d avg − costs−$513as in the Price arb table
costs, in and out, $10k−$4984.981% of the position
Funding, last 7 days+0.265%+$27 on $10k
+Price spread, last 7 days+0.114%+$11 · spread now +0.067%, 7d avg +0.215%
=Funding pays, the price is against you. Binance is 0.149% cheaper against Bybit than usual: you would sell low and buy high (spread +0.067% now, against its 7-day average of +0.215%). If the spread goes back, that is −$15 on $10k: about 3.1 days of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BUSDT | 0.2033 | 0.0452 | pay 0.0226% / 4h | 2h 08m | $1.7M | $934K | 13x |
| Short | Binance BUSDT | 0.2035 | 0.0611 | get 0.0306% / 4h | 2h 08m | $11.8M | $2.0M | 20x |
Bybit BUSDT
Binance BUSDTFunding 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
- $33.38
- Price spread: +0.067% → +0.215%
- −$14.88
- Slippage, 4 orders
- −$477.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$479.63
- Costs to cover
- 4.981%
- Break-even
- 107.6 days
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 1 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, 3 min ago | 4.16 bp | 228.8 bp −$229 | 3607.7 bp −$36.1K | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 2.45 bp | 32.2 bp −$32 | 278.0 bp −$2,780 | doesn't fit | doesn't fit |
B on 10 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 | 0.2033 | −0.020% | $3.5M | $635K | 20x | as long as short |
| KuCoin BUSDTM | +0.0368% | 4h | 0.2035 | +0.074% | $1.9M | $72K | 10x | as long as short |
| Bybit BUSDTlong | +0.0452% | 4h | 0.2033 | long leg | $1.7M | $934K | 13x | |
| Extended B-USD | +0.0608% | 1h | 0.2034 | +0.042% | $18K | $218K | 5x | as long as short |
| MEXC B_USDT | +0.0610% | 4h | 0.2034 | +0.030% | $997K | $366K | 100x | as long as short |
| Binance BUSDTshort | +0.0611% | 4h | 0.2035 | +0.067% | $11.8M | $2.0M | 20x | |
| edgeX BUSDC | +0.0617% | 4h | 0.2045 | +0.558% | $3K | $389K | 5x | as long as short |
| Bitget BUSDT | +0.0766% | 4h | 0.2034 | +0.030% | $2.8M | $258K | 10x | as long as short |
| BingX B-USDT | +0.0770% | 4h | 0.2032 | −0.069% | — | $1.3M | — | as long as short |
| Aster BUSDT | +0.1320% | 4h | 0.2035 | +0.091% | $1.9M | $212K | 5x | as long as short |
Gate B_USDT
KuCoin BUSDTM
Extended B-USD
MEXC B_USDT
edgeX BUSDC
Bitget BUSDT
BingX B-USDT
Aster BUSDT