Funding you earn now, next payment 04:00 UTC+0.0522%/8h= +57.2% APRnext payment +$2.61 per $10,000 · paid last 24h +0.066%
Price spread now: Binance against Bybit+0.097%7-day average +0.163% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1551.553% of the position
Funding, last 7 days+0.316%+$32 on $10k
+Price spread, last 7 days+0.175%+$18 · spread now +0.097%, 7d avg +0.163%
=Funding pays, the price is against you. Binance is 0.066% cheaper against Bybit than usual: you would sell low and buy high (spread +0.097% now, against its 7-day average of +0.163%). If the spread goes back, that is −$7 on $10k: about 10 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.316% in total) that is about 35 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.316% in total (about 16.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.61 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 B2USDT | 0.5162 | 0.0100 | pay 0.0050% / 4h | 1h 17m | $1.6M | $2.1M | 20x |
| Short | Binance B2USDT | 0.5167 | 0.0622 | get 0.0311% / 4h | 1h 17m | $8.4M | $10.2M | 50x |
Bybit B2USDT
Binance B2USDTFunding 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
- $109.68
- Price spread: +0.097% → +0.163%
- −$6.64
- Slippage, 4 orders
- −$134.33
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$52.29
- Costs to cover
- 1.553%
- Break-even
- 10.3 days
Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 7 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, 4 min ago | 8.69 bp | 52.5 bp −$52 | 297.5 bp −$2,975 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.94 bp | 26.0 bp −$26 | 143.9 bp −$1,439 | doesn't fit | doesn't fit |
B2 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 B2USDTlong | +0.0100% | 4h | 0.5162 | long leg | $1.6M | $2.1M | 20x | |
| Bitget B2USDT | +0.0420% | 4h | 0.5169 | +0.136% | $2.8M | $1.0M | 50x | as long as short |
| Variational Omni B2 | +0.0610% | 4h | 0.5175 | +0.243% | $14K | $2K | — | as long as short |
| Binance B2USDTshort | +0.0622% | 4h | 0.5167 | +0.097% | $8.4M | $10.2M | 50x | |
| BingX B2-USDT | +0.0630% | 4h | 0.5169 | +0.136% | — | $1.4M | — | as long as short |
| MEXC B2_USDT | +0.0632% | 4h | 0.5160 | −0.039% | $588K | $427K | 100x | as long as short |
| Aster B2USDT | +0.0996% | 4h | 0.5161 | −0.021% | $163K | $169K | 5x | as long as short |
| KuCoin B2USDTM | +0.1086% | 4h | 0.5165 | +0.058% | $1.0M | $301K | 50x | as long as short |
| Gate B2_USDT | +0.2286% | 4h | 0.5160 | −0.039% | $922K | $367K | 20x | as long as short |
Bitget B2USDT
Variational Omni B2
BingX B2-USDT
MEXC B2_USDT
Aster B2USDT
KuCoin B2USDTM
Gate B2_USDT