Funding you earn now, next payment 00:00 UTC−0.0372%/8h= −40.7% APRnext payment −$1.86 per $10,000 · paid last 24h −0.131%
Price spread now: Bybit against Binance−0.191%7-day average −0.231% · you buy dearer than you sell
Net, funding: paid 7d − costs−$343as in the Funding arb table
Net, price: spread back to 7d avg − costs−$305as in the Price arb table
costs, in and out, $10k−$3093.086% of the position
Funding, last 7 days−0.344%−$34 on $10k
+Price spread, last 7 days−0.031%−$3 · spread now −0.191%, 7d avg −0.231%
=The price spread pays, funding is against you. Bybit is 0.040% dearer against Binance than usual: you sell high and buy low (spread −0.191% now, against its 7-day average of −0.231%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.344% in total) that is about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BANUSDT | 0.06797 | 0.0473 | pay 0.0237% / 4h | 32m 10s | $6.6M | $742K | 25x |
| Short | Bybit BANUSDT | 0.06784 | 0.0101 | get 0.0051% / 4h | 32m 10s | $2.9M | $289K | 13x |
Binance BANUSDT
Bybit BANUSDTFunding 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
- −$78.12
- Price spread: −0.191% → −0.231%
- $4
- Slippage, 4 orders
- −$287.62
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$382.74
- Costs to cover
- 3.086%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 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, 6 min ago | 0.73 bp | 49.7 bp −$50 | 561.6 bp −$5,616 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.95 bp | 113.0 bp −$113 | doesn't fit | doesn't fit | doesn't fit |
BAN on 8 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 BAN_USDT | +0.0100% | 8h | 0.06789 | −0.118% | $1.2M | $50K | 20x | as long as short |
| KuCoin BANUSDTM | +0.0100% | 4h | 0.06787 | −0.147% | $313K | $15K | 20x | as long as short |
| Variational Omni BAN | +0.0100% | 4h | 0.06784 | −0.195% | $16 | — | — | as long as short |
| Bybit BANUSDTshort | +0.0101% | 4h | 0.06784 | −0.191% | $2.9M | $289K | 13x | |
| Bitget BANUSDT | +0.0176% | 4h | 0.06797 | 0.000% | $1.1M | $50K | 25x | as long as short |
| Binance BANUSDTlong | +0.0473% | 4h | 0.06797 | long leg | $6.6M | $742K | 25x | |
| Aster BANUSDT | +0.0477% | 4h | 0.06795 | −0.026% | $12K | $388 | 5x | as long as short |
| MEXC BAN_USDT | +0.0484% | 4h | 0.06800 | +0.044% | $8.1M | $143K | 100x | as long as short |
Gate BAN_USDT
KuCoin BANUSDTM
Variational Omni BAN
Bitget BANUSDT
Aster BANUSDT
MEXC BAN_USDT