Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance0.000%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$293as in the Funding arb table
Net, price: spread back to 7d avg − costs−$302as in the Price arb table
costs, in and out, $10k−$2942.937% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)+0.085%+$9 · spread now 0.000%, 7d avg +0.081%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.081% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.081%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BANDUSDT | 0.2127 | 0.0100 | pay 0.0100% / 8h | 2h 39m | $1.3M | $1.6M | 50x |
| Short | Bybit BANDUSDT | 0.2127 | 0.0100 | get 0.0100% / 8h | 2h 39m | $301K | $180K | 20x |
Binance BANDUSDT
Bybit BANDUSDTFunding 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: 0.000% → +0.081%
- −$8.11
- Slippage, 4 orders
- −$272.68
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$301.79
- Costs to cover
- 2.937%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 65 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, 9 min ago | 2.33 bp | 34.6 bp −$35 | 300.1 bp −$3,001 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 65 min ago | 9.29 bp | 118.8 bp −$119 | doesn't fit | doesn't fit | doesn't fit |
BAND 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BANDUSD | −0.2296% | 1h | 0.2126 | −0.024% | $19K | $1K | 10x | as long as short |
| Binance BANDUSDTlong | +0.0100% | 8h | 0.2127 | long leg | $1.3M | $1.6M | 50x | |
| Bybit BANDUSDTshort | +0.0100% | 8h | 0.2127 | 0.000% | $301K | $180K | 20x | |
| OKX BAND-USDT-SWAP | +0.0100% | 8h | 0.2127 | 0.000% | $229K | $397K | 10x | as long as short |
| Gate BAND_USDT | +0.0100% | 8h | 0.2133 | +0.282% | $197K | $62K | 20x | as long as short |
| MEXC BAND_USDT | +0.0100% | 8h | 0.2129 | +0.094% | $348K | $148K | 100x | as long as short |
| KuCoin BANDUSDTM | +0.0100% | 8h | 0.2133 | +0.282% | $743K | $59K | 30x | as long as short |
| Bitget BANDUSDT | +0.0100% | 8h | 0.2131 | +0.188% | $797K | $104K | 50x | as long as short |
| Variational Omni BAND | +0.0100% | 8h | 0.2132 | +0.243% | $7K | $963 | — | as long as short |
| BloFin BAND-USDT | +0.0127% | 8h | 0.2133 | +0.282% | $74K | $8K | 50x | as long as short |
Kraken Futures PF_BANDUSD
OKX BAND-USDT-SWAP
Gate BAND_USDT
MEXC BAND_USDT
KuCoin BANDUSDTM
Bitget BANDUSDT
Variational Omni BAND
BloFin BAND-USDT