Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.32 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.107%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1271.269% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 7 days0.000%$0 · spread now +0.107%, 7d avg +0.082%
=The price spread pays, funding is against you. Bybit is 0.025% dearer against Binance than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.082%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BATUSDT | 0.08403 | 0.0100 | pay 0.0100% / 8h | 2h 40m | $1.9M | $2.0M | 50x |
| Short | Bybit BATUSDT | 0.08412 | 0.0068 | get 0.0068% / 8h | 2h 40m | $1.1M | $462K | 25x |
Binance BATUSDT
Bybit BATUSDTFunding 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
- −$6.63
- Price spread: +0.107% → +0.082%
- $2.55
- Slippage, 4 orders
- −$105.87
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$130.96
- Costs to cover
- 1.269%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 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, 8 min ago | 1.19 bp | 23.5 bp −$24 | 179.0 bp −$1,790 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.16 bp | 41.0 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
BAT 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BATUSD | −0.1251% | 1h | 0.08412 | +0.108% | $117K | $15K | 10x | as long as short |
| Bybit BATUSDTshort | +0.0068% | 8h | 0.08412 | +0.107% | $1.1M | $462K | 25x | |
| BloFin BAT-USDT | +0.0094% | 8h | 0.08400 | −0.036% | $101K | $20K | 50x | as long as short |
| Binance BATUSDTlong | +0.0100% | 8h | 0.08403 | long leg | $1.9M | $2.0M | 50x | |
| OKX BAT-USDT-SWAP | +0.0100% | 8h | 0.08406 | +0.036% | $533K | $469K | 20x | as long as short |
| Gate BAT_USDT | +0.0100% | 8h | 0.08405 | +0.024% | $84K | $56K | 25x | as long as short |
| MEXC BAT_USDT | +0.0100% | 8h | 0.08403 | 0.000% | $888K | $628K | 125x | as long as short |
| KuCoin BATUSDTM | +0.0100% | 8h | 0.08420 | +0.202% | $226K | $46K | 20x | as long as short |
| Bitget BATUSDT | +0.0100% | 8h | 0.08406 | +0.036% | $680K | $183K | 50x | as long as short |
| BingX BAT-USDT | +0.0100% | 8h | 0.08409 | +0.071% | — | $1.3M | — | as long as short |
Kraken Futures PF_BATUSD
BloFin BAT-USDT
OKX BAT-USDT-SWAP
Gate BAT_USDT
MEXC BAT_USDT
KuCoin BATUSDTM
Bitget BATUSDT
BingX BAT-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BAT | +0.0100% | 8h | 0.08423 | +0.233% | $114K | $251 | — | as long as short |
Variational Omni BAT