Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.166%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1431.429% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 7 days−0.028%−$3 · spread now +0.166%, 7d avg +0.060%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.107% dearer against Binance than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.060%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BICOUSDT | 0.02254 | 0.0100 | pay 0.0100% / 8h | 1h 51m | $4.1M | $8.6M | 20x |
| Short | Bybit BICOUSDT | 0.02258 | 0.0100 | get 0.0100% / 8h | 1h 51m | $2.4M | $3.7M | 20x |
Binance BICOUSDT
Bybit BICOUSDTFunding 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: +0.166% → +0.060%
- $10.69
- Slippage, 4 orders
- −$121.91
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$132.22
- Costs to cover
- 1.429%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Bybit: 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 Binance live order book, 3 min ago | 2.22 bp | 16.2 bp −$16 | 90.8 bp −$908 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.54 bp | 39.3 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
BICO 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BICOUSDT | +0.0100% | 8h | 0.02259 | +0.218% | $94K | $20K | 5x | as long as short |
| Binance BICOUSDTlong | +0.0100% | 8h | 0.02254 | long leg | $4.1M | $8.6M | 20x | |
| Bybit BICOUSDTshort | +0.0100% | 8h | 0.02258 | +0.166% | $2.4M | $3.7M | 20x | |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02254 | +0.007% | $1.8M | $5.3M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02254 | +0.007% | $1.8M | $995K | 50x | as long as short |
| KuCoin BICOUSDTM | +0.0100% | 8h | 0.02257 | +0.140% | $1.0M | $1.2M | 20x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02255 | +0.051% | $647K | $447K | 10x | as long as short |
| BingX BICO-USDT | +0.0100% | 8h | 0.02257 | +0.140% | — | $1.7M | — | as long as short |
| Variational Omni BICO | +0.0100% | 8h | 0.02257 | +0.158% | $16K | $4K | — | as long as short |
| Gate BICO_USDT | +0.0361% | 8h | 0.02261 | +0.317% | $404K | $307K | 20x | as long as short |
Aster BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
KuCoin BICOUSDTM
Bitget BICOUSDT
BingX BICO-USDT
Variational Omni BICO
Gate BICO_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.2618% | 1h | 0.02263 | +0.423% | $41K | $47K | 20x | as long as short |
Kraken Futures PF_BICOUSD