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: Binance against Bybit−0.084%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1211.210% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 7 days−0.094%−$9 · spread now −0.084%, 7d avg −0.060%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.024% cheaper against Bybit than usual: you would sell low and buy high, −$2 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 | Bybit BICOUSDT | 0.02253 | 0.0100 | pay 0.0100% / 8h | 2h 51m | $2.4M | $3.8M | 20x |
| Short | Binance BICOUSDT | 0.02251 | 0.0100 | get 0.0100% / 8h | 2h 51m | $4.1M | $8.6M | 20x |
Bybit BICOUSDT
Binance BICOUSDTFunding 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
- $0
- Price spread: −0.084% → −0.060%
- −$2.41
- Slippage, 4 orders
- −$100.03
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$123.44
- Costs to cover
- 1.210%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 3 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, 1 min ago | 2.21 bp | 43.0 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 2.22 bp | 18.7 bp −$19 | 90.4 bp −$904 | 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 | 0.02253 | +0.010% | $94K | $20K | 5x | as long as short |
| Binance BICOUSDTshort | +0.0100% | 8h | 0.02251 | −0.084% | $4.1M | $8.6M | 20x | |
| Bybit BICOUSDTlong | +0.0100% | 8h | 0.02253 | long leg | $2.4M | $3.8M | 20x | |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02250 | −0.120% | $1.8M | $5.3M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02250 | −0.120% | $1.8M | $1.0M | 50x | as long as short |
| KuCoin BICOUSDTM | +0.0100% | 8h | 0.02252 | −0.031% | $997K | $1.2M | 20x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02251 | −0.075% | $646K | $453K | 10x | as long as short |
| BingX BICO-USDT | +0.0100% | 8h | 0.02253 | +0.013% | — | $1.7M | — | as long as short |
| Variational Omni BICO | +0.0100% | 8h | 0.02255 | +0.124% | $15K | $3K | — | as long as short |
| Gate BICO_USDT | +0.0200% | 8h | 0.02252 | −0.031% | $403K | $311K | 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 | +0.5155% | 1h | 0.02260 | +0.341% | $41K | $45K | 20x | as long as short |
Kraken Futures PF_BICOUSD