Funding you earn now, next payment 00:00 UTC+0.5588%/8h= +611.8% APRnext payment +$27.94 per $10,000 · paid last 24h +0.791%
Price spread now: Bybit against Binance−0.533%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$280as in the Price arb table
costs, in and out, $10k−$2352.354% of the position
Funding, last 7 days+0.699%+$70 on $10k
+Price spread, last 4 days (all we have)+0.446%+$45 · spread now −0.533%, 7d avg −0.084%
=Funding pays, the price is against you. Bybit is 0.449% cheaper against Binance than usual: you would sell low and buy high (spread −0.533% now, against its 7-day average of −0.084%). If the spread goes back, that is −$45 on $10k: about 6 hours of funding at the current rate (+$168 a day). At the pace of the last 7 days (+0.699% in total) that is about 4.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.699% in total (about 36.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$27.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BIRBUSDT | 0.06951 | 0.0100 | pay 0.0050% / 4h | 2h 38m | $1.2M | $1.6M | 50x |
| Short | Bybit BIRBUSDT | 0.06914 | 0.5688 | get 0.2844% / 4h | 2h 38m | $679K | $391K | 25x |
Binance BIRBUSDT
Bybit BIRBUSDTFunding 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
- $1,173.4
- Price spread: −0.533% → −0.084%
- −$44.94
- Slippage, 4 orders
- −$214.36
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $893.1
- Costs to cover
- 2.354%
- Break-even
- 1.7 days
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 46 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, 10 min ago | 2.87 bp | 39.1 bp −$39 | 241.3 bp −$2,413 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 46 min ago | 7.23 bp | 75.4 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
BIRB on 9 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 BIRBUSDT | +0.0100% | 4h | 0.06942 | −0.131% | $16K | $19K | 5x | as long as short |
| Binance BIRBUSDTlong | +0.0100% | 4h | 0.06951 | long leg | $1.2M | $1.6M | 50x | |
| Gate BIRB_USDT | +0.0100% | 4h | 0.06948 | −0.044% | $62K | $55K | 20x | as long as short |
| MEXC BIRB_USDT | +0.0100% | 4h | 0.06953 | +0.028% | $132K | $102K | 50x | as long as short |
| KuCoin BIRBUSDTM | +0.0100% | 4h | 0.06944 | −0.101% | $81K | $43K | 20x | as long as short |
| Bitget BIRBUSDT | +0.0100% | 4h | 0.06955 | +0.057% | $428K | $206K | 20x | as long as short |
| BingX BIRB-USDT | +0.5564% | 4h | 0.06939 | −0.173% | — | $727K | — | as long as short |
| Bybit BIRBUSDTshort | +0.5688% | 4h | 0.06914 | −0.533% | $679K | $391K | 25x | |
| BloFin BIRB-USDT | +0.5764% | 4h | 0.06920 | −0.447% | $83K | $4K | 25x | as long as short |
Aster BIRBUSDT
Gate BIRB_USDT
MEXC BIRB_USDT
KuCoin BIRBUSDTM
Bitget BIRBUSDT
BingX BIRB-USDT
BloFin BIRB-USDT