Funding you earn now, next payment 04:00 UTC−0.1601%/8h= −175.3% APRnext payment −$8.00 per $10,000 · paid last 24h −0.934%
Price spread now: Binance against Bybit+0.442%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$273as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1881.885% of the position
Funding, last 7 days−0.842%−$84 on $10k
+Price spread, last 4 days (all we have)−0.367%−$37 · spread now +0.442%, 7d avg +0.101%
=The price spread pays, funding is against you. Binance is 0.340% dearer against Bybit than usual: you sell high and buy low (spread +0.442% now, against its 7-day average of +0.101%): +$34 on $10k if it goes back. Holding the pair costs −$48 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.842% in total) that is about 2.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.842% in total (about -43.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.00 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 | Bybit BIRBUSDT | 0.06961 | 0.1701 | pay 0.0850% / 4h | 3h 17m | $649K | $461K | 25x |
| Short | Binance BIRBUSDT | 0.06992 | 0.0100 | get 0.0050% / 4h | 3h 17m | $1.3M | $1.7M | 50x |
Bybit BIRBUSDT
Binance BIRBUSDTFunding 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
- −$336.16
- Price spread: +0.442% → +0.101%
- $34.04
- Slippage, 4 orders
- −$167.45
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$490.58
- Costs to cover
- 1.885%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 48 min ago; Binance: 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 Bybit live order book, 48 min ago | 5.80 bp | 71.4 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 3.57 bp | 31.0 bp −$31 | 158.3 bp −$1,583 | 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 | 0.06980 | +0.279% | $16K | $17K | 5x | as long as short |
| Binance BIRBUSDTshort | +0.0100% | 4h | 0.06992 | +0.442% | $1.3M | $1.7M | 50x | |
| Gate BIRB_USDT | +0.0100% | 4h | 0.06987 | +0.374% | $61K | $56K | 20x | as long as short |
| MEXC BIRB_USDT | +0.0100% | 4h | 0.06990 | +0.417% | $142K | $101K | 50x | as long as short |
| KuCoin BIRBUSDTM | +0.0100% | 4h | 0.06995 | +0.488% | $75K | $38K | 20x | as long as short |
| Bitget BIRBUSDT | +0.0100% | 4h | 0.06988 | +0.388% | $439K | $194K | 20x | as long as short |
| BingX BIRB-USDT | +0.1686% | 4h | 0.06982 | +0.302% | — | $735K | — | as long as short |
| Bybit BIRBUSDTlong | +0.1701% | 4h | 0.06961 | long leg | $649K | $461K | 25x | |
| BloFin BIRB-USDT | +0.1738% | 4h | 0.06966 | +0.072% | $84K | $5K | 25x | as long as short |
Aster BIRBUSDT
Gate BIRB_USDT
MEXC BIRB_USDT
KuCoin BIRBUSDTM
Bitget BIRBUSDT
BingX BIRB-USDT
BloFin BIRB-USDT