Funding you earn now, next payment 04:00 UTC−0.1276%/8h= −139.7% APRnext payment −$6.38 per $10,000 · paid last 24h −0.244%
Price spread now: Bybit against Binance−0.040%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$434as in the Funding arb table
Net, price: spread back to 7d avg − costs−$373as in the Price arb table
costs, in and out, $10k−$3743.735% of the position
Funding, last 7 days−0.609%−$61 on $10k
+Price spread, last 7 days+0.060%+$6 · spread now −0.040%, 7d avg −0.045%
=The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$38 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.609% in total (about -31.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.38 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 BTRUSDT | 0.05035 | 0.1376 | pay 0.0688% / 4h | 3h 46m | $5.3M | $3.8M | 10x |
| Short | Bybit BTRUSDT | 0.05033 | 0.0100 | get 0.0050% / 4h | 3h 46m | $3.2M | $1.1M | 25x |
Binance BTRUSDT
Bybit BTRUSDTFunding 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
- −$267.87
- Price spread: −0.040% → −0.045%
- $0.57
- Slippage, 4 orders
- −$352.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$640.81
- Costs to cover
- 3.735%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 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, 7 min ago | 1.98 bp | 28.2 bp −$28 | 312.4 bp −$3,124 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.99 bp | 179.6 bp −$180 | 1031.2 bp −$10.3K | doesn't fit | doesn't fit |
BTR on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTRUSDTshort | +0.0100% | 4h | 0.05033 | −0.040% | $3.2M | $1.1M | 25x | |
| KuCoin BTRUSDTM | +0.0100% | 4h | 0.05028 | −0.139% | $1.4M | $191K | 10x | as long as short |
| HTX BTR-USDT | +0.0100% | 4h | 0.05039 | +0.079% | $11K | $309K | 10x | as long as short |
| Gate BTR_USDT | +0.0199% | 8h | 0.05031 | −0.079% | $733K | $256K | 20x | as long as short |
| Aster BTRUSDT | +0.1312% | 4h | 0.05032 | −0.056% | $91K | $12K | 5x | as long as short |
| BingX BTR-USDT | +0.1324% | 4h | 0.05035 | 0.000% | — | $6.6M | — | as long as short |
| MEXC BTR_USDT | +0.1374% | 4h | 0.05036 | +0.020% | $1.5M | $151K | 20x | as long as short |
| Binance BTRUSDTlong | +0.1376% | 4h | 0.05035 | long leg | $5.3M | $3.8M | 10x |
KuCoin BTRUSDTM
HTX BTR-USDT
Gate BTR_USDT
Aster BTRUSDT
BingX BTR-USDT
MEXC BTR_USDT