Funding you earn now, next payment 04:00 UTC+0.0716%/8h= +78.4% APRnext payment +$3.58 per $10,000 · paid last 24h +0.244%
Price spread now: Binance against Bybit+0.024%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$297as in the Funding arb table
Net, price: spread back to 7d avg − costs−$360as in the Price arb table
costs, in and out, $10k−$3583.577% of the position
Funding, last 7 days+0.609%+$61 on $10k
+Price spread, last 7 days−0.061%−$6 · spread now +0.024%, 7d avg +0.045%
=Funding pays, the price is against you. Binance is 0.021% cheaper against Bybit than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.045%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.609% in total) that is about 6 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BTRUSDT | 0.05008 | 0.0100 | pay 0.0050% / 4h | 4m 23s | $3.1M | $1.1M | 25x |
| Short | Binance BTRUSDT | 0.05009 | 0.0816 | get 0.0408% / 4h | 4m 23s | $5.3M | $4.0M | 10x |
Bybit BTRUSDT
Binance BTRUSDTFunding 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
- $150.37
- Price spread: +0.024% → +0.045%
- −$2.12
- Slippage, 4 orders
- −$336.67
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$209.42
- Costs to cover
- 3.577%
- Break-even
- 16.7 days
Slippage from Bybit: live order book, 3 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, 3 min ago | 6.99 bp | 165.8 bp −$166 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 2.00 bp | 26.0 bp −$26 | 114.3 bp −$1,143 | 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 BTRUSDTlong | +0.0100% | 4h | 0.05008 | long leg | $3.1M | $1.1M | 25x | |
| KuCoin BTRUSDTM | +0.0100% | 4h | 0.04993 | −0.300% | $1.4M | $191K | 10x | as long as short |
| HTX BTR-USDT | +0.0100% | 4h | 0.05017 | +0.180% | $11K | $313K | 10x | as long as short |
| Gate BTR_USDT | +0.0323% | 8h | 0.05000 | −0.160% | $726K | $292K | 20x | as long as short |
| BingX BTR-USDT | +0.0782% | 4h | 0.05012 | +0.080% | — | $6.6M | — | as long as short |
| Aster BTRUSDT | +0.0789% | 4h | 0.05005 | −0.060% | $89K | $12K | 5x | as long as short |
| MEXC BTR_USDT | +0.0816% | 4h | 0.05009 | +0.020% | $1.5M | $154K | 20x | as long as short |
| Binance BTRUSDTshort | +0.0816% | 4h | 0.05009 | +0.024% | $5.3M | $4.0M | 10x |
KuCoin BTRUSDTM
HTX BTR-USDT
Gate BTR_USDT
BingX BTR-USDT
Aster BTRUSDT
MEXC BTR_USDT