Funding you earn now, next payment 04:00 UTC+0.0675%/8h= +73.9% APRnext payment +$3.38 per $10,000 · paid last 24h +0.252%
Price spread now: Binance against Bybit+0.114%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$237as in the Price arb table
costs, in and out, $10k−$2412.406% of the position
Funding, last 7 days+0.704%+$70 on $10k
+Price spread, last 7 days−0.029%−$3 · spread now +0.114%, 7d avg +0.083%
=Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Binance is 0.031% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.083%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BTWUSDT | 0.7877 | 0.0214 | pay 0.0107% / 4h | 1h 17m | $15.3M | $40.8M | 10x |
| Short | Binance BTWUSDT | 0.7886 | 0.0889 | get 0.0445% / 4h | 1h 17m | $109.8M | $176.0M | 10x |
Bybit BTWUSDT
Binance BTWUSDTFunding 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
- $141.8
- Price spread: +0.114% → +0.083%
- $3.14
- Slippage, 4 orders
- −$219.56
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$95.62
- Costs to cover
- 2.406%
- Break-even
- 11.7 days
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 11 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 | 8.32 bp | 94.3 bp −$94 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 1.17 bp | 23.5 bp −$23 | 138.2 bp −$1,382 | doesn't fit | doesn't fit |
BTW 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.7871 | −0.081% | $7.1M | $4.8M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.7706 | −2.177% | $198K | $794K | 10x | as long as short |
| Bybit BTWUSDTlong | +0.0214% | 4h | 0.7877 | long leg | $15.3M | $40.8M | 10x | |
| Gate BTW_USDT | +0.0316% | 4h | 0.7842 | −0.440% | $3.2M | $17.1M | 10x | as long as short |
| Bitget BTWUSDT | +0.0600% | 4h | 0.7890 | +0.170% | $24.8M | $14.4M | 5x | as long as short |
| edgeX BTWUSDC | +0.0820% | 4h | 0.8123 | +3.126% | $335K | $501K | 10x | as long as short |
| BingX BTW-USDT | +0.0840% | 4h | 0.7877 | 0.000% | — | $4.4M | — | as long as short |
| Extended BTW-USD | +0.0888% | 1h | 0.7858 | −0.242% | $34K | $15K | 5x | as long as short |
| MEXC BTW_USDT | +0.0888% | 4h | 0.7893 | +0.203% | $9.1M | $6.4M | 20x | as long as short |
| Binance BTWUSDTshort | +0.0889% | 4h | 0.7886 | +0.114% | $109.8M | $176.0M | 10x |
KuCoin BTWUSDTM
HTX BTW-USDT
Gate BTW_USDT
Bitget BTWUSDT
edgeX BTWUSDC
BingX BTW-USDT
Extended BTW-USD
MEXC BTW_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTWUSDT | +0.0891% | 4h | 0.7762 | −1.461% | $2.1M | $3.1M | 5x | as long as short |
Aster BTWUSDT