Funding you earn now, next payment 08:00 UTC−0.1355%/8h= −148.3% APRnext payment −$6.77 per $10,000 · paid last 24h −0.085%
Price spread now: Binance against Bybit−0.013%7-day average −0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$2112.109% of the position
Funding, last 7 days+0.344%+$34 on $10k
+Price spread, last 7 days−0.192%−$19 · spread now −0.013%, 7d avg −0.121%
=The price spread pays, funding is against you. Binance is 0.108% dearer against Bybit than usual: you sell high and buy low (spread −0.013% now, against its 7-day average of −0.121%): +$11 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.344%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.344% in total (about 17.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.77 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 CUSDT | 0.07973 | 0.1455 | pay 0.0727% / 4h | 3h 33m | $1.1M | $1.7M | 13x |
| Short | Binance CUSDT | 0.07972 | 0.0100 | get 0.0050% / 4h | 3h 33m | $6.5M | $11.5M | 50x |
Bybit CUSDT
Binance CUSDTFunding 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
- −$284.47
- Price spread: −0.013% → −0.121%
- $10.8
- Slippage, 4 orders
- −$189.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$484.56
- Costs to cover
- 2.109%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 7 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 | 3.76 bp | 75.3 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.25 bp | 25.2 bp −$25 | 154.6 bp −$1,546 | doesn't fit | doesn't fit |
C 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 CUSDT | +0.0100% | 4h | 0.07966 | −0.091% | $32K | $97K | 5x | as long as short |
| Binance CUSDTshort | +0.0100% | 4h | 0.07972 | −0.013% | $6.5M | $11.5M | 50x | |
| MEXC C_USDT | +0.0100% | 4h | 0.07965 | −0.100% | $222K | $198K | 50x | as long as short |
| KuCoin CUSDTM | +0.0100% | 4h | 0.07962 | −0.138% | $640K | $136K | 25x | as long as short |
| Bitget CUSDT | +0.0100% | 4h | 0.07971 | −0.025% | $449K | $995K | 20x | as long as short |
| Variational Omni C | +0.0100% | 4h | 0.07977 | +0.045% | $614 | $7K | — | as long as short |
| Gate C_USDT | +0.0146% | 4h | 0.07974 | +0.013% | $325K | $438K | 20x | as long as short |
| Bybit CUSDTlong | +0.1455% | 4h | 0.07973 | long leg | $1.1M | $1.7M | 13x | |
| BingX C-USDT | +0.2354% | 4h | 0.07961 | −0.151% | — | $2.4M | — | as long as short |
Aster CUSDT
MEXC C_USDT
KuCoin CUSDTM
Bitget CUSDT
Variational Omni C
Gate C_USDT
BingX C-USDT