Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.058%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$278as in the Funding arb table
Net, price: spread back to 7d avg − costs−$278as in the Price arb table
costs, in and out, $10k−$2812.808% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.058%, 7d avg +0.033%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.025% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance C98USDT | 0.01641 | 0.0100 | pay 0.0100% / 8h | 6h 09m | $1.4M | $2.0M | 50x |
| Short | Bybit C98USDT | 0.01642 | 0.0100 | get 0.0100% / 8h | 6h 09m | $878K | $380K | 25x |
Binance C98USDT
Bybit C98USDTFunding 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
- $0
- Price spread: +0.058% → +0.033%
- $2.52
- Slippage, 4 orders
- −$259.77
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$278.26
- Costs to cover
- 2.808%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 55 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, 9 min ago | 6.12 bp | 39.1 bp −$39 | 283.1 bp −$2,831 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 55 min ago | 9.13 bp | 109.1 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
C98 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_C98USD | −0.0245% | 1h | 0.01644 | +0.154% | $17K | $2K | 10x | as long as short |
| Binance C98USDTlong | +0.0100% | 8h | 0.01641 | long leg | $1.4M | $2.0M | 50x | |
| Bybit C98USDTshort | +0.0100% | 8h | 0.01642 | +0.058% | $878K | $380K | 25x | |
| Gate C98_USDT | +0.0100% | 8h | 0.01638 | −0.198% | $104K | $48K | 25x | as long as short |
| MEXC C98_USDT | +0.0100% | 8h | 0.01642 | +0.046% | $284K | $110K | 100x | as long as short |
| KuCoin C98USDTM | +0.0100% | 8h | 0.01642 | +0.046% | $198K | $39K | 20x | as long as short |
| Bitget C98USDT | +0.0100% | 8h | 0.01641 | −0.015% | $191K | $311K | 50x | as long as short |
| Variational Omni C98 | +0.0100% | 8h | 0.01640 | −0.063% | $8K | $204 | — | as long as short |
Kraken Futures PF_C98USD
Gate C98_USDT
MEXC C98_USDT
KuCoin C98USDTM
Bitget C98USDT
Variational Omni C98