Funding you earn now, next payment 04:00 UTC+0.0984%/8h= +107.7% APRnext payment +$4.92 per $10,000 · paid last 24h +0.077%
Price spread now: Binance against Bybit−0.095%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1111.111% of the position
Funding, last 7 days+0.438%+$44 on $10k
+Price spread, last 7 days−0.895%−$90 · spread now −0.095%, 7d avg −0.090%
=The price spread sits at its 7-day average of −0.090%, so right now this pair is about funding alone: +$30 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 0.438% in total (about 22.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.92 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 CAPUSDT | 0.04536 | −0.0894 | get 0.0447% / 4h | 3h 44m | $4.4M | $4.1M | 10x |
| Short | Binance CAPUSDT | 0.04532 | 0.0089 | get 0.0045% / 4h | 3h 44m | $8.9M | $8.8M | 10x |
Bybit CAPUSDT
Binance CAPUSDTFunding 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
- $206.56
- Price spread: −0.095% → −0.090%
- −$0.51
- Slippage, 4 orders
- −$90.06
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $94.99
- Costs to cover
- 1.111%
- Break-even
- 3.8 days
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 10 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 | 3.31 bp | 36.6 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 3.31 bp | 21.1 bp −$21 | 85.2 bp −$852 | doesn't fit | doesn't fit |
CAP on 14 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 CAPUSDTlong | −0.0894% | 4h | 0.04536 | long leg | $4.4M | $4.1M | 10x | |
| KuCoin CAPUSDTM | −0.0852% | 4h | 0.04525 | −0.243% | $4.3M | $1.4M | 10x | as long as short |
| OKX CAP-USDT-SWAP | −0.0608% | 4h | 0.04531 | −0.110% | $2.1M | $7.0M | 10x | as long as short |
| Variational Omni CAP | −0.0208% | 4h | 0.04531 | −0.115% | $8K | $8K | — | as long as short |
| Bitget CAPUSDT | −0.0082% | 4h | 0.04532 | −0.088% | $1.0M | $559K | 10x | as long as short |
| gTrade (Gains Network) CAP/USD | L 0.0000% / S 0.0000% | 1h | 0.04539 | +0.055% | $492 | — | 150x | as long as short |
| BloFin CAP-USDT | +0.0060% | 4h | 0.04527 | −0.198% | $374K | $58K | 10x | as long as short |
| Binance CAPUSDTshort | +0.0089% | 4h | 0.04532 | −0.095% | $8.9M | $8.8M | 10x | |
| MEXC CAP_USDT | +0.0094% | 4h | 0.04534 | −0.044% | $520K | $228K | 20x | as long as short |
| Lighter CAP | +0.0096% | 1h | 0.04529 | −0.148% | $19K | $2K | 3x | as long as short |
KuCoin CAPUSDTM
OKX CAP-USDT-SWAP
Variational Omni CAP
Bitget CAPUSDT
gTrade (Gains Network) CAP/USD
BloFin CAP-USDT
MEXC CAP_USDT
Lighter CAPShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CAP-USDT | +0.0096% | 4h | 0.04534 | −0.044% | — | $1.6M | — | as long as short |
| Aster CAPUSDT | +0.0100% | 4h | 0.04531 | −0.118% | $27K | $71K | 5x | as long as short |
| Gate CAP_USDT | +0.0100% | 4h | 0.04531 | −0.110% | $331K | $1.1M | 20x | as long as short |
| Orderly PERP_CAP_USDC_mythos | +0.0100% | 4h | 0.04529 | −0.154% | $5K | $582 | 10x | as long as short |
BingX CAP-USDT
Aster CAPUSDT
Gate CAP_USDT
Orderly PERP_CAP_USDC_mythos