Funding you earn now, next payment 04:00 UTC+0.0304%/8h= +33.3% APRnext payment +$1.52 per $10,000 · paid last 24h +0.002%
Price spread now: Binance against Bybit−0.017%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1071.074% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 7 days−0.061%−$6 · spread now −0.017%, 7d avg −0.052%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Binance is 0.035% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.052%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.068% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.52 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 CCUSDT | 0.1168 | −0.0204 | get 0.0102% / 4h | 5m 00s | $10.7M | $3.8M | 25x |
| Short | Binance CCUSDT | 0.1168 | 0.0100 | get 0.0050% / 4h | 5m 00s | $11.0M | $12.1M | 75x |
Bybit CCUSDT
Binance CCUSDTFunding 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
- $63.83
- Price spread: −0.017% → −0.052%
- $3.48
- Slippage, 4 orders
- −$86.43
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$40.12
- Costs to cover
- 1.074%
- Break-even
- 11.4 days
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 5 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 | 3.85 bp | 34.8 bp −$35 | 477.1 bp −$4,771 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 2.99 bp | 20.0 bp −$20 | 80.7 bp −$807 | 514.4 bp −$51.4K | doesn't fit |
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.3024% | 1h | 0.1180 | +0.993% | $402 | $3K | 5.5x | as long as short |
| Bybit CCUSDTlong | −0.0204% | 4h | 0.1168 | long leg | $10.7M | $3.8M | 25x | |
| MEXC CC_USDT | −0.0200% | 4h | 0.1168 | −0.034% | $1.7M | $333K | 100x | as long as short |
| Paradex CC-USD-PERP | +0.0098% | 8h | 0.1168 | +0.001% | $1K | — | 5x | as long as short |
| Hyperliquid CC | +0.0100% | 1h | 0.1171 | +0.197% | $5.5M | $1.3M | 3x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1169 | +0.052% | $34K | $32K | 20x | as long as short |
| Binance CCUSDTshort | +0.0100% | 4h | 0.1168 | −0.017% | $11.0M | $12.1M | 75x | |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1169 | +0.086% | $2.5M | $3.2M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1170 | +0.120% | $362K | $217K | 50x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1170 | +0.128% | $482K | $122K | 50x | as long as short |
Injective CC/USDC PERP
MEXC CC_USDT
Paradex CC-USD-PERP
Hyperliquid CC
Aster CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
KuCoin CCUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CCUSDT | +0.0100% | 4h | 0.1169 | +0.094% | $915K | $783K | 20x | as long as short |
| BingX CC-USDT | +0.0100% | 4h | 0.1169 | +0.026% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1168 | +0.009% | $15K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1168 | −0.017% | $596K | $56K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1170 | +0.153% | $84K | $2.5M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1167 | −0.081% | $6K | $35K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1169 | +0.068% | $594K | $98K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0448% / S −0.0241% | 1h | 0.1169 | +0.070% | $44K | — | 50x | as long as short |
| Lighter CC | +0.0680% | 1h | 0.1174 | +0.514% | $243K | $160K | 5x | as long as short |
Bitget CCUSDT
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Lighter CC