CLANKER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0291%/8h= −31.8% APRnext payment −$1.45 per $10,000 · paid last 24h −0.070%

Price spread now: Bybit against Binance+0.030%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$237as in the Funding arb table

Net, price: spread back to 7d avg − costs−$216as in the Price arb table

costs, in and out, $10k−$2202.202% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.030%, 7d avg −0.016%

Together, before fees−0.110%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.046% dearer against Binance than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.016%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.164% in total) that is about 47 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.164% in total (about -8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.45 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	Binance CLANKERUSDT	13.393	0.0391	pay 0.0195% / 4h	2h 53m	$1.8M	$6.0M	25x
Short	Bybit CLANKERUSDT	13.397	0.0100	get 0.0050% / 4h	2h 53m	$597K	$1.2M	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$61.06
Price spread: +0.030% → −0.016%: $4.62
Slippage, 4 orders: −$199.15
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$276.59
Costs to cover: 2.202%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 2 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, 15 min ago	3.66 bp	39.1 bp −$39	443.3 bp −$4,433	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	7.86 bp	73.3 bp −$73	434.6 bp −$4,346	doesn't fit	doesn't fit

CLANKER on 10 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
BingX CLANKER-USDT	+0.0070%	4h	13.390	−0.022%	—	$6.7M	—	as long as short
Bybit CLANKERUSDTshort	+0.0100%	4h	13.397	+0.030%	$597K	$1.2M	20x
Gate CLANKER_USDT	+0.0100%	4h	13.340	−0.395%	$117K	$167K	25x	as long as short
KuCoin CLANKERUSDTM	+0.0100%	4h	13.350	−0.321%	$365K	$171K	25x	as long as short
Bitget CLANKERUSDT	+0.0100%	4h	13.390	−0.022%	$610K	$561K	20x	as long as short
Variational Omni CLANKER	+0.0139%	4h	13.295	−0.728%	$26K	$35K	—	as long as short
BloFin CLANKER-USDT	+0.0376%	4h	13.310	−0.619%	$118K	$24K	25x	as long as short
Binance CLANKERUSDTlong	+0.0391%	4h	13.393	long leg	$1.8M	$6.0M	25x
MEXC CLANKER_USDT	+0.0400%	4h	13.390	−0.022%	$385K	$295K	50x	as long as short
Aster CLANKERUSDT	+0.0992%	4h	13.356	−0.278%	$15K	$34K	5x	as long as short