Funding you earn now, next payment 00:00 UTC+0.0412%/8h= +45.1% APRnext payment +$2.06 per $10,000 · paid last 24h −0.126%
Price spread now: Binance against Bybit+0.111%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$206as in the Price arb table
costs, in and out, $10k−$2042.038% of the position
Funding, last 7 days−0.128%−$13 on $10k
+Price spread, last 7 days+0.020%+$2 · spread now +0.111%, 7d avg +0.134%
=Funding pays, the price is against you. Binance is 0.022% cheaper against Bybit than usual: you would sell low and buy high (spread +0.111% now, against its 7-day average of +0.134%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 7 days funding on this pair cost −0.128%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.128% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.06 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 COAIUSDT | 0.3229 | 0.0100 | pay 0.0050% / 4h | 1h 21m | $2.8M | $349K | 13x |
| Short | Binance COAIUSDT | 0.3233 | 0.0512 | get 0.0256% / 4h | 1h 21m | $3.4M | $1.2M | 10x |
Bybit COAIUSDT
Binance COAIUSDTFunding 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
- $86.54
- Price spread: +0.111% → +0.134%
- −$2.24
- Slippage, 4 orders
- −$182.83
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$119.54
- Costs to cover
- 2.038%
- Break-even
- 16.7 days
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 14 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, 5 min ago | 6.21 bp | 70.3 bp −$70 | 430.9 bp −$4,309 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 3.09 bp | 27.7 bp −$28 | 233.0 bp −$2,330 | doesn't fit | doesn't fit |
COAI on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT COAI_USDT_Perp | 0.0000% | 4h | 0.2809 | −13.014% | $237K | $897 | 10x | as long as short |
| Bybit COAIUSDTlong | +0.0100% | 4h | 0.3229 | long leg | $2.8M | $349K | 13x | |
| OKX COAI-USDT-SWAP | +0.0100% | 4h | 0.3232 | +0.093% | $1.2M | $433K | 10x | as long as short |
| Gate COAI_USDT | +0.0100% | 8h | 0.3222 | −0.217% | $1.3M | $85K | 10x | as long as short |
| KuCoin COAIUSDTM | +0.0100% | 4h | 0.3226 | −0.102% | $2.4M | $1.7M | 10x | as long as short |
| Bitget COAIUSDT | +0.0100% | 4h | 0.3229 | 0.000% | $2.2M | $195K | 10x | as long as short |
| SunX COAI-USDT | +0.0100% | 4h | 0.3227 | −0.053% | $2K | $811K | 20x | as long as short |
| Aster COAIUSDT | +0.0222% | 4h | 0.3229 | −0.001% | $34K | $14K | 5x | as long as short |
| BingX COAI-USDT | +0.0482% | 4h | 0.3229 | 0.000% | — | $2.3M | — | as long as short |
| MEXC COAI_USDT | +0.0508% | 4h | 0.3232 | +0.093% | $2.9M | $362K | 50x | as long as short |
GRVT COAI_USDT_Perp
OKX COAI-USDT-SWAP
Gate COAI_USDT
KuCoin COAIUSDTM
Bitget COAIUSDT
SunX COAI-USDT
Aster COAIUSDT
BingX COAI-USDT
MEXC COAI_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance COAIUSDTshort | +0.0512% | 4h | 0.3233 | +0.111% | $3.4M | $1.2M | 10x |