Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%
Price spread now: Bybit against Binance−0.048%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$530as in the Funding arb table
Net, price: spread back to 7d avg − costs−$483as in the Price arb table
costs, in and out, $10k−$4854.851% of the position
Funding, last 7 days−0.444%−$44 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.048%, 7d avg −0.066%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COOKIEUSDT | 0.01279 | 0.0100 | pay 0.0050% / 4h | 3h 08m | $2.1M | $9.3M | 20x |
| Short | Bybit COOKIEUSDT | 0.01278 | 0.0100 | get 0.0050% / 4h | 3h 08m | $878K | $1.5M | 25x |
Binance COOKIEUSDT
Bybit COOKIEUSDTFunding 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: −0.048% → −0.066%
- $1.83
- Slippage, 4 orders
- −$464.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$483.25
- Costs to cover
- 4.851%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 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, 1 min ago | 1.57 bp | 39.5 bp −$39 | 356.3 bp −$3,563 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 15.70 bp | 166.2 bp −$166 | 405.6 bp −$4,056 | doesn't fit | doesn't fit |
COOKIE on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance COOKIEUSDTlong | +0.0100% | 4h | 0.01279 | long leg | $2.1M | $9.3M | 20x | |
| Bybit COOKIEUSDTshort | +0.0100% | 4h | 0.01278 | −0.048% | $878K | $1.5M | 25x | |
| Gate COOKIE_USDT | +0.0100% | 4h | 0.01275 | −0.275% | $130K | $225K | 25x | as long as short |
| MEXC COOKIE_USDT | +0.0100% | 4h | 0.01277 | −0.118% | $640K | $360K | 100x | as long as short |
| KuCoin COOKIEUSDTM | +0.0100% | 4h | 0.01275 | −0.275% | $227K | $152K | 20x | as long as short |
| Bitget COOKIEUSDT | +0.0100% | 4h | 0.01279 | +0.038% | $371K | $303K | 5x | as long as short |
| BingX COOKIE-USDT | +0.0100% | 4h | 0.01279 | +0.022% | — | $6.6M | — | as long as short |
| Variational Omni COOKIE | +0.0100% | 4h | 0.01271 | −0.626% | $12K | $20K | — | as long as short |
| Kraken Futures PF_COOKIEUSD | +0.0696% | 1h | 0.01276 | −0.195% | $13K | $40K | 10x | as long as short |
Gate COOKIE_USDT
MEXC COOKIE_USDT
KuCoin COOKIEUSDTM
Bitget COOKIEUSDT
BingX COOKIE-USDT
Variational Omni COOKIE
Kraken Futures PF_COOKIEUSD