Funding you earn now, next payment 04:00 UTC−0.0244%/8h= −26.7% APRnext payment −$1.22 per $10,000 · paid last 24h −0.225%
Price spread now: Bybit against Binance+0.050%7-day average −0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$989as in the Funding arb table
Net, price: spread back to 7d avg − costs−$921as in the Price arb table
costs, in and out, $10k−$9319.309% of the position
Funding, last 7 days−0.578%−$58 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.050%, 7d avg −0.049%
=The price spread pays, funding is against you. Bybit is 0.099% dearer against Binance than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.049%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 33 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CTRUSDT | 0.01189 | 0.0344 | pay 0.0172% / 4h | 6m 56s | $2.2M | $814K | 20x |
| Short | Bybit CTRUSDT | 0.01190 | 0.0100 | get 0.0050% / 4h | 6m 56s | $249K | $129K | 20x |
Binance CTRUSDT
Bybit CTRUSDTFunding 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
- −$51.25
- Price spread: +0.050% → −0.049%
- $9.95
- Slippage, 4 orders
- −$909.89
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$972.2
- Costs to cover
- 9.309%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 33 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, 13 min ago | 1.68 bp | 45.4 bp −$45 | 617.5 bp −$6,175 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 33 min ago | 5.46 bp | 457.6 bp −$458 | doesn't fit | doesn't fit | doesn't fit |
CTR on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter CTR | +0.0096% | 1h | 0.01187 | −0.185% | $10K | $329 | 3x | as long as short |
| Bybit CTRUSDTshort | +0.0100% | 4h | 0.01190 | +0.050% | $249K | $129K | 20x | |
| Gate CTR_USDT | +0.0100% | 4h | 0.01190 | +0.067% | $114K | $14K | 20x | as long as short |
| KuCoin CTRUSDTM | +0.0100% | 4h | 0.01187 | −0.185% | $279K | $355K | 20x | as long as short |
| MEXC CTR_USDT | +0.0342% | 4h | 0.01189 | −0.008% | $608K | $145K | 20x | as long as short |
| Binance CTRUSDTlong | +0.0344% | 4h | 0.01189 | long leg | $2.2M | $814K | 20x | |
| Bitget CTRUSDT | +0.0588% | 4h | 0.01188 | −0.101% | $542K | $58K | 20x | as long as short |
| Aster CTRUSDT | +0.0642% | 4h | 0.01188 | −0.103% | $9K | $8K | 5x | as long as short |
Lighter CTR
Gate CTR_USDT
KuCoin CTRUSDTM
MEXC CTR_USDT
Bitget CTRUSDT
Aster CTRUSDT