CYS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0446%/8h= +48.8% APRnext payment +$2.23 per $10,000 · paid last 24h +0.031%

Price spread now: Bybit against Binance+0.158%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1671.673% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.202%+$20 on $10k

Price spread, last 7 days−0.195%−$20 · spread now +0.158%, 7d avg +0.017%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Bybit is 0.140% dearer against Binance than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.017%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.202% in total (about 10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.23 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CYSUSDT	0.1736	0.0145	pay 0.0072% / 4h	1h 31m	$4.8M	$10.3M	20x
Short	Bybit CYSUSDT	0.1739	0.0591	get 0.0295% / 4h	1h 31m	$1.8M	$2.2M	13x

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 +0.158%Rate

Funding earned: $93.66
Price spread: +0.158% → +0.017%: $14.04
Slippage, 4 orders: −$146.26
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$59.56
Costs to cover: 1.673%
Break-even: 11.5 days

Slippage from Binance: live order book, 1 min ago; Bybit: live order book, 8 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	2.87 bp	27.9 bp −$28	117.9 bp −$1,179	doesn't fit	doesn't fit
Sell Bybit live order book, 8 min ago	2.84 bp	59.1 bp −$59	475.2 bp −$4,752	doesn't fit	doesn't fit

CYS on 10 exchanges

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
Bitget CYSUSDT	+0.0100%	4h	0.1737	+0.048%	$1.9M	$1.4M	25x	as long as short
Binance CYSUSDTlong	+0.0145%	4h	0.1736	long leg	$4.8M	$10.3M	20x
edgeX CYSUSDC	+0.0150%	4h	0.1752	+0.932%	$7K	$113K	10x	as long as short
MEXC CYS_USDT	+0.0154%	4h	0.1735	−0.073%	$1.9M	$439K	50x	as long as short
Aster CYSUSDT	+0.0154%	4h	0.1736	−0.015%	$239K	$141K	10x	as long as short
Variational Omni CYS	+0.0318%	4h	0.1758	+1.255%	$47K	$42K	—	as long as short
KuCoin CYSUSDTM	+0.0368%	4h	0.1737	+0.043%	$1.5M	$377K	20x	as long as short
Gate CYS_USDT	+0.0384%	4h	0.1738	+0.100%	$644K	$370K	20x	as long as short
BingX CYS-USDT	+0.0574%	4h	0.1736	−0.015%	—	$1.4M	—	as long as short
Bybit CYSUSDTshort	+0.0591%	4h	0.1739	+0.158%	$1.8M	$2.2M	13x