Funding you earn now, next payment 08:00 UTC−0.0293%/8h= −32.1% APRnext payment −$1.47 per $10,000 · paid last 24h −0.010%
Price spread now: Binance against Bybit+0.061%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$252as in the Funding arb table
Net, price: spread back to 7d avg − costs−$227as in the Price arb table
costs, in and out, $10k−$2342.341% of the position
Funding, last 7 days−0.178%−$18 on $10k
+Price spread, last 7 days+0.002%$0 · spread now +0.061%, 7d avg −0.014%
=The price spread pays, funding is against you. Binance is 0.075% dearer against Bybit than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of −0.014%): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.178% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.178% in total (about -9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.47 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 CYSUSDT | 0.1628 | 0.0393 | pay 0.0197% / 4h | 2h 40m | $1.5M | $1.1M | 13x |
| Short | Binance CYSUSDT | 0.1629 | 0.0100 | get 0.0050% / 4h | 2h 40m | $4.3M | $4.8M | 20x |
Bybit CYSUSDT
Binance CYSUSDTFunding 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
- −$61.58
- Price spread: +0.061% → −0.014%
- $7.53
- Slippage, 4 orders
- −$213.05
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$288.11
- Costs to cover
- 2.341%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 12 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, 1 min ago | 3.08 bp | 90.4 bp −$90 | 2582.9 bp −$25.8K | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 3.11 bp | 33.0 bp −$33 | 144.8 bp −$1,448 | doesn't fit | doesn't fit |
CYS 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CYSUSDT | +0.0100% | 4h | 0.1623 | −0.321% | $258K | $88K | 10x | as long as short |
| Binance CYSUSDTshort | +0.0100% | 4h | 0.1629 | +0.061% | $4.3M | $4.8M | 20x | |
| MEXC CYS_USDT | +0.0100% | 4h | 0.1625 | −0.184% | $1.5M | $225K | 50x | as long as short |
| KuCoin CYSUSDTM | +0.0100% | 4h | 0.1618 | −0.614% | $1.3M | $148K | 20x | as long as short |
| Bitget CYSUSDT | +0.0100% | 4h | 0.1627 | −0.049% | $1.7M | $721K | 25x | as long as short |
| Variational Omni CYS | +0.0100% | 4h | 0.1621 | −0.445% | $34K | $13K | — | as long as short |
| edgeX CYSUSDC | +0.0119% | 4h | 0.1613 | −0.942% | $7K | $110K | 10x | as long as short |
| BingX CYS-USDT | +0.0200% | 4h | 0.1628 | 0.000% | — | $1.3M | — | as long as short |
| Bybit CYSUSDTlong | +0.0393% | 4h | 0.1628 | long leg | $1.5M | $1.1M | 13x | |
| Gate CYS_USDT | +0.0916% | 4h | 0.1627 | −0.061% | $633K | $117K | 20x | as long as short |
Aster CYSUSDT
MEXC CYS_USDT
KuCoin CYSUSDTM
Bitget CYSUSDT
Variational Omni CYS
edgeX CYSUSDC
BingX CYS-USDT
Gate CYS_USDT