Funding you earn now, next payment 08:00 UTC+0.0557%/8h= +61.0% APRnext payment +$2.79 per $10,000 · paid last 24h +0.048%
Price spread now: Bybit against Binance+0.111%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1361.358% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 7 days−0.083%−$8 · spread now +0.111%, 7d avg +0.087%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Bybit is 0.023% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.087%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.79 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 | Binance DEXEUSDT | 1.9409 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $7.0M | $8.7M | 20x |
| Short | Bybit DEXEUSDT | 1.9430 | 0.0657 | get 0.0329% / 4h | 1h 08m | $2.4M | $998K | 20x |
Binance DEXEUSDT
Bybit DEXEUSDTFunding 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
- $117.04
- Price spread: +0.111% → +0.087%
- $2.34
- Slippage, 4 orders
- −$114.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$16.46
- Costs to cover
- 1.358%
- Break-even
- 8.0 days
Slippage from Binance: live order book, 1 min ago; Bybit: live order book, 3 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 | 2.57 bp | 14.9 bp −$15 | 82.8 bp −$828 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.57 bp | 57.5 bp −$57 | 1189.3 bp −$11.9K | doesn't fit | doesn't fit |
DEXE on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DEXE/USDC PERP | +0.0033% | 1h | 1.8600 | −4.166% | — | $3K | 5.5x | as long as short |
| Kraken Futures PF_DEXEUSD | +0.0077% | 1h | 1.9405 | −0.020% | $42K | $42K | 20x | as long as short |
| Binance DEXEUSDTlong | +0.0100% | 4h | 1.9409 | long leg | $7.0M | $8.7M | 20x | |
| Gate DEXE_USDT | +0.0100% | 4h | 1.9410 | +0.007% | $468K | $852K | 20x | as long as short |
| MEXC DEXE_USDT | +0.0100% | 4h | 1.9400 | −0.044% | $1.8M | $230K | 20x | as long as short |
| Bitget DEXEUSDT | +0.0100% | 4h | 1.9390 | −0.096% | $3.2M | $457K | 10x | as long as short |
| BingX DEXE-USDT | +0.0100% | 4h | 1.9410 | +0.007% | — | $1.7M | — | as long as short |
| Variational Omni DEXE | +0.0100% | 4h | 1.9441 | +0.169% | $35K | $388 | — | as long as short |
| Orderly PERP_DEXE_USDC_mythos | +0.0100% | 4h | 1.9410 | +0.007% | $8K | — | 10x | as long as short |
| Aster DEXEUSDT | +0.0230% | 4h | 1.9422 | +0.070% | $172K | $27K | 5x | as long as short |
Injective DEXE/USDC PERP
Kraken Futures PF_DEXEUSD
Gate DEXE_USDT
MEXC DEXE_USDT
Bitget DEXEUSDT
BingX DEXE-USDT
Variational Omni DEXE
Orderly PERP_DEXE_USDC_mythos
Aster DEXEUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin DEXE-USDT | +0.0340% | 4h | 1.9420 | +0.059% | $395K | $33K | 20x | as long as short |
| Bybit DEXEUSDTshort | +0.0657% | 4h | 1.9430 | +0.111% | $2.4M | $998K | 20x |
BloFin DEXE-USDT