Funding arb · Price arb / Crypto
DRIFT
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.01221 | +0.0100 | pay 0.0050% / 4h | 2h 03m | $1.4M | $1.4M | 20x | Long Binance | |
| SHORT | 0.01217 | +0.0100 | get 0.0050% / 4h | 2h 03m | $1.5M | $781K | 20x | Short Bybit |
Price gap−0.303%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$11 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$00.0000% /8h now · paid 0.000% over the last 7D
Price+$11spread −0.303% now, avg −0.411% → +0.108% if it goes back
Costs−$1701.696% of $10k · taker + slippage, in and out
Result−$159−1.59%no points
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.303%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hDRIFT on 9 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Watch: Thin at this size40.0 / 40.5 bpAt $10k entering Bybit costs 40.5 bp, fee and slippage, 1.0× Binance’s.
- Note: Margin at max leverage$500 + $500Binance 20x, Bybit 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: $0.00Long Binance: 6 payments, −$3.00; short Bybit: 6 payments, +$3.00.
- OK: Entry gap works for you−0.303% vs −0.411%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Long leg is thinner$1.4M vs $1.5M OIBoth legs are deep; Binance is the smaller one.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBinance Yes · Bybit YesVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned0.0000%/8h × 21 periods$0.00
Price spread−0.303% → −0.411% (7d avg)+$10.78
Slippage, 4 orderslive order books−$148.61
Fee Binance bp × 2 orders−$10.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$158.83
Costs to cover1.696%Break-evennever at this rate
Slippage: Binance: live order book, 2 min ago; Bybit: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance4.1040.0 bp−$40758.7 bp−$7,587doesn’t fitdoesn’t fit
SELL · SHORTBybit8.2040.5 bp−$40443.9 bp−$4,439doesn’t fitdoesn’t fit
Closing costs about the same again.