Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.218%7-day average −0.230% · you buy dearer than you sell
Net, funding: paid 7d − costs−$210as in the Funding arb table
Net, price: spread back to 7d avg − costs−$209as in the Price arb table
costs, in and out, $10k−$2102.103% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days−0.122%−$12 · spread now −0.218%, 7d avg −0.230%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DRIFTUSDT | 0.01698 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $2.3M | $7.2M | 20x |
| Short | Bybit DRIFTUSDT | 0.01694 | 0.0100 | get 0.0050% / 4h | 2h 41m | $2.3M | $3.1M | 20x |
Binance DRIFTUSDT
Bybit DRIFTUSDTFunding 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
- $0
- Price spread: −0.218% → −0.230%
- $1.21
- Slippage, 4 orders
- −$189.31
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$209.09
- Costs to cover
- 2.103%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 1 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 | 2.95 bp | 41.6 bp −$42 | 594.6 bp −$5,946 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.95 bp | 68.1 bp −$68 | 539.9 bp −$5,399 | doesn't fit | doesn't fit |
DRIFT 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DRIFT/USDC PERP | +0.0033% | 1h | 0.01591 | −6.302% | — | $9K | 5.5x | as long as short |
| BloFin DRIFT-USDT | +0.0071% | 4h | 0.01695 | −0.177% | $152K | $10K | 20x | as long as short |
| Binance DRIFTUSDTlong | +0.0100% | 4h | 0.01698 | long leg | $2.3M | $7.2M | 20x | |
| Bybit DRIFTUSDTshort | +0.0100% | 4h | 0.01694 | −0.218% | $2.3M | $3.1M | 20x | |
| Gate DRIFT_USDT | +0.0100% | 4h | 0.01692 | −0.353% | $128K | $278K | 10x | as long as short |
| MEXC DRIFT_USDT | +0.0100% | 4h | 0.01698 | 0.000% | $407K | $179K | 20x | as long as short |
| KuCoin DRIFTUSDTM | +0.0100% | 4h | 0.01691 | −0.412% | $672K | $136K | 20x | as long as short |
| Bitget DRIFTUSDT | +0.0100% | 4h | 0.01692 | −0.353% | $525K | $550K | 10x | as long as short |
| BingX DRIFT-USDT | +0.0100% | 4h | 0.01695 | −0.177% | — | $6.6M | — | as long as short |
| Variational Omni DRIFT | +0.0100% | 4h | 0.01695 | −0.176% | $23K | $6K | — | as long as short |
Injective DRIFT/USDC PERP
BloFin DRIFT-USDT
Gate DRIFT_USDT
MEXC DRIFT_USDT
KuCoin DRIFTUSDTM
Bitget DRIFTUSDT
BingX DRIFT-USDT
Variational Omni DRIFT