Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit+0.209%7-day average +0.225% · you sell dearer than you buy
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$1921.924% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days+0.045%+$4 · spread now +0.209%, 7d avg +0.225%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit DRIFTUSDT | 0.01773 | 0.0100 | pay 0.0050% / 4h | 2h 39m | $2.3M | $2.8M | 20x |
| Short | Binance DRIFTUSDT | 0.01777 | 0.0100 | get 0.0050% / 4h | 2h 39m | $2.5M | $6.7M | 20x |
Bybit DRIFTUSDT
Binance DRIFTUSDTFunding 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
- $0
- Price spread: +0.209% → +0.225%
- −$1.65
- Slippage, 4 orders
- −$171.42
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$194.07
- Costs to cover
- 1.924%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 15 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, 3 min ago | 2.81 bp | 50.4 bp −$50 | 867.7 bp −$8,677 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 2.77 bp | 37.5 bp −$37 | 269.6 bp −$2,696 | 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 | −10.280% | — | $9K | 5.5x | as long as short |
| BloFin DRIFT-USDT | +0.0058% | 4h | 0.01779 | +0.321% | $162K | $10K | 20x | as long as short |
| Binance DRIFTUSDTshort | +0.0100% | 4h | 0.01777 | +0.209% | $2.5M | $6.7M | 20x | |
| Bybit DRIFTUSDTlong | +0.0100% | 4h | 0.01773 | long leg | $2.3M | $2.8M | 20x | |
| Gate DRIFT_USDT | +0.0100% | 4h | 0.01773 | −0.017% | $118K | $248K | 10x | as long as short |
| MEXC DRIFT_USDT | +0.0100% | 4h | 0.01771 | −0.130% | $420K | $167K | 20x | as long as short |
| KuCoin DRIFTUSDTM | +0.0100% | 4h | 0.01772 | −0.073% | $696K | $132K | 20x | as long as short |
| Bitget DRIFTUSDT | +0.0100% | 4h | 0.01774 | +0.039% | $545K | $372K | 10x | as long as short |
| BingX DRIFT-USDT | +0.0100% | 4h | 0.01776 | +0.152% | — | $6.6M | — | as long as short |
| Variational Omni DRIFT | +0.0100% | 4h | 0.01774 | +0.023% | $24K | $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