Funding you earn now, next payment 04:00 UTC+0.0395%/8h= +43.3% APRnext payment +$1.98 per $10,000 · paid last 24h +0.876%
Price spread now: Bybit against Binance−0.387%7-day average +0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1191.190% of the position
Funding, last 7 days+0.900%+$90 on $10k
+Price spread, last 7 days+0.497%+$50 · spread now −0.387%, 7d avg +0.104%
=Funding pays, the price is against you. Bybit is 0.491% cheaper against Binance than usual: you would sell low and buy high (spread −0.387% now, against its 7-day average of +0.104%). If the spread goes back, that is −$49 on $10k: about 4.1 days of funding at the current rate (+$12 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ESPUSDT | 0.09358 | 0.0100 | pay 0.0050% / 4h | 2h 57m | $2.4M | $4.2M | 25x |
| Short | Bybit ESPUSDT | 0.09322 | 0.0495 | get 0.0248% / 4h | 2h 57m | $1.1M | $607K | 50x |
Binance ESPUSDT
Bybit ESPUSDTFunding 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
- $82.96
- Price spread: −0.387% → +0.104%
- −$49.12
- Slippage, 4 orders
- −$98.03
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$85.2
- Costs to cover
- 1.190%
- Break-even
- 14.2 days
Slippage from Binance: live order book, 10 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, 10 min ago | 1.59 bp | 20.5 bp −$21 | 66.2 bp −$662 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.53 bp | 50.4 bp −$50 | 305.2 bp −$3,052 | doesn't fit | doesn't fit |
ESP on 11 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 ESPUSDT | +0.0100% | 4h | 0.09358 | −0.005% | $4K | $24K | 5x | as long as short |
| Binance ESPUSDTlong | +0.0100% | 4h | 0.09358 | long leg | $2.4M | $4.2M | 25x | |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09358 | −0.003% | $593K | $1.2M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09362 | +0.040% | $177K | $595K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09358 | −0.003% | $1.2M | $112K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09373 | +0.158% | $1.5M | $50K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09360 | +0.016% | $943K | $151K | 20x | as long as short |
| edgeX ESPUSDC | +0.0105% | 4h | 0.09381 | +0.244% | $29K | $268K | 10x | as long as short |
| BloFin ESP-USDT | +0.0140% | 4h | 0.09352 | −0.067% | $122K | $34K | 25x | as long as short |
| Bybit ESPUSDTshort | +0.0495% | 4h | 0.09322 | −0.387% | $1.1M | $607K | 50x |
Aster ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDC
BloFin ESP-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ESP-USDT | +0.0568% | 4h | 0.09345 | −0.142% | — | $1.7M | — | as long as short |
BingX ESP-USDT