Funding you earn now, next payment 08:00 UTC−0.1164%/8h= −127.4% APRnext payment −$5.82 per $10,000 · paid last 24h −0.874%
Price spread now: Binance against Bybit+0.259%7-day average −0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$227as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1371.371% of the position
Funding, last 7 days−0.899%−$90 on $10k
+Price spread, last 7 days−0.393%−$39 · spread now +0.259%, 7d avg −0.095%
=The price spread pays, funding is against you. Binance is 0.354% dearer against Bybit than usual: you sell high and buy low (spread +0.259% now, against its 7-day average of −0.095%): +$35 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.899% in total) that is about 2.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ESPUSDT | 0.09490 | 0.1264 | pay 0.0632% / 4h | 1h 08m | $1.1M | $647K | 50x |
| Short | Binance ESPUSDT | 0.09515 | 0.0100 | get 0.0050% / 4h | 1h 08m | $2.4M | $4.1M | 25x |
Bybit ESPUSDT
Binance ESPUSDTFunding 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
- −$244.42
- Price spread: +0.259% → −0.095%
- $35.4
- Slippage, 4 orders
- −$116.1
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$346.12
- Costs to cover
- 1.371%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 13 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, 2 min ago | 2.11 bp | 52.2 bp −$52 | 335.5 bp −$3,355 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.53 bp | 17.3 bp −$17 | 63.1 bp −$631 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ESP-USDT | +0.0086% | 4h | 0.09516 | +0.274% | $126K | $34K | 25x | as long as short |
| Aster ESPUSDT | +0.0100% | 4h | 0.09515 | +0.259% | $7K | $17K | 5x | as long as short |
| Binance ESPUSDTshort | +0.0100% | 4h | 0.09515 | +0.259% | $2.4M | $4.1M | 25x | |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09517 | +0.285% | $604K | $1.1M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09523 | +0.348% | $191K | $613K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09513 | +0.242% | $1.3M | $129K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09527 | +0.390% | $1.5M | $41K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09515 | +0.268% | $957K | $135K | 20x | as long as short |
| edgeX ESPUSDC | +0.0113% | 4h | 0.09515 | +0.264% | $29K | $266K | 10x | as long as short |
| Bybit ESPUSDTlong | +0.1264% | 4h | 0.09490 | long leg | $1.1M | $647K | 50x |
BloFin ESP-USDT
Aster ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ESP-USDT | +0.1322% | 4h | 0.09507 | +0.179% | — | $1.7M | — | as long as short |
BingX ESP-USDT