Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Bybit against Binance+0.074%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$710.707% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 7 days+0.005%$0 · spread now +0.074%, 7d avg +0.048%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.025% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.048%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ETHFIUSDT | 0.7149 | 0.0100 | pay 0.0050% / 4h | 1h 19m | $24.9M | $35.6M | 75x |
| Short | Bybit ETHFIUSDT | 0.7154 | 0.0100 | get 0.0050% / 4h | 1h 19m | $17.9M | $12.6M | 25x |
Binance ETHFIUSDT
Bybit ETHFIUSDTFunding 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: +0.074% → +0.048%
- $2.54
- Slippage, 4 orders
- −$49.73
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$68.19
- Costs to cover
- 0.707%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; Bybit: live order book, 4 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, 8 min ago | 0.70 bp | 13.6 bp −$14 | 30.6 bp −$306 | 201.6 bp −$20.2K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.10 bp | 19.7 bp −$20 | 42.9 bp −$429 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0448% | 1h | 0.7157 | +0.116% | $41K | $12K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0202% | 4h | 0.7152 | +0.046% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0087% | 4h | 0.7123 | −0.360% | $88K | $168K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.277% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0079% | 8h | 0.7152 | +0.042% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7165 | +0.233% | $1.1M | $888K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7156 | +0.100% | $17.9M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7158 | +0.129% | $183K | $256K | 10x | as long as short |
| Binance ETHFIUSDTlong | +0.0100% | 4h | 0.7149 | long leg | $24.9M | $35.6M | 75x | |
| Bybit ETHFIUSDTshort | +0.0100% | 4h | 0.7154 | +0.074% | $17.9M | $12.6M | 25x |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7156 | +0.102% | $5.1M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7162 | +0.186% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7150 | +0.018% | $15.5M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7161 | +0.172% | $1.2M | $253K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7153 | +0.060% | $6.2M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7156 | +0.102% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7156 | +0.097% | $1.0M | $716K | — | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7158 | +0.130% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7151 | +0.032% | $97K | $379K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7151 | +0.030% | $9K | — | 3x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0305% | 1h | 0.7158 | +0.128% | $271K | $202K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7146 | −0.038% | $1.2M | $250K | 75x | as long as short |
| Polymarket Perps ETHFI-USD | +0.0495% | 1h | 0.7165 | +0.227% | $71K | $118K | 5x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0512% | 1h | 0.7169 | +0.283% | $31K | $6K | 50x | as long as short |
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Variational Omni ETHFI
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT
Polymarket Perps ETHFI-USD
Coinbase International ETHFI-PERP-INTX