Funding you earn now, next payment 04:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.68 per $10,000 · paid last 24h −0.014%
Price spread now: Binance against Bybit−0.070%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1031.031% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now −0.070%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.043% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit FFUSDT | 0.1282 | 0.0100 | pay 0.0050% / 4h | 2h 33m | $14.4M | $5.4M | 20x |
| Short | Binance FFUSDT | 0.1281 | −0.0036 | pay 0.0018% / 4h | 2h 33m | $43.4M | $20.2M | 20x |
Bybit FFUSDT
Binance FFUSDTFunding 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
- −$28.55
- Price spread: −0.070% → −0.028%
- −$4.25
- Slippage, 4 orders
- −$82.14
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$135.94
- Costs to cover
- 1.031%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 8 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, 5 min ago | 1.95 bp | 45.4 bp −$45 | 357.4 bp −$3,574 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.17 bp | 17.1 bp −$17 | 58.0 bp −$580 | doesn't fit | doesn't fit |
FF 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC FF_USDT | −0.0038% | 4h | 0.1282 | −0.055% | $10.1M | $756K | 50x | as long as short |
| Binance FFUSDTshort | −0.0036% | 4h | 0.1281 | −0.070% | $43.4M | $20.2M | 20x | |
| Aster FFUSDT | +0.0100% | 4h | 0.1283 | +0.060% | $1.2M | $17K | 5x | as long as short |
| Bybit FFUSDTlong | +0.0100% | 4h | 0.1282 | long leg | $14.4M | $5.4M | 20x | |
| KuCoin FFUSDTM | +0.0100% | 4h | 0.1283 | +0.047% | $8.6M | $5.1M | 20x | as long as short |
| Bitget FFUSDT | +0.0100% | 4h | 0.1283 | +0.016% | $18.7M | $1.3M | 5x | as long as short |
| BingX FF-USDT | +0.0100% | 4h | 0.1282 | −0.031% | — | $6.7M | — | as long as short |
| SunX FF-USDT | +0.0100% | 4h | 0.1279 | −0.242% | $2K | $1.3M | 20x | as long as short |
| Gate FF_USDT | +0.0128% | 4h | 0.1284 | +0.140% | $27.0M | $1.5M | 50x | as long as short |
| Lighter FF | +0.0624% | 1h | 0.1286 | +0.257% | $136K | $35K | 3x | as long as short |
MEXC FF_USDT
Aster FFUSDT
KuCoin FFUSDTM
Bitget FFUSDT
BingX FF-USDT
SunX FF-USDT
Gate FF_USDT
Lighter FF