Funding you earn now, next payment 00:00 UTC−0.0285%/8h= −31.2% APRnext payment −$1.42 per $10,000 · paid last 24h +0.094%
Price spread now: Bybit against Binance−0.133%7-day average −0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs−$317as in the Funding arb table
Net, price: spread back to 7d avg − costs−$320as in the Price arb table
costs, in and out, $10k−$3213.211% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 7 days−0.047%−$5 · spread now −0.133%, 7d avg −0.149%
=The price spread sits at its 7-day average of −0.149%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FHEUSDT | 0.02251 | 0.0447 | pay 0.0223% / 4h | 1h 55m | $2.9M | $1.4M | 10x |
| Short | Bybit FHEUSDT | 0.02248 | 0.0162 | get 0.0081% / 4h | 1h 55m | $1.6M | $474K | 13x |
Binance FHEUSDT
Bybit FHEUSDTFunding 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
- −$59.82
- Price spread: −0.133% → −0.149%
- $1.6
- Slippage, 4 orders
- −$300.12
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$379.35
- Costs to cover
- 3.211%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 6 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 | 6.66 bp | 44.5 bp −$44 | 535.6 bp −$5,356 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 4.45 bp | 127.3 bp −$127 | doesn't fit | doesn't fit | doesn't fit |
FHE on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate FHE_USDT | +0.0100% | 8h | 0.02246 | −0.222% | $621K | $89K | 10x | as long as short |
| Bybit FHEUSDTshort | +0.0162% | 4h | 0.02248 | −0.133% | $1.6M | $474K | 13x | |
| Aster FHEUSDT | +0.0283% | 4h | 0.02246 | −0.201% | $16K | $2K | 5x | as long as short |
| BingX FHE-USDT | +0.0432% | 4h | 0.02248 | −0.133% | — | $6.5M | — | as long as short |
| Binance FHEUSDTlong | +0.0447% | 4h | 0.02251 | long leg | $2.9M | $1.4M | 10x | |
| Extended FHE-USD | +0.0448% | 1h | 0.02251 | −0.016% | $499 | $141K | 5x | as long as short |
| MEXC FHE_USDT | +0.0448% | 4h | 0.02252 | +0.044% | $884K | $263K | 50x | as long as short |
| KuCoin FHEUSDTM | +0.1032% | 4h | 0.02250 | −0.044% | $656K | $10.4M | 10x | as long as short |
Gate FHE_USDT
Aster FHEUSDT
BingX FHE-USDT
Extended FHE-USD
MEXC FHE_USDT
KuCoin FHEUSDTM