Funding you earn now, next payment 04:00 UTC+0.0215%/8h= +23.5% APRnext payment +$1.07 per $10,000 · paid last 24h −0.077%
Price spread now: Binance against Bybit+0.238%7-day average +0.147% · you sell dearer than you buy
Net, funding: paid 7d − costs−$290as in the Funding arb table
Net, price: spread back to 7d avg − costs−$279as in the Price arb table
costs, in and out, $10k−$2882.877% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 7 days−0.188%−$19 · spread now +0.238%, 7d avg +0.147%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.091% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.147%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.07 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 | Bybit FHEUSDT | 0.02242 | 0.0395 | pay 0.0197% / 4h | 2h 08m | $1.6M | $476K | 13x |
| Short | Binance FHEUSDT | 0.02247 | 0.0610 | get 0.0305% / 4h | 2h 08m | $3.0M | $1.5M | 10x |
Bybit FHEUSDT
Binance FHEUSDTFunding 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
- $45.14
- Price spread: +0.238% → +0.147%
- $9.09
- Slippage, 4 orders
- −$266.66
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$233.43
- Costs to cover
- 2.877%
- Break-even
- 43.2 days
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 12 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, 3 min ago | 6.70 bp | 96.4 bp −$96 | 1774.3 bp −$17.7K | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 2.22 bp | 48.6 bp −$49 | 305.9 bp −$3,059 | 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 | 0.02239 | −0.134% | $620K | $78K | 10x | as long as short |
| Bybit FHEUSDTlong | +0.0395% | 4h | 0.02242 | long leg | $1.6M | $476K | 13x | |
| Aster FHEUSDT | +0.0446% | 4h | 0.02244 | +0.069% | $16K | $2K | 5x | as long as short |
| BingX FHE-USDT | +0.0606% | 4h | 0.02243 | +0.045% | — | $6.5M | — | as long as short |
| Extended FHE-USD | +0.0608% | 1h | 0.02245 | +0.154% | $2K | $100K | 5x | as long as short |
| MEXC FHE_USDT | +0.0608% | 4h | 0.02247 | +0.223% | $858K | $299K | 50x | as long as short |
| Binance FHEUSDTshort | +0.0610% | 4h | 0.02247 | +0.238% | $3.0M | $1.5M | 10x | |
| KuCoin FHEUSDTM | +0.1370% | 4h | 0.02245 | +0.134% | $645K | $9.9M | 10x | as long as short |
Gate FHE_USDT
Aster FHEUSDT
BingX FHE-USDT
Extended FHE-USD
MEXC FHE_USDT
KuCoin FHEUSDTM