Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.67 per $10,000 · paid last 24h −0.007%
Price spread now: Bybit against Binance+0.041%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$400.402% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 7 days−0.031%−$3 · spread now +0.041%, 7d avg −0.013%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.053% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FILUSDT | 0.9873 | 0.0033 | pay 0.0033% / 8h | 7h 42m | $57.1M | $179.2M | 75x |
| Short | Bybit FILUSDT | 0.9877 | 0.0100 | get 0.0100% / 8h | 7h 42m | $15.4M | $18.3M | 25x |
Binance FILUSDT
Bybit FILUSDTFunding 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
- $13.98
- Price spread: +0.041% → −0.013%
- $5.32
- Slippage, 4 orders
- −$19.25
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$20.95
- Costs to cover
- 0.402%
- Break-even
- 17.5 days
Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 1 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, 15 min ago | 0.51 bp | 6.8 bp −$7 | 12.8 bp −$128 | 46.4 bp −$4,641 | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.50 bp | 11.6 bp −$12 | 34.1 bp −$341 | 190.1 bp −$19.0K | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_FILUSD | −0.0331% | 1h | 0.9896 | +0.230% | $1.4M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9890 | +0.172% | $317K | $1.8M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0154% | 1h | 0.9900 | +0.273% | $170K | $23K | 25x | as long as short |
| KuCoin FILUSDTM | −0.0035% | 8h | 0.9875 | +0.020% | $7.4M | $7.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0032% | 8h | 0.9874 | +0.010% | $18.0M | $98.9M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9894 | +0.214% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9886 | +0.131% | $58K | $2K | 10x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9872 | −0.013% | $689K | $3.0M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.182% | $2K | $240K | 12x | as long as short |
| Binance FILUSDTlong | +0.0033% | 8h | 0.9873 | long leg | $57.1M | $179.2M | 75x |
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
KuCoin FILUSDTM
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Extended FIL-USD
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FILUSDT | +0.0057% | 8h | 0.9872 | −0.010% | $10.9M | $21.6M | 75x | as long as short |
| MEXC FIL_USDC | +0.0058% | 8h | 0.9875 | +0.020% | $248K | $104K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9887 | +0.139% | $159K | $345K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9876 | +0.032% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9880 | +0.071% | $494K | $545K | 20x | as long as short |
| Bybit FILUSDTshort | +0.0100% | 8h | 0.9877 | +0.041% | $15.4M | $18.3M | 25x | |
| Gate FIL_USDT | +0.0100% | 8h | 0.9876 | +0.030% | $8.2M | $16.1M | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9877 | +0.041% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9868 | −0.051% | $440K | $278K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9869 | −0.039% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9873 | +0.004% | $292K | $812K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9870 | −0.030% | $30K | $196K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9901 | +0.289% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9880 | +0.071% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9889 | +0.162% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9877 | +0.041% | $632K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9880 | +0.071% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0134% | 8h | 0.9888 | +0.152% | $2.7M | $572K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0540% / S −0.0538% | 1h | 0.9895 | +0.218% | $197K | — | 100x | as long as short |
Bitget FILUSDT
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]