Funding you earn now, next payment 00:00 UTC+0.0441%/8h= +48.3% APRpaid last 24h +0.007%
Price spread now: Bybit against Binance+0.061%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$204as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1761.760% of the position
Funding, last 7 days−0.279%−$28 on $10k
+Price spread, last 7 days−0.090%−$9 · spread now +0.061%, 7d avg +0.031%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Bybit is 0.030% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.031%. Mind the row above: over the last 7 days funding on this pair cost −0.279%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.279% in total (about -14.5% a year). A funding rate is set anew for every payment. 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 FLOWUSDT | 0.03301 | −0.0341 | get 0.0170% / 4h | 37m 13s | $2.7M | $7.9M | 10x |
| Short | Bybit FLOWUSDT | 0.03303 | 0.0100 | get 0.0100% / 8h | 37m 13s | $1.6M | $1.3M | 20x |
Binance FLOWUSDT
Bybit FLOWUSDTFunding 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
- $92.58
- Price spread: +0.061% → +0.031%
- $2.96
- Slippage, 4 orders
- −$154.96
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$80.42
- Costs to cover
- 1.760%
- Break-even
- 13.1 days
Slippage from Binance: live order book, 2 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, 2 min ago | 3.03 bp | 19.2 bp −$19 | 83.1 bp −$831 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.54 bp | 62.8 bp −$63 | 191.0 bp −$1,910 | doesn't fit | doesn't fit |
FLOW on 12 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_FLOWUSD | −0.1610% | 1h | 0.03303 | +0.069% | $36K | $48K | 10x | as long as short |
| Binance FLOWUSDTlong | −0.0341% | 4h | 0.03301 | long leg | $2.7M | $7.9M | 10x | |
| MEXC FLOW_USDT | −0.0340% | 4h | 0.03298 | −0.091% | $1.9M | $1.0M | 50x | as long as short |
| BloFin FLOW-USDT | −0.0312% | 4h | 0.03301 | 0.000% | $145K | $22K | 20x | as long as short |
| Aster FLOWUSDT | −0.0151% | 4h | 0.03302 | +0.035% | $7K | $16K | 5x | as long as short |
| Injective FLOW/USDC PERP | +0.0033% | 1h | 0.03046 | −7.725% | $213 | $14K | 5.5x | as long as short |
| Bybit FLOWUSDTshort | +0.0100% | 8h | 0.03303 | +0.061% | $1.6M | $1.3M | 20x | |
| OKX FLOW-USDT-SWAP | +0.0100% | 4h | 0.03304 | +0.091% | $893K | $1.8M | 10x | as long as short |
| Gate FLOW_USDT | +0.0100% | 8h | 0.03302 | +0.030% | $330K | $151K | 10x | as long as short |
| KuCoin FLOWUSDTM | +0.0100% | 4h | 0.03305 | +0.121% | $303K | $133K | 10x | as long as short |
Kraken Futures PF_FLOWUSD
MEXC FLOW_USDT
BloFin FLOW-USDT
Aster FLOWUSDT
Injective FLOW/USDC PERP
OKX FLOW-USDT-SWAP
Gate FLOW_USDT
KuCoin FLOWUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FLOW | +0.0100% | 8h | 0.03307 | +0.184% | $34K | $1K | — | as long as short |
| BingX FLOW-USDT | +0.0200% | 4h | 0.03301 | 0.000% | — | $1.8M | — | as long as short |
Variational Omni FLOW
BingX FLOW-USDT