Funding you earn now, next payment 08:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.68 per $10,000 · paid last 24h −0.069%
Price spread now: Bybit against Binance−0.455%7-day average −0.258% · you buy dearer than you sell
Net, funding: paid 7d − costs−$218as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$2001.997% of the position
Funding, last 7 days−0.187%−$19 on $10k
+Price spread, last 7 days+0.266%+$27 · spread now −0.455%, 7d avg −0.258%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.197% cheaper against Binance than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.258%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance GOATUSDT | 0.01883 | 0.0236 | pay 0.0118% / 4h | 1h 42m | $1.9M | $3.1M | 25x |
| Short | Bybit GOATUSDT | 0.01874 | 0.0100 | get 0.0050% / 4h | 1h 42m | $2.1M | $1.4M | 25x |
Binance GOATUSDT
Bybit GOATUSDTFunding 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
- −$28.54
- Price spread: −0.455% → −0.258%
- −$19.67
- Slippage, 4 orders
- −$178.73
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$247.94
- Costs to cover
- 1.997%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 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, 8 min ago | 5.28 bp | 58.2 bp −$58 | 550.6 bp −$5,506 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 7.98 bp | 60.7 bp −$61 | 254.4 bp −$2,544 | doesn't fit | doesn't fit |
GOAT on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit GOATUSDTshort | +0.0100% | 4h | 0.01874 | −0.455% | $2.1M | $1.4M | 25x | |
| Gate GOAT_USDT | +0.0100% | 4h | 0.01886 | +0.166% | $279K | $210K | 25x | as long as short |
| KuCoin GOATUSDTM | +0.0100% | 4h | 0.01885 | +0.129% | $366K | $129K | 30x | as long as short |
| Variational Omni GOAT | +0.0100% | 4h | 0.01879 | −0.180% | $97K | $109K | — | as long as short |
| Binance GOATUSDTlong | +0.0236% | 4h | 0.01883 | long leg | $1.9M | $3.1M | 25x | |
| MEXC GOAT_USDT | +0.0246% | 4h | 0.01883 | +0.023% | $435K | $162K | 200x | as long as short |
| BingX GOAT-USDT | +0.0246% | 4h | 0.01878 | −0.243% | — | $6.6M | — | as long as short |
| BloFin GOAT-USDT | +0.0274% | 4h | 0.01890 | +0.395% | $123K | $11K | 25x | as long as short |
| Hyperliquid GOAT | +0.0400% | 1h | 0.01882 | −0.009% | $1.2M | $488K | 3x | as long as short |
| Orderly PERP_GOAT_USDC | +0.1578% | 4h | 0.01885 | +0.129% | $3K | $2K | 10x | as long as short |
Gate GOAT_USDT
KuCoin GOATUSDTM
Variational Omni GOAT
MEXC GOAT_USDT
BingX GOAT-USDT
BloFin GOAT-USDT
Hyperliquid GOAT
Orderly PERP_GOAT_USDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GOATUSD | +0.2145% | 1h | 0.01889 | +0.354% | $30K | $4K | 10x | as long as short |
Kraken Futures PF_GOATUSD