Funding you earn now, next payment 00:00 UTC+0.0666%/8h= +72.9% APRnext payment +$3.33 per $10,000 · paid last 24h +0.060%
Price spread now: Binance against Bybit−0.070%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$785as in the Funding arb table
Net, price: spread back to 7d avg − costs−$796as in the Price arb table
costs, in and out, $10k−$7957.954% of the position
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.070%, 7d avg −0.063%
=The price spread sits at its 7-day average of −0.063%, so right now this pair is about funding alone: +$20 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 0.101% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.33 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 GWEIUSDT | 0.02273 | 0.0100 | pay 0.0050% / 4h | 2h 48m | $368K | $113K | 25x |
| Short | Binance GWEIUSDT | 0.02271 | 0.0766 | get 0.0383% / 4h | 2h 48m | $2.3M | $2.6M | 50x |
Bybit GWEIUSDT
Binance GWEIUSDTFunding 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
- $139.81
- Price spread: −0.070% → −0.063%
- −$0.71
- Slippage, 4 orders
- −$774.42
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$656.33
- Costs to cover
- 7.954%
- Break-even
- 39.9 days
Slippage from Bybit: live order book, 35 min ago; Binance: live order book, 2 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, 35 min ago | 4.39 bp | 412.6 bp −$413 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 2.20 bp | 33.8 bp −$34 | 176.2 bp −$1,762 | doesn't fit | doesn't fit |
GWEI 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 GWEIUSDTlong | +0.0100% | 4h | 0.02273 | long leg | $368K | $113K | 25x | |
| KuCoin GWEIUSDTM | +0.0100% | 4h | 0.02265 | −0.334% | $450K | $16K | 20x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02270 | −0.131% | $4K | $55 | — | as long as short |
| Gate GWEI_USDT | +0.0418% | 4h | 0.02269 | −0.172% | $373K | $383K | 10x | as long as short |
| Bitget GWEIUSDT | +0.0520% | 4h | 0.02268 | −0.220% | $1.9M | $200K | 20x | as long as short |
| BloFin GWEI-USDT | +0.0747% | 4h | 0.02269 | −0.176% | $170K | $28K | 50x | as long as short |
| Binance GWEIUSDTshort | +0.0766% | 4h | 0.02271 | −0.070% | $2.3M | $2.6M | 50x | |
| Extended GWEI-USD | +0.0768% | 1h | 0.02270 | −0.142% | $3K | $142K | 5x | as long as short |
| MEXC GWEI_USDT | +0.0776% | 4h | 0.02270 | −0.132% | $100K | $85K | 20x | as long as short |
| BingX GWEI-USDT | +0.0776% | 4h | 0.02269 | −0.176% | — | $1.6M | — | as long as short |
KuCoin GWEIUSDTM
Variational Omni GWEI
Gate GWEI_USDT
Bitget GWEIUSDT
BloFin GWEI-USDT
Extended GWEI-USD
MEXC GWEI_USDT
BingX GWEI-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1676% | 4h | 0.02269 | −0.185% | $19K | $8K | 10x | as long as short |
Aster GWEIUSDT