Funding you earn now, next payment 04:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.90 per $10,000 · paid last 24h +0.019%
Price spread now: Bybit against Binance+0.056%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$704as in the Funding arb table
Net, price: spread back to 7d avg − costs−$675as in the Price arb table
costs, in and out, $10k−$6796.792% of the position
Funding, last 7 days−0.248%−$25 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now +0.056%, 7d avg +0.019%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.037% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.248%, 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 HANAUSDT | 0.01456 | 0.0173 | pay 0.0087% / 4h | 49m 34s | $5.1M | $3.0M | 10x |
| Short | Bybit HANAUSDT | 0.01457 | 0.0353 | get 0.0177% / 4h | 49m 34s | $891K | $565K | 25x |
Binance HANAUSDT
Bybit HANAUSDTFunding 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
- $37.87
- Price spread: +0.056% → +0.019%
- $3.71
- Slippage, 4 orders
- −$658.16
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$637.58
- Costs to cover
- 6.792%
- Break-even
- 124.9 days
Slippage from Binance: live order book, 3 min ago; Bybit: live order book, 6 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, 3 min ago | 3.41 bp | 73.1 bp −$73 | 681.1 bp −$6,811 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 6.84 bp | 267.8 bp −$268 | doesn't fit | doesn't fit | doesn't fit |
HANA 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HANAUSDT | +0.0100% | 4h | 0.01456 | +0.030% | $13K | $9K | 5x | as long as short |
| Gate HANA_USDT | +0.0104% | 8h | 0.01456 | +0.008% | $643K | $579K | 25x | as long as short |
| Binance HANAUSDTlong | +0.0173% | 4h | 0.01456 | long leg | $5.1M | $3.0M | 10x | |
| MEXC HANA_USDT | +0.0176% | 4h | 0.01456 | +0.008% | $67K | $90K | 100x | as long as short |
| BloFin HANA-USDT | +0.0211% | 4h | 0.01464 | +0.557% | $336K | $5K | 10x | as long as short |
| Bybit HANAUSDTshort | +0.0353% | 4h | 0.01457 | +0.056% | $891K | $565K | 25x | |
| BingX HANA-USDT | +0.0394% | 4h | 0.01457 | +0.077% | — | $6.5M | — | as long as short |
| KuCoin HANAUSDTM | +0.0556% | 4h | 0.01453 | −0.198% | $598K | $833K | 10x | as long as short |
Aster HANAUSDT
Gate HANA_USDT
MEXC HANA_USDT
BloFin HANA-USDT
BingX HANA-USDT
KuCoin HANAUSDTM