Funding you earn now, next payment 12:00 UTC+0.0232%/8h= +25.4% APRnext payment +$1.16 per $10,000 · paid last 24h +0.045%
Price spread now: Binance against Bybit−0.083%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$756as in the Funding arb table
Net, price: spread back to 7d avg − costs−$784as in the Price arb table
costs, in and out, $10k−$7787.783% of the position
Funding, last 7 days+0.221%+$22 on $10k
+Price spread, last 4 days (all we have)−0.065%−$7 · spread now −0.083%, 7d avg −0.026%
=Funding pays, the price is against you. Binance is 0.058% cheaper against Bybit than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.026%). If the spread goes back, that is −$6 on $10k: about 20 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.221% in total) that is about 44 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HANAUSDT | 0.01464 | 0.0100 | pay 0.0050% / 4h | 3h 57m | $885K | $511K | 25x |
| Short | Binance HANAUSDT | 0.01463 | 0.0332 | get 0.0166% / 4h | 3h 57m | $5.2M | $2.5M | 10x |
Bybit HANAUSDT
Binance HANAUSDTFunding 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
- $48.7
- Price spread: −0.083% → −0.026%
- −$5.76
- Slippage, 4 orders
- −$757.28
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$735.34
- Costs to cover
- 7.783%
- Break-even
- 112.7 days
Slippage from Bybit: live order book, 38 min ago; Binance: live order book, 10 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, 38 min ago | 6.85 bp | 328.8 bp −$329 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 3.42 bp | 61.4 bp −$61 | 281.0 bp −$2,810 | 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 | 0.01459 | −0.342% | $13K | $7K | 5x | as long as short |
| Bybit HANAUSDTlong | +0.0100% | 4h | 0.01464 | long leg | $885K | $511K | 25x | |
| Gate HANA_USDT | +0.0100% | 8h | 0.01463 | −0.068% | $635K | $605K | 25x | as long as short |
| KuCoin HANAUSDTM | +0.0100% | 4h | 0.01458 | −0.410% | $601K | $747K | 10x | as long as short |
| BingX HANA-USDT | +0.0316% | 4h | 0.01464 | 0.000% | — | $6.5M | — | as long as short |
| BloFin HANA-USDT | +0.0318% | 4h | 0.01465 | +0.068% | $334K | $5K | 10x | as long as short |
| MEXC HANA_USDT | +0.0330% | 4h | 0.01462 | −0.137% | $78K | $90K | 100x | as long as short |
| Binance HANAUSDTshort | +0.0332% | 4h | 0.01463 | −0.083% | $5.2M | $2.5M | 10x |
Aster HANAUSDT
Gate HANA_USDT
KuCoin HANAUSDTM
BingX HANA-USDT
BloFin HANA-USDT
MEXC HANA_USDT