Funding you earn now, next payment 08:00 UTC+0.1781%/8h= +195.0% APRnext payment +$8.90 per $10,000 · paid last 24h +0.361%
Price spread now: Bybit against Binance0.000%7-day average +0.147% · you sell dearer than you buy
Net, funding: paid 7d − costs−$292as in the Funding arb table
Net, price: spread back to 7d avg − costs−$384as in the Price arb table
costs, in and out, $10k−$3703.698% of the position
Funding, last 7 days+0.777%+$78 on $10k
+Price spread, last 7 days+0.165%+$16 · spread now 0.000%, 7d avg +0.147%
=Funding pays, the price is against you. Bybit is 0.147% cheaper against Binance than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.147%). If the spread goes back, that is −$15 on $10k: about 7 hours of funding at the current rate (+$53 a day). At the pace of the last 7 days (+0.777% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.777% in total (about 40.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.90 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 | Binance HEIUSDT | 0.1559 | 0.0100 | pay 0.0050% / 4h | 2h 43m | $3.6M | $6.6M | 10x |
| Short | Bybit HEIUSDT | 0.1559 | 0.1881 | get 0.0940% / 4h | 2h 43m | $1.4M | $596K | 5x |
Binance HEIUSDT
Bybit HEIUSDTFunding 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
- $373.98
- Price spread: 0.000% → +0.147%
- −$14.73
- Slippage, 4 orders
- −$348.77
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$10.52
- Costs to cover
- 3.698%
- Break-even
- 7.2 days
Slippage from Binance: live order book, 10 min ago; Bybit: 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 Binance live order book, 10 min ago | 0.32 bp | 31.4 bp −$31 | 381.5 bp −$3,815 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 6.09 bp | 149.0 bp −$149 | doesn't fit | doesn't fit | doesn't fit |
HEI on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance HEIUSDTlong | +0.0100% | 4h | 0.1559 | long leg | $3.6M | $6.6M | 10x | |
| MEXC HEI_USDT | +0.0100% | 4h | 0.1559 | +0.026% | $1.9M | $397K | 20x | as long as short |
| KuCoin HEIUSDTM | +0.0100% | 4h | 0.1557 | −0.090% | $910K | $348K | 10x | as long as short |
| Variational Omni HEI | +0.0100% | 4h | 0.1559 | +0.047% | $15K | $1 | — | as long as short |
| edgeX HEIUSDC | +0.0118% | 4h | 0.1559 | +0.029% | $14K | $257K | 10x | as long as short |
| Aster HEIUSDT | +0.0301% | 4h | 0.1557 | −0.124% | $20K | $56K | 5x | as long as short |
| Gate HEI_USDT | +0.0418% | 4h | 0.1557 | −0.096% | $284K | $470K | 10x | as long as short |
| BingX HEI-USDT | +0.1872% | 4h | 0.1558 | −0.026% | — | $1.3M | — | as long as short |
| Bybit HEIUSDTshort | +0.1881% | 4h | 0.1559 | 0.000% | $1.4M | $596K | 5x |
MEXC HEI_USDT
KuCoin HEIUSDTM
Variational Omni HEI
edgeX HEIUSDC
Aster HEIUSDT
Gate HEI_USDT
BingX HEI-USDT