Funding you earn now, next payment 08:00 UTC−0.1764%/8h= −193.2% APRnext payment −$8.82 per $10,000 · paid last 24h −0.361%
Price spread now: Binance against Bybit−0.105%7-day average −0.147% · you buy dearer than you sell
Net, funding: paid 7d − costs−$447as in the Funding arb table
Net, price: spread back to 7d avg − costs−$366as 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−0.060%−$6 · spread now −0.105%, 7d avg −0.147%
=The price spread pays, funding is against you. Binance is 0.042% dearer against Bybit than usual: you sell high and buy low (spread −0.105% now, against its 7-day average of −0.147%): +$4 on $10k if it goes back. Holding the pair costs −$53 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.777% in total) that is about 9 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 −$8.82 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 HEIUSDT | 0.1553 | 0.1864 | pay 0.0932% / 4h | 2h 42m | $1.4M | $596K | 5x |
| Short | Binance HEIUSDT | 0.1551 | 0.0100 | get 0.0050% / 4h | 2h 42m | $3.5M | $6.6M | 10x |
Bybit HEIUSDT
Binance HEIUSDTFunding 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
- −$370.44
- Price spread: −0.105% → −0.147%
- $4.22
- Slippage, 4 orders
- −$348.77
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$735.99
- Costs to cover
- 3.698%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 11 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, 3 min ago | 6.09 bp | 150.8 bp −$151 | 4422.8 bp −$44.2K | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.32 bp | 38.6 bp −$39 | 251.9 bp −$2,519 | 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 HEIUSDTshort | +0.0100% | 4h | 0.1551 | −0.105% | $3.5M | $6.6M | 10x | |
| MEXC HEI_USDT | +0.0100% | 4h | 0.1552 | −0.045% | $1.8M | $397K | 20x | as long as short |
| KuCoin HEIUSDTM | +0.0100% | 4h | 0.1552 | −0.013% | $908K | $346K | 10x | as long as short |
| Variational Omni HEI | +0.0100% | 4h | 0.1559 | +0.427% | $15K | $1 | — | as long as short |
| edgeX HEIUSDC | +0.0118% | 4h | 0.1559 | +0.409% | $14K | $257K | 10x | as long as short |
| Aster HEIUSDT | +0.0300% | 4h | 0.1551 | −0.098% | $20K | $56K | 5x | as long as short |
| Gate HEI_USDT | +0.0394% | 4h | 0.1553 | +0.026% | $284K | $470K | 10x | as long as short |
| BingX HEI-USDT | +0.1838% | 4h | 0.1552 | −0.077% | — | $1.3M | — | as long as short |
| Bybit HEIUSDTlong | +0.1864% | 4h | 0.1553 | long leg | $1.4M | $596K | 5x |
MEXC HEI_USDT
KuCoin HEIUSDTM
Variational Omni HEI
edgeX HEIUSDC
Aster HEIUSDT
Gate HEI_USDT
BingX HEI-USDT