Funding you earn now, next payment 04:00 UTC+0.0329%/8h= +36.1% APRnext payment +$1.65 per $10,000 · paid last 24h −0.093%
Price spread now: Binance against Bybit+0.084%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$353as in the Funding arb table
Net, price: spread back to 7d avg − costs−$331as in the Price arb table
costs, in and out, $10k−$3423.417% of the position
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.084%, 7d avg −0.020%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Binance is 0.104% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.020%. Mind the row above: over the last 7 days funding on this pair cost −0.109%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.109% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.65 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 INUSDT | 0.03561 | 0.0100 | pay 0.0050% / 4h | 2h 07m | $758K | $167K | 20x |
| Short | Binance INUSDT | 0.03564 | 0.0429 | get 0.0215% / 4h | 2h 07m | $2.0M | $1.3M | 25x |
Bybit INUSDT
Binance INUSDTFunding 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
- $69.15
- Price spread: +0.084% → −0.020%
- $10.44
- Slippage, 4 orders
- −$320.72
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$262.12
- Costs to cover
- 3.417%
- Break-even
- 33.5 days
Slippage from Bybit: live order book, 57 min ago; Binance: live order book, 12 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, 57 min ago | 5.67 bp | 133.5 bp −$134 | 2962.2 bp −$29.6K | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 4.22 bp | 36.0 bp −$36 | 214.1 bp −$2,141 | doesn't fit | doesn't fit |
IN 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit INUSDTlong | +0.0100% | 4h | 0.03561 | long leg | $758K | $167K | 20x | |
| KuCoin INUSDTM | +0.0100% | 4h | 0.03568 | +0.197% | $297K | $67K | 30x | as long as short |
| Bitget INUSDT | +0.0100% | 4h | 0.03565 | +0.112% | $837K | $169K | 25x | as long as short |
| Variational Omni IN | +0.0100% | 4h | 0.03561 | −0.003% | $1K | $6 | — | as long as short |
| Aster INUSDT | +0.0349% | 4h | 0.03554 | −0.204% | $128K | $21K | 5x | as long as short |
| BingX IN-USDT | +0.0394% | 4h | 0.03563 | +0.056% | — | $2.3M | — | as long as short |
| MEXC IN_USDT | +0.0416% | 4h | 0.03564 | +0.084% | $275K | $94K | 20x | as long as short |
| Binance INUSDTshort | +0.0429% | 4h | 0.03564 | +0.084% | $2.0M | $1.3M | 25x | |
| Gate IN_USDT | +0.0638% | 4h | 0.03562 | +0.028% | $234K | $139K | 50x | as long as short |
KuCoin INUSDTM
Bitget INUSDT
Variational Omni IN
Aster INUSDT
BingX IN-USDT
MEXC IN_USDT
Gate IN_USDT