Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit+0.131%7-day average +0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$209as in the Funding arb table
Net, price: spread back to 7d avg − costs−$216as in the Price arb table
costs, in and out, $10k−$2142.136% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 7 days−0.046%−$5 · spread now +0.131%, 7d avg +0.153%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.022% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.153%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit INITUSDT | 0.08388 | 0.0100 | pay 0.0050% / 4h | 3h 34m | $1.5M | $1.7M | 25x |
| Short | Binance INITUSDT | 0.08399 | 0.0100 | get 0.0050% / 4h | 3h 34m | $3.5M | $4.0M | 25x |
Bybit INITUSDT
Binance INITUSDTFunding 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
- $0
- Price spread: +0.131% → +0.153%
- −$2.2
- Slippage, 4 orders
- −$192.6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$215.8
- Costs to cover
- 2.136%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Binance: 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 Bybit live order book, 2 min ago | 7.18 bp | 66.5 bp −$66 | 192.6 bp −$1,926 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 5.37 bp | 36.8 bp −$37 | 129.7 bp −$1,297 | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | −0.5325% | 1h | 0.08394 | +0.069% | $5K | $24K | 10x | as long as short |
| BloFin INIT-USDT | +0.0043% | 4h | 0.08370 | −0.215% | $154K | $113K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08401 | +0.155% | $314K | $238K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08376 | −0.138% | $28K | $39K | 5x | as long as short |
| Binance INITUSDTshort | +0.0100% | 4h | 0.08399 | +0.131% | $3.5M | $4.0M | 25x | |
| Bybit INITUSDTlong | +0.0100% | 4h | 0.08388 | long leg | $1.5M | $1.7M | 25x | |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08393 | +0.060% | $143K | $723K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08379 | −0.107% | $82K | $58K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08398 | +0.119% | $451K | $210K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08383 | −0.060% | $325K | $62K | 25x | as long as short |
Kraken Futures PF_INITUSD
BloFin INIT-USDT
Hyperliquid INIT
Aster INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INITUSDT | +0.0100% | 4h | 0.08388 | 0.000% | $433K | $333K | 25x | as long as short |
| BingX INIT-USDT | +0.0100% | 4h | 0.08393 | +0.060% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08359 | −0.345% | $26K | $23K | — | as long as short |
Bitget INITUSDT
BingX INIT-USDT
Variational Omni INIT