Funding you earn now, next payment 04:00 UTC−0.0377%/8h= −41.2% APRnext payment −$1.88 per $10,000 · paid last 24h +0.013%
Price spread now: Bybit against Binance+0.245%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$286as in the Funding arb table
Net, price: spread back to 7d avg − costs−$224as in the Price arb table
costs, in and out, $10k−$2412.412% of the position
Funding, last 7 days−0.448%−$45 on $10k
+Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.245%, 7d avg +0.069%
=The price spread pays, funding is against you. Bybit is 0.176% dearer against Binance than usual: you sell high and buy low (spread +0.245% now, against its 7-day average of +0.069%): +$18 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance INXUSDT | 0.006313 | 0.0655 | pay 0.0328% / 4h | 57m 25s | $2.1M | $1.5M | 25x |
| Short | Bybit INXUSDT | 0.006328 | 0.0279 | get 0.0139% / 4h | 57m 25s | $813K | $384K | 13x |
Binance INXUSDT
Bybit INXUSDTFunding 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
- −$79.1
- Price spread: +0.245% → +0.069%
- $17.63
- Slippage, 4 orders
- −$220.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$302.62
- Costs to cover
- 2.412%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 62 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, 7 min ago | 3.95 bp | 47.6 bp −$48 | 306.8 bp −$3,068 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 62 min ago | 5.64 bp | 76.8 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
INX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International INX-PERP-INTX | −0.1576% | 1h | 0.006083 | −3.636% | $5K | $5K | 50x | as long as short |
| Bitget INXUSDT | +0.0100% | 4h | 0.006314 | +0.024% | $392K | $107K | 25x | as long as short |
| Gate INX_USDT | +0.0112% | 4h | 0.006310 | −0.040% | $1.6M | $69K | 25x | as long as short |
| KuCoin INXUSDTM | +0.0170% | 4h | 0.006318 | +0.087% | $285K | $54K | 20x | as long as short |
| Bybit INXUSDTshort | +0.0279% | 4h | 0.006328 | +0.245% | $813K | $384K | 13x | |
| Deribit INX_USDC-PERPETUAL | +0.0543% | 1h | 0.006313 | +0.008% | $57K | $20K | 10x | as long as short |
| Binance INXUSDTlong | +0.0655% | 4h | 0.006313 | long leg | $2.1M | $1.5M | 25x | |
| MEXC INX_USDT | +0.0668% | 4h | 0.006311 | −0.024% | $902K | $208K | 50x | as long as short |
| Extended INX-USD | +0.0672% | 1h | 0.006307 | −0.082% | $3K | $108K | 5x | as long as short |
| BingX INX-USDT | +0.0682% | 4h | 0.006328 | +0.245% | — | $6.5M | — | as long as short |
Coinbase International INX-PERP-INTX
Bitget INXUSDT
Gate INX_USDT
KuCoin INXUSDTM
Deribit INX_USDC-PERPETUAL
MEXC INX_USDT
Extended INX-USD
BingX INX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster INXUSDT | +0.1167% | 4h | 0.006313 | +0.008% | $19K | $9K | 5x | as long as short |
Aster INXUSDT