Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h −0.154%
Price spread now: Bybit against Binance+0.056%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs+$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1301.301% of the position
Funding, last 7 days+1.502%+$150 on $10k
+Price spread, last 7 days+0.159%+$16 · spread now +0.056%, 7d avg +0.099%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.042% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.099%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.502%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IOSTUSDT | 0.0008866 | −0.0516 | get 0.0258% / 4h | 1h 50m | $5.8M | $15.8M | 50x |
| Short | Bybit IOSTUSDT | 0.0008871 | −0.0554 | pay 0.0554% / 8h | 1h 50m | $1.9M | $2.0M | 25x |
Binance IOSTUSDT
Bybit IOSTUSDTFunding 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
- −$8.08
- Price spread: +0.056% → +0.099%
- −$4.22
- Slippage, 4 orders
- −$109.13
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$142.44
- Costs to cover
- 1.301%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Bybit: live order book, 1 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, 5 min ago | 1.12 bp | 14.0 bp −$14 | 49.0 bp −$490 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.56 bp | 49.9 bp −$50 | 233.5 bp −$2,335 | doesn't fit | doesn't fit |
IOST 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX IOST-USDT-SWAP | −0.1320% | 4h | 0.0008868 | +0.023% | $1.5M | $3.7M | 10x | as long as short |
| BingX IOST-USDT | −0.1248% | 4h | 0.0008871 | +0.056% | — | $2.5M | — | as long as short |
| BloFin IOST-USDT | −0.0559% | 4h | 0.0008867 | +0.011% | $292K | $2.0M | 50x | as long as short |
| Bybit IOSTUSDTshort | −0.0554% | 8h | 0.0008871 | +0.056% | $1.9M | $2.0M | 25x | |
| MEXC IOST_USDT | −0.0520% | 4h | 0.0008866 | 0.000% | $1.9M | $409K | 50x | as long as short |
| Binance IOSTUSDTlong | −0.0516% | 4h | 0.0008866 | long leg | $5.8M | $15.8M | 50x | |
| Bitget IOSTUSDT | −0.0432% | 4h | 0.0008864 | −0.023% | $660K | $1.9M | 25x | as long as short |
| Variational Omni IOST | −0.0215% | 8h | 0.0008889 | +0.257% | $10K | $6K | — | as long as short |
| Gate IOST_USDT | −0.0056% | 1h | 0.0008870 | +0.045% | $726K | $407K | 25x | as long as short |
OKX IOST-USDT-SWAP
BingX IOST-USDT
BloFin IOST-USDT
MEXC IOST_USDT
Bitget IOSTUSDT
Variational Omni IOST
Gate IOST_USDT