Funding you earn now, next payment 04:00 UTC−0.0776%/8h= −84.9% APRnext payment −$3.88 per $10,000 · paid last 24h −0.071%
Price spread now: Bybit against Binance0.000%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$846as in the Funding arb table
Net, price: spread back to 7d avg − costs−$805as in the Price arb table
costs, in and out, $10k−$8038.031% of the position
Funding, last 7 days−0.432%−$43 on $10k
+Price spread, last 7 days+0.092%+$9 · spread now 0.000%, 7d avg +0.023%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bybit is 0.023% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.023%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.432% in total (about -22.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.88 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 | Binance JCTUSDT | 0.001667 | 0.0876 | pay 0.0438% / 4h | 3h 42m | $5.2M | $1.9M | 20x |
| Short | Bybit JCTUSDT | 0.001667 | 0.0100 | get 0.0050% / 4h | 3h 42m | $1.2M | $267K | 20x |
Binance JCTUSDT
Bybit JCTUSDTFunding 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
- −$162.87
- Price spread: 0.000% → +0.023%
- −$2.31
- Slippage, 4 orders
- −$782.11
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$968.29
- Costs to cover
- 8.031%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 3 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, 10 min ago | 3.00 bp | 54.4 bp −$54 | 541.4 bp −$5,414 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.98 bp | 379.6 bp −$380 | doesn't fit | doesn't fit | doesn't fit |
JCT on 8 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 JCTUSDTshort | +0.0100% | 4h | 0.001667 | 0.000% | $1.2M | $267K | 20x | |
| Gate JCT_USDT | +0.0100% | 4h | 0.001667 | 0.000% | $319K | $64K | 20x | as long as short |
| MEXC JCT_USDT | +0.0864% | 4h | 0.001668 | +0.060% | $513K | $155K | 50x | as long as short |
| Binance JCTUSDTlong | +0.0876% | 4h | 0.001667 | long leg | $5.2M | $1.9M | 20x | |
| BingX JCT-USDT | +0.1076% | 4h | 0.001667 | 0.000% | — | $1.3M | — | as long as short |
| Bitget JCTUSDT | +0.1120% | 4h | 0.001663 | −0.240% | $2.2M | $137K | 10x | as long as short |
| Aster JCTUSDT | +0.1506% | 4h | 0.001665 | −0.112% | $121K | $6K | 5x | as long as short |
| KuCoin JCTUSDTM | +0.1554% | 4h | 0.001665 | −0.138% | $392K | $50K | 20x | as long as short |
Gate JCT_USDT
MEXC JCT_USDT
BingX JCT-USDT
Bitget JCTUSDT
Aster JCTUSDT
KuCoin JCTUSDTM