Funding you earn now, next payment 08:00 UTC+0.0277%/8h= +30.3% APRnext payment +$1.39 per $10,000 · paid last 24h +0.084%
Price spread now: Bybit against Binance−0.014%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$760.761% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 7 days+0.144%+$14 · spread now −0.014%, 7d avg +0.060%
=Funding pays, the price is against you. Bybit is 0.074% cheaper against Binance than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.060%). If the spread goes back, that is −$7 on $10k: about 21 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.210% in total) that is about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance LAUSDT | 0.07397 | −0.0177 | get 0.0089% / 4h | 2h 43m | $4.7M | $9.6M | 25x |
| Short | Bybit LAUSDT | 0.07396 | 0.0100 | get 0.0050% / 4h | 2h 43m | $2.4M | $2.6M | 25x |
Binance LAUSDT
Bybit LAUSDTFunding 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
- $58.17
- Price spread: −0.014% → +0.060%
- −$7.4
- Slippage, 4 orders
- −$55.11
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$25.33
- Costs to cover
- 0.761%
- Break-even
- 10.0 days
Slippage from Binance: live order book, 11 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, 11 min ago | 1.35 bp | 14.4 bp −$14 | 59.5 bp −$595 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.35 bp | 21.1 bp −$21 | 128.0 bp −$1,280 | doesn't fit | doesn't fit |
LA 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget LAUSDT | −0.0560% | 4h | 0.07407 | +0.135% | $2.0M | $474K | 25x | as long as short |
| BingX LA-USDT | −0.0492% | 4h | 0.07398 | +0.014% | — | $6.6M | — | as long as short |
| Aster LAUSDT | −0.0292% | 4h | 0.07400 | +0.039% | $51K | $25K | 5x | as long as short |
| BloFin LA-USDT | −0.0216% | 4h | 0.07413 | +0.216% | $245K | $20K | 25x | as long as short |
| Binance LAUSDTlong | −0.0177% | 4h | 0.07397 | long leg | $4.7M | $9.6M | 25x | |
| MEXC LA_USDT | −0.0168% | 4h | 0.07396 | −0.014% | $382K | $132K | 50x | as long as short |
| Gate LA_USDT | +0.0060% | 4h | 0.07397 | 0.000% | $235K | $813K | 50x | as long as short |
| Bybit LAUSDTshort | +0.0100% | 4h | 0.07396 | −0.014% | $2.4M | $2.6M | 25x | |
| OKX LA-USDT-SWAP | +0.0100% | 4h | 0.07393 | −0.054% | $1.3M | $2.9M | 20x | as long as short |
| KuCoin LAUSDTM | +0.0100% | 4h | 0.07400 | +0.041% | $1.0M | $80K | 30x | as long as short |
Bitget LAUSDT
BingX LA-USDT
Aster LAUSDT
BloFin LA-USDT
MEXC LA_USDT
Gate LA_USDT
OKX LA-USDT-SWAP
KuCoin LAUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LA_USDT_Perp | +0.0100% | 4h | 0.07400 | +0.041% | $142K | $441K | 10x | as long as short |
GRVT LA_USDT_Perp