Funding you earn now, next payment 08:00 UTC−0.0049%/8h= −5.3% APRpaid last 24h −0.007%
Price spread now: Bybit against Binance−0.064%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$760.762% of the position
Funding, last 7 days−0.281%−$28 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now −0.064%, 7d avg −0.104%
=The price spread pays, funding is against you. Bybit is 0.040% dearer against Binance than usual: you sell high and buy low (spread −0.064% now, against its 7-day average of −0.104%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.281% in total) that is about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance LUNA2USDT | 0.05333 | 0.0149 | pay 0.0074% / 4h | 1h 42m | $2.9M | $13.7M | 50x |
| Short | Bybit LUNA2USDT | 0.05330 | 0.0100 | get 0.0100% / 8h | 1h 42m | $1.1M | $1.5M | 50x |
Binance LUNA2USDT
Bybit LUNA2USDTFunding 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
- −$10.23
- Price spread: −0.064% → −0.104%
- $4.05
- Slippage, 4 orders
- −$55.25
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$82.42
- Costs to cover
- 0.762%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 4 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, 13 min ago | 0.94 bp | 14.4 bp −$14 | 50.1 bp −$501 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.75 bp | 22.3 bp −$22 | 102.8 bp −$1,028 | doesn't fit | doesn't fit |
LUNA2 on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster LUNA2USDT | +0.0100% | 4h | 0.05332 | −0.023% | $13K | $55K | 5x | as long as short |
| Bybit LUNA2USDTshort | +0.0100% | 8h | 0.05330 | −0.064% | $1.1M | $1.5M | 50x | |
| Variational Omni LUNA2 | +0.0100% | 8h | 0.05331 | −0.053% | $17K | $3K | — | as long as short |
| Binance LUNA2USDTlong | +0.0149% | 4h | 0.05333 | long leg | $2.9M | $13.7M | 50x | |
| BloFin LUNA2-USDT | +0.0170% | 4h | 0.05339 | +0.105% | $277K | $27K | 50x | as long as short |
| Kraken Futures PF_LUNA2USD | +0.0916% | 1h | 0.05337 | +0.070% | $13K | $7K | 10x | as long as short |
Aster LUNA2USDT
Variational Omni LUNA2
BloFin LUNA2-USDT
Kraken Futures PF_LUNA2USD