Funding you earn now, next payment 08:00 UTC+0.0131%/8h= +14.3% APRnext payment +$1.31 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.092%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1271.271% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 7 days−0.029%−$3 · spread now +0.092%, 7d avg +0.023%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.068% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance 1000LUNCUSDT | 0.00005446 | 0.0100 | pay 0.0100% / 8h | 3h 13m | $4.1M | $7.9M | 75x |
| Short | Bybit 1000LUNCUSDT | 0.00005451 | 0.0231 | get 0.0231% / 8h | 3h 13m | $1.9M | $783K | 25x |
Binance 1000LUNCUSDT
Bybit 1000LUNCUSDTFunding 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
- $27.48
- Price spread: +0.092% → +0.023%
- $6.83
- Slippage, 4 orders
- −$106.13
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$92.82
- Costs to cover
- 1.271%
- Break-even
- 30.6 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 | 0.92 bp | 14.9 bp −$15 | 41.5 bp −$415 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.58 bp | 52.8 bp −$53 | 156.8 bp −$1,568 | doesn't fit | doesn't fit |
LUNC 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC LUNC_USDT | −0.0647% | 8h | 0.00005443 | −0.055% | $17.2M | $1.3M | 200x | as long as short |
| Hyperliquid kLUNC | +0.0100% | 1h | 0.00005454 | +0.152% | $284K | $111K | 3x | as long as short |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005446 | +0.009% | $47K | $15K | 10x | as long as short |
| Binance 1000LUNCUSDTlong | +0.0100% | 8h | 0.00005446 | long leg | $4.1M | $7.9M | 75x | |
| Gate LUNC_USDT | +0.0100% | 8h | 0.00005450 | +0.073% | $390K | $237K | 75x | as long as short |
| Bitget LUNCUSDT | +0.0100% | 8h | 0.00005442 | −0.073% | $1.2M | $518K | 25x | as long as short |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005444 | −0.029% | $2K | — | 10x | as long as short |
| BloFin 1000LUNC-USDT | +0.0220% | 8h | 0.00005444 | −0.037% | $384K | $37K | 75x | as long as short |
| Bybit 1000LUNCUSDTshort | +0.0231% | 8h | 0.00005451 | +0.092% | $1.9M | $783K | 25x | |
| BingX LUNC-USDT | +0.0235% | 8h | 0.00005453 | +0.129% | — | $2.0M | — | as long as short |
MEXC LUNC_USDT
Hyperliquid kLUNC
Aster 1000LUNCUSDT
Gate LUNC_USDT
Bitget LUNCUSDT
Extended kLUNC-USD
BloFin 1000LUNC-USDT
BingX LUNC-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LUNCUSDTM | +0.0399% | 8h | 0.00005449 | +0.064% | $1.7M | $668K | 50x | as long as short |
KuCoin LUNCUSDTM