Funding you earn now, next payment 00:00 UTC−0.0488%/8h= −53.4% APRnext payment −$2.44 per $10,000 · paid last 24h −0.123%
Price spread now: Bybit against Binance−0.140%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$204as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1651.648% of the position
Funding, last 7 days−0.387%−$39 on $10k
+Price spread, last 7 days−0.059%−$6 · spread now −0.140%, 7d avg −0.054%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bybit is 0.086% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.054%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUSDT | 1.4824 | 0.0588 | pay 0.0294% / 4h | 2h 40m | $5.5M | $4.5M | 10x |
| Short | Bybit MUSDT | 1.4803 | 0.0100 | get 0.0050% / 4h | 2h 40m | $4.7M | $2.3M | 20x |
Binance MUSDT
Bybit MUSDTFunding 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
- −$102.46
- Price spread: −0.140% → −0.054%
- −$8.63
- Slippage, 4 orders
- −$143.79
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$275.88
- Costs to cover
- 1.648%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 2 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, 12 min ago | 0.34 bp | 37.2 bp −$37 | 406.0 bp −$4,060 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.37 bp | 40.4 bp −$40 | 264.9 bp −$2,649 | doesn't fit | doesn't fit |
M on 12 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 MUSDTshort | +0.0100% | 4h | 1.4803 | −0.140% | $4.7M | $2.3M | 20x | |
| Gate M_USDT | +0.0100% | 8h | 1.4798 | −0.174% | $2.0M | $887K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4817 | −0.046% | $1.9M | $342K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4786 | −0.258% | $91K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4828 | +0.028% | $2K | $139 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4814 | −0.066% | $1K | $536K | 20x | as long as short |
| Aster MUSDT | +0.0350% | 4h | 1.4819 | −0.032% | $15K | $115K | 5x | as long as short |
| BloFin M-USDT | +0.0547% | 4h | 1.4782 | −0.282% | $352K | $403K | 10x | as long as short |
| BingX M-USDT | +0.0548% | 4h | 1.4812 | −0.079% | — | $2.4M | — | as long as short |
| MEXC M_USDT | +0.0582% | 4h | 1.4827 | +0.022% | $249K | $110K | 50x | as long as short |
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BloFin M-USDT
BingX M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDTlong | +0.0588% | 4h | 1.4824 | long leg | $5.5M | $4.5M | 10x | |
| KuCoin MUSDTM | +0.0812% | 4h | 1.4685 | −0.935% | $1.4M | $4.4M | 10x | as long as short |
KuCoin MUSDTM