Funding you earn now, next payment 04:00 UTC+0.1698%/8h= +185.9% APRnext payment +$8.49 per $10,000 · paid last 24h +0.170%
Price spread now: Binance against Bybit+0.062%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1451.445% of the position
Funding, last 7 days+0.458%+$46 on $10k
+Price spread, last 7 days+0.135%+$14 · spread now +0.062%, 7d avg +0.051%
=The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: +$51 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.458% in total (about 23.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.49 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 | Bybit MUSDT | 1.4529 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $4.6M | $1.9M | 20x |
| Short | Binance MUSDT | 1.4538 | 0.1798 | get 0.0899% / 4h | 2h 55m | $5.6M | $3.8M | 10x |
Bybit MUSDT
Binance MUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $356.52
- Price spread: +0.062% → +0.051%
- $1.05
- Slippage, 4 orders
- −$123.55
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $213.02
- Costs to cover
- 1.445%
- Break-even
- 2.8 days
Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 13 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 Bybit live order book, 2 min ago | 3.44 bp | 42.7 bp −$43 | 257.9 bp −$2,579 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 1.74 bp | 32.1 bp −$32 | 272.5 bp −$2,725 | 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 MUSDTlong | +0.0100% | 4h | 1.4529 | long leg | $4.6M | $1.9M | 20x | |
| Gate M_USDT | +0.0100% | 8h | 1.4527 | −0.014% | $2.0M | $857K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4565 | +0.248% | $90K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4553 | +0.165% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4555 | +0.179% | $2K | $668K | 20x | as long as short |
| Bitget MUSDT | +0.0224% | 4h | 1.4550 | +0.145% | $1.9M | $243K | 10x | as long as short |
| Aster MUSDT | +0.1417% | 4h | 1.4520 | −0.061% | $14K | $115K | 5x | as long as short |
| BingX M-USDT | +0.1766% | 4h | 1.4532 | +0.021% | — | $2.4M | — | as long as short |
| MEXC M_USDT | +0.1796% | 4h | 1.4537 | +0.055% | $244K | $105K | 50x | as long as short |
| Binance MUSDTshort | +0.1798% | 4h | 1.4538 | +0.062% | $5.6M | $3.8M | 10x |
Gate M_USDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Bitget MUSDT
Aster MUSDT
BingX M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.1838% | 4h | 1.4532 | +0.021% | $355K | $431K | 10x | as long as short |
| KuCoin MUSDTM | +0.3744% | 4h | 1.4399 | −0.894% | $1.4M | $4.1M | 10x | as long as short |
BloFin M-USDT
KuCoin MUSDTM