Funding you earn now, next payment 04:00 UTC−0.0390%/8h= −42.7% APRnext payment −$1.95 per $10,000 · paid last 24h −0.149%
Price spread now: Bybit against Binance−0.096%7-day average −0.217% · you buy dearer than you sell
Net, funding: paid 7d − costs−$460as in the Funding arb table
Net, price: spread back to 7d avg − costs−$411as in the Price arb table
costs, in and out, $10k−$4234.232% of the position
Funding, last 7 days−0.369%−$37 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now −0.096%, 7d avg −0.217%
=The price spread pays, funding is against you. Bybit is 0.121% dearer against Binance than usual: you sell high and buy low (spread −0.096% now, against its 7-day average of −0.217%): +$12 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.369% in total) that is about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NAORISUSDT | 0.03709 | 0.0490 | pay 0.0245% / 4h | 2h 30m | $5.0M | $1.4M | 10x |
| Short | Bybit NAORISUSDT | 0.03705 | 0.0100 | get 0.0050% / 4h | 2h 30m | $1.1M | $496K | 20x |
Binance NAORISUSDT
Bybit NAORISUSDTFunding 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
- −$81.9
- Price spread: −0.096% → −0.217%
- $12.09
- Slippage, 4 orders
- −$402.17
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$492.99
- Costs to cover
- 4.232%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; Bybit: live order book, 1 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, 8 min ago | 5.40 bp | 79.1 bp −$79 | 522.9 bp −$5,229 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 8.10 bp | 128.5 bp −$128 | doesn't fit | doesn't fit | doesn't fit |
NAORIS on 10 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 NAORISUSDTshort | +0.0100% | 4h | 0.03705 | −0.096% | $1.1M | $496K | 20x | |
| Gate NAORIS_USDT | +0.0100% | 4h | 0.03705 | −0.106% | $289K | $17K | 20x | as long as short |
| KuCoin NAORISUSDTM | +0.0100% | 4h | 0.03708 | −0.026% | $437K | $28K | 10x | as long as short |
| Bitget NAORISUSDT | +0.0100% | 4h | 0.03716 | +0.190% | $3.3M | $239K | 10x | as long as short |
| Variational Omni NAORIS | +0.0100% | 4h | 0.03704 | −0.122% | $76K | $24K | — | as long as short |
| Aster NAORISUSDT | +0.0362% | 4h | 0.03703 | −0.160% | $5K | $5K | 5x | as long as short |
| BingX NAORIS-USDT | +0.0486% | 4h | 0.03709 | +0.001% | — | $1.3M | — | as long as short |
| Extended NAORIS-USD | +0.0488% | 1h | 0.03708 | −0.025% | $3K | $102K | 5x | as long as short |
| Binance NAORISUSDTlong | +0.0490% | 4h | 0.03709 | long leg | $5.0M | $1.4M | 10x | |
| MEXC NAORIS_USDT | +0.0494% | 4h | 0.03698 | −0.295% | $4.3M | $229K | 100x | as long as short |
Gate NAORIS_USDT
KuCoin NAORISUSDTM
Bitget NAORISUSDT
Variational Omni NAORIS
Aster NAORISUSDT
BingX NAORIS-USDT
Extended NAORIS-USD
MEXC NAORIS_USDT