Funding you earn now, next payment 04:00 UTC+0.0437%/8h= +47.9% APRnext payment +$2.19 per $10,000 · paid last 24h +0.149%
Price spread now: Binance against Bybit+0.124%7-day average +0.215% · you sell dearer than you buy
Net, funding: paid 7d − costs−$411as in the Funding arb table
Net, price: spread back to 7d avg − costs−$457as in the Price arb table
costs, in and out, $10k−$4484.476% of the position
Funding, last 7 days+0.369%+$37 on $10k
+Price spread, last 7 days−0.018%−$2 · spread now +0.124%, 7d avg +0.215%
=Funding pays, the price is against you. Binance is 0.091% cheaper against Bybit than usual: you would sell low and buy high (spread +0.124% now, against its 7-day average of +0.215%). If the spread goes back, that is −$9 on $10k: about 17 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.369% in total) that is about 42 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NAORISUSDT | 0.03705 | 0.0100 | pay 0.0050% / 4h | 3h 15m | $1.1M | $493K | 20x |
| Short | Binance NAORISUSDT | 0.03709 | 0.0537 | get 0.0269% / 4h | 3h 15m | $4.9M | $1.3M | 10x |
Bybit NAORISUSDT
Binance NAORISUSDTFunding 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
- $91.81
- Price spread: +0.124% → +0.215%
- −$9.15
- Slippage, 4 orders
- −$426.63
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$364.96
- Costs to cover
- 4.476%
- Break-even
- 34.8 days
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 7 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, 5 min ago | 6.76 bp | 150.1 bp −$150 | 6266.2 bp −$62.7K | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 4.05 bp | 61.8 bp −$62 | 437.9 bp −$4,379 | doesn't fit | doesn't fit |
NAORIS 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NAORISUSDTlong | +0.0100% | 4h | 0.03705 | long leg | $1.1M | $493K | 20x | |
| Gate NAORIS_USDT | +0.0100% | 4h | 0.03704 | −0.016% | $289K | $19K | 20x | as long as short |
| KuCoin NAORISUSDTM | +0.0100% | 4h | 0.03703 | −0.043% | $445K | $26K | 10x | as long as short |
| Bitget NAORISUSDT | +0.0100% | 4h | 0.03711 | +0.173% | $3.3M | $233K | 10x | as long as short |
| Variational Omni NAORIS | +0.0100% | 4h | 0.03702 | −0.072% | $76K | $24K | — | as long as short |
| Aster NAORISUSDT | +0.0305% | 4h | 0.03706 | +0.039% | $5K | $5K | 5x | as long as short |
| BloFin NAORIS-USDT | +0.0484% | 4h | 0.03706 | +0.038% | $283K | $10K | 10x | as long as short |
| BingX NAORIS-USDT | +0.0515% | 4h | 0.03707 | +0.065% | — | $1.3M | — | as long as short |
| Extended NAORIS-USD | +0.0536% | 1h | 0.03708 | +0.101% | $2K | $102K | 5x | as long as short |
| MEXC NAORIS_USDT | +0.0536% | 4h | 0.03708 | +0.092% | $4.3M | $216K | 100x | as long as short |
Gate NAORIS_USDT
KuCoin NAORISUSDTM
Bitget NAORISUSDT
Variational Omni NAORIS
Aster NAORISUSDT
BloFin NAORIS-USDT
BingX NAORIS-USDT
Extended NAORIS-USD
MEXC NAORIS_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NAORISUSDTshort | +0.0537% | 4h | 0.03709 | +0.124% | $4.9M | $1.3M | 10x |