Funding you earn now, next payment 04:00 UTC−0.0088%/8h= −9.7% APRnext payment −$0.44 per $10,000 · paid last 24h −0.005%
Price spread now: Bybit against Binance+0.020%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$251as in the Funding arb table
Net, price: spread back to 7d avg − costs−$253as in the Price arb table
costs, in and out, $10k−$2452.446% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 4 days (all we have)+0.133%+$13 · spread now +0.020%, 7d avg +0.101%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.081% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.101%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NEWTUSDT | 0.04886 | 0.0100 | pay 0.0050% / 4h | 2h 30m | $1.3M | $2.2M | 25x |
| Short | Bybit NEWTUSDT | 0.04887 | 0.0012 | get 0.0006% / 4h | 2h 30m | $688K | $639K | 20x |
Binance NEWTUSDT
Bybit NEWTUSDTFunding 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
- −$18.55
- Price spread: +0.020% → +0.101%
- −$8.05
- Slippage, 4 orders
- −$223.62
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$271.22
- Costs to cover
- 2.446%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 29 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, 4 min ago | 3.06 bp | 37.2 bp −$37 | 322.1 bp −$3,221 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 29 min ago | 3.12 bp | 142.1 bp −$142 | doesn't fit | doesn't fit | doesn't fit |
NEWT on 6 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 NEWTUSDTshort | +0.0012% | 4h | 0.04887 | +0.020% | $688K | $639K | 20x | |
| Binance NEWTUSDTlong | +0.0100% | 4h | 0.04886 | long leg | $1.3M | $2.2M | 25x | |
| Gate NEWT_USDT | +0.0100% | 8h | 0.04886 | 0.000% | $132K | $59K | 10x | as long as short |
| MEXC NEWT_USDT | +0.0100% | 4h | 0.04888 | +0.041% | $371K | $159K | 50x | as long as short |
| KuCoin NEWTUSDTM | +0.0100% | 4h | 0.04889 | +0.061% | $326K | $47K | 25x | as long as short |
| Bitget NEWTUSDT | +0.0100% | 4h | 0.04892 | +0.123% | $339K | $235K | 20x | as long as short |
Gate NEWT_USDT
MEXC NEWT_USDT
KuCoin NEWTUSDTM
Bitget NEWTUSDT