Funding you earn now, next payment 04:00 UTC+0.1520%/8h= +166.4% APRnext payment +$7.60 per $10,000 · paid last 24h +0.005%
Price spread now: Binance against Bybit−0.040%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$314as in the Funding arb table
Net, price: spread back to 7d avg − costs−$314as in the Price arb table
costs, in and out, $10k−$3203.200% of the position
Funding, last 7 days+0.062%+$6 on $10k
+Price spread, last 4 days (all we have)−0.141%−$14 · spread now −0.040%, 7d avg −0.101%
=Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and Binance is 0.061% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.101%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.062% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.60 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 NEWTUSDT | 0.04946 | −0.1420 | get 0.0710% / 4h | 1h 41m | $652K | $710K | 20x |
| Short | Binance NEWTUSDT | 0.04944 | 0.0100 | get 0.0050% / 4h | 1h 41m | $1.3M | $2.4M | 25x |
Bybit NEWTUSDT
Binance NEWTUSDTFunding 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
- $319.17
- Price spread: −0.040% → −0.101%
- $6.08
- Slippage, 4 orders
- −$299.05
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $5.2
- Costs to cover
- 3.200%
- Break-even
- 6.9 days
Slippage from Bybit: live order book, 14 min ago; Binance: live order book, 9 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, 14 min ago | 5.06 bp | 96.5 bp −$96 | 634.2 bp −$6,342 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 5.05 bp | 45.8 bp −$46 | 273.2 bp −$2,732 | 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 NEWTUSDTlong | −0.1420% | 4h | 0.04946 | long leg | $652K | $710K | 20x | |
| Binance NEWTUSDTshort | +0.0100% | 4h | 0.04944 | −0.040% | $1.3M | $2.4M | 25x | |
| Gate NEWT_USDT | +0.0100% | 8h | 0.04933 | −0.263% | $134K | $66K | 10x | as long as short |
| MEXC NEWT_USDT | +0.0100% | 4h | 0.04942 | −0.081% | $368K | $161K | 50x | as long as short |
| KuCoin NEWTUSDTM | +0.0100% | 4h | 0.04936 | −0.202% | $329K | $46K | 25x | as long as short |
| Bitget NEWTUSDT | +0.0100% | 4h | 0.04946 | 0.000% | $355K | $244K | 20x | as long as short |
Gate NEWT_USDT
MEXC NEWT_USDT
KuCoin NEWTUSDTM
Bitget NEWTUSDT