Funding you earn now, next payment 00:00 UTC+0.0385%/8h= +42.1% APRnext payment +$1.92 per $10,000 · paid last 24h +0.004%
Price spread now: Bybit against Binance+0.018%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$627as in the Funding arb table
Net, price: spread back to 7d avg − costs−$589as in the Price arb table
costs, in and out, $10k−$5945.941% of the position
Funding, last 7 days−0.331%−$33 on $10k
+Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.018%, 7d avg −0.032%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bybit is 0.050% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.032%. Mind the row above: over the last 7 days funding on this pair cost −0.331%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OUSDT | 0.5454 | 0.0246 | pay 0.0123% / 4h | 10m 58s | $4.6M | $1.7M | 10x |
| Short | Bybit OUSDT | 0.5455 | 0.0631 | get 0.0315% / 4h | 10m 58s | $628K | $843K | 20x |
Binance OUSDT
Bybit OUSDTFunding 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
- $80.82
- Price spread: +0.018% → −0.032%
- $4.99
- Slippage, 4 orders
- −$573.14
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$508.33
- Costs to cover
- 5.941%
- Break-even
- 51.0 days
Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 64 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, 11 min ago | 6.41 bp | 30.8 bp −$31 | 419.1 bp −$4,191 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 64 min ago | 8.26 bp | 330.8 bp −$331 | doesn't fit | doesn't fit | doesn't fit |
O 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OUSDT | +0.0100% | 4h | 0.5450 | −0.071% | $25K | $45K | 3x | as long as short |
| Gate O_USDT | +0.0100% | 4h | 0.5450 | −0.073% | $1.5M | $461K | 20x | as long as short |
| KuCoin OUSDTM | +0.0100% | 4h | 0.5450 | −0.073% | $1.2M | $784K | 20x | as long as short |
| Bitget OUSDT | +0.0100% | 4h | 0.5451 | −0.055% | $1.5M | $239K | 10x | as long as short |
| Variational Omni O | +0.0100% | 4h | 0.5454 | +0.004% | $3K | $535 | — | as long as short |
| MEXC O_USDT | +0.0148% | 4h | 0.5451 | −0.055% | $914K | $172K | 50x | as long as short |
| OKX O-USDT-SWAP | +0.0149% | 4h | 0.5451 | −0.055% | $1.4M | $952K | 10x | as long as short |
| Binance OUSDTlong | +0.0246% | 4h | 0.5454 | long leg | $4.6M | $1.7M | 10x | |
| BloFin O-USDT | +0.0573% | 4h | 0.5452 | −0.037% | $232K | $6K | 20x | as long as short |
| BingX O-USDT | +0.0604% | 4h | 0.5458 | +0.073% | — | $1.7M | — | as long as short |
Aster OUSDT
Gate O_USDT
KuCoin OUSDTM
Bitget OUSDT
Variational Omni O
MEXC O_USDT
OKX O-USDT-SWAP
BloFin O-USDT
BingX O-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit OUSDTshort | +0.0631% | 4h | 0.5455 | +0.018% | $628K | $843K | 20x |