Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h −0.028%
Price spread now: Binance against Bybit+0.016%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$516as in the Funding arb table
Net, price: spread back to 7d avg − costs−$548as in the Price arb table
costs, in and out, $10k−$5475.468% of the position
Funding, last 7 days+0.306%+$31 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.016%, 7d avg +0.031%
=The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OUSDT | 0.5592 | 0.0100 | pay 0.0050% / 4h | 2h 31m | $712K | $908K | 20x |
| Short | Binance OUSDT | 0.5593 | 0.0340 | get 0.0170% / 4h | 2h 31m | $4.7M | $1.9M | 10x |
Bybit OUSDT
Binance OUSDTFunding 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
- $50.45
- Price spread: +0.016% → +0.031%
- −$1.46
- Slippage, 4 orders
- −$525.83
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$497.85
- Costs to cover
- 5.468%
- Break-even
- 76.1 days
Slippage from Bybit: live order book, 34 min ago; Binance: live order book, 6 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, 34 min ago | 5.40 bp | 268.9 bp −$269 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 6.24 bp | 38.6 bp −$39 | 325.5 bp −$3,255 | doesn't fit | doesn't fit |
O 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 OUSDTlong | +0.0100% | 4h | 0.5592 | long leg | $712K | $908K | 20x | |
| Gate O_USDT | +0.0100% | 4h | 0.5590 | −0.036% | $1.5M | $488K | 20x | as long as short |
| KuCoin OUSDTM | +0.0100% | 4h | 0.5593 | +0.018% | $1.3M | $759K | 20x | as long as short |
| Bitget OUSDT | +0.0100% | 4h | 0.5594 | +0.036% | $1.6M | $295K | 10x | as long as short |
| Variational Omni O | +0.0100% | 4h | 0.5615 | +0.414% | $3K | $535 | — | as long as short |
| Aster OUSDT | +0.0232% | 4h | 0.5595 | +0.046% | $23K | $46K | 3x | as long as short |
| Binance OUSDTshort | +0.0340% | 4h | 0.5593 | +0.016% | $4.7M | $1.9M | 10x | |
| OKX O-USDT-SWAP | +0.0375% | 4h | 0.5605 | +0.232% | $1.5M | $1.1M | 10x | as long as short |
| MEXC O_USDT | +0.0380% | 4h | 0.5596 | +0.072% | $966K | $176K | 50x | as long as short |
| BingX O-USDT | +0.0442% | 4h | 0.5592 | 0.000% | — | $1.6M | — | as long as short |
Gate O_USDT
KuCoin OUSDTM
Bitget OUSDT
Variational Omni O
Aster OUSDT
OKX O-USDT-SWAP
MEXC O_USDT
BingX O-USDT