Funding you earn now, next payment 00:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.038%
Price spread now: Bybit against Binance+0.071%7-day average +0.182% · you sell dearer than you buy
Net, funding: paid 7d − costs−$258as in the Funding arb table
Net, price: spread back to 7d avg − costs−$276as in the Price arb table
costs, in and out, $10k−$2652.652% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)+0.095%+$10 · spread now +0.071%, 7d avg +0.182%
=Funding pays, the price is against you. Bybit is 0.111% cheaper against Binance than usual: you would sell low and buy high (spread +0.071% now, against its 7-day average of +0.182%). If the spread goes back, that is −$11 on $10k: about 4.2 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.069% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OGUSDT | 2.8160 | 0.0100 | pay 0.0050% / 4h | 1h 21m | $1.9M | $1.1M | 25x |
| Short | Bybit OGUSDT | 2.8180 | 0.0189 | get 0.0189% / 8h | 1h 21m | $536K | $180K | 13x |
Binance OGUSDT
Bybit OGUSDTFunding 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
- $18.6
- Price spread: +0.071% → +0.182%
- −$11.08
- Slippage, 4 orders
- −$244.24
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$257.71
- Costs to cover
- 2.652%
- Break-even
- 104.0 days
Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 54 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, 13 min ago | 3.56 bp | 37.9 bp −$38 | 360.8 bp −$3,608 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 54 min ago | 5.34 bp | 62.8 bp −$63 | 400.2 bp −$4,002 | doesn't fit | doesn't fit |
OG on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance OGUSDTlong | +0.0100% | 4h | 2.8160 | long leg | $1.9M | $1.1M | 25x | |
| Gate OG_USDT | +0.0100% | 4h | 2.8130 | −0.107% | $98K | $29K | 25x | as long as short |
| MEXC OG_USDT | +0.0100% | 4h | 2.8160 | 0.000% | $751K | $227K | 50x | as long as short |
| KuCoin OGUSDTM | +0.0100% | 4h | 2.8148 | −0.043% | $168K | $72K | 25x | as long as short |
| Bitget OGUSDT | +0.0100% | 4h | 2.8155 | −0.018% | $262K | $123K | 20x | as long as short |
| Variational Omni OG | +0.0100% | 8h | 2.8161 | +0.005% | $1K | $241 | — | as long as short |
| Bybit OGUSDTshort | +0.0189% | 8h | 2.8180 | +0.071% | $536K | $180K | 13x | |
| BingX OG-USDT | +0.0190% | 4h | 2.8170 | +0.036% | — | $6.5M | — | as long as short |
Gate OG_USDT
MEXC OG_USDT
KuCoin OGUSDTM
Bitget OGUSDT
Variational Omni OG
BingX OG-USDT