Funding you earn now, next payment 00:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.038%
Price spread now: Binance against Bybit−0.216%7-day average −0.180% · you buy dearer than you sell
Net, funding: paid 7d − costs−$306as in the Funding arb table
Net, price: spread back to 7d avg − costs−$303as in the Price arb table
costs, in and out, $10k−$2992.993% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.216%, 7d avg −0.180%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.037% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.180%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OGUSDT | 2.8201 | 0.0192 | pay 0.0192% / 8h | 32m 27s | $536K | $180K | 13x |
| Short | Binance OGUSDT | 2.8140 | 0.0100 | get 0.0050% / 4h | 32m 27s | $1.9M | $1.1M | 25x |
Bybit OGUSDT
Binance OGUSDTFunding 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
- −$19.35
- Price spread: −0.216% → −0.180%
- −$3.66
- Slippage, 4 orders
- −$278.34
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$322.35
- Costs to cover
- 2.993%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 38 min ago; Binance: live order book, 16 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, 38 min ago | 8.86 bp | 124.0 bp −$124 | 1190.3 bp −$11.9K | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 1.77 bp | 31.3 bp −$31 | 157.3 bp −$1,573 | 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 OGUSDTshort | +0.0100% | 4h | 2.8140 | −0.216% | $1.9M | $1.1M | 25x | |
| Gate OG_USDT | +0.0100% | 4h | 2.8090 | −0.394% | $98K | $29K | 25x | as long as short |
| MEXC OG_USDT | +0.0100% | 4h | 2.8140 | −0.216% | $751K | $222K | 50x | as long as short |
| KuCoin OGUSDTM | +0.0100% | 4h | 2.8207 | +0.021% | $169K | $72K | 25x | as long as short |
| Bitget OGUSDT | +0.0100% | 4h | 2.8149 | −0.184% | $264K | $125K | 20x | as long as short |
| Variational Omni OG | +0.0100% | 8h | 2.8202 | +0.003% | $1K | $241 | — | as long as short |
| BingX OG-USDT | +0.0182% | 4h | 2.8150 | −0.181% | — | $6.5M | — | as long as short |
| Bybit OGUSDTlong | +0.0192% | 8h | 2.8201 | long leg | $536K | $180K | 13x |
Gate OG_USDT
MEXC OG_USDT
KuCoin OGUSDTM
Bitget OGUSDT
Variational Omni OG
BingX OG-USDT