Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.031%
Price spread now: Bybit against Binance−0.159%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$480.482% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 7 days+0.121%+$12 · spread now −0.159%, 7d avg −0.059%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.100% cheaper against Binance than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.059%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPUSDT | 0.1260 | 0.0100 | pay 0.0100% / 8h | 2h 13m | $20.4M | $62.7M | 75x |
| Short | Bybit OPUSDT | 0.1258 | 0.0100 | get 0.0100% / 8h | 2h 13m | $18.3M | $25.4M | 75x |
Binance OPUSDT
Bybit OPUSDTFunding 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
- $0
- Price spread: −0.159% → −0.059%
- −$9.96
- Slippage, 4 orders
- −$27.18
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$58.14
- Costs to cover
- 0.482%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 5 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, 14 min ago | 0.40 bp | 9.2 bp −$9 | 20.9 bp −$209 | 101.2 bp −$10.1K | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.40 bp | 10.8 bp −$11 | 32.6 bp −$326 | 115.6 bp −$11.6K | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1658% | 1h | 0.1259 | −0.079% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1066% / S +0.0229% | 1h | 0.1260 | +0.033% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0328% | 1h | 0.1243 | −1.349% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1263 | +0.231% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1260 | 0.000% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1261 | +0.069% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0039% | 8h | 0.1260 | 0.000% | $6K | $50K | 10x | as long as short |
| Variational Omni OP | +0.0040% | 8h | 0.1264 | +0.293% | $231K | $44K | — | as long as short |
| OKX OP-USDT-SWAP | +0.0088% | 8h | 0.1259 | −0.071% | $5.9M | $29.8M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1260 | +0.040% | $270K | $908K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
OKX OP-USDT-SWAP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1262 | +0.190% | $4.1M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1261 | +0.101% | $212K | $241K | 10x | as long as short |
| Binance OPUSDTlong | +0.0100% | 8h | 0.1260 | long leg | $20.4M | $62.7M | 75x | |
| Bybit OPUSDTshort | +0.0100% | 8h | 0.1258 | −0.159% | $18.3M | $25.4M | 75x | |
| Gate OP_USDT | +0.0100% | 8h | 0.1262 | +0.159% | $1.8M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1261 | +0.063% | $20.0M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1261 | +0.079% | $2.9M | $7.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1260 | 0.000% | $6.0M | $6.3M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1260 | 0.000% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1264 | +0.302% | $125K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1264 | +0.342% | $8K | $382K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1265 | +0.394% | $313K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1265 | +0.397% | $45K | $720K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1259 | −0.048% | $166 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1263 | +0.270% | $175K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1259 | −0.063% | $101K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1260 | −0.029% | $4K | — | 3x | as long as short |
| Kraken Futures PF_OPUSD | +0.0136% | 1h | 0.1261 | +0.043% | $779K | $731K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1261 | +0.056% | $1.0M | $281K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0436% | 1h | 0.1261 | +0.064% | $701 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP