Funding you earn now, next payment 04:00 UTC−0.0298%/8h= −32.7% APRnext payment −$1.49 per $10,000 · paid last 24h −0.028%
Price spread now: Binance against Bybit−0.076%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$536as in the Funding arb table
Net, price: spread back to 7d avg − costs−$533as in the Price arb table
costs, in and out, $10k−$5345.337% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 7 days+0.009%+$1 · spread now −0.076%, 7d avg −0.079%
=The price spread sits at its 7-day average of −0.079%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.49 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPENUSDT | 0.1440 | 0.0398 | pay 0.0199% / 4h | 5m 09s | $1.5M | $735K | 25x |
| Short | Binance OPENUSDT | 0.1439 | 0.0100 | get 0.0050% / 4h | 5m 09s | $7.1M | $2.5M | 75x |
Bybit OPENUSDT
Binance OPENUSDTFunding 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
- −$62.64
- Price spread: −0.076% → −0.079%
- $0.21
- Slippage, 4 orders
- −$512.66
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$596.09
- Costs to cover
- 5.337%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 4 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, 1 min ago | 4.52 bp | 273.2 bp −$273 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 3.47 bp | 33.4 bp −$33 | 147.8 bp −$1,478 | doesn't fit | doesn't fit |
OPEN on 9 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 OPENUSDT | +0.0100% | 4h | 0.1439 | −0.060% | $252K | $4K | 5x | as long as short |
| Binance OPENUSDTshort | +0.0100% | 4h | 0.1439 | −0.076% | $7.1M | $2.5M | 75x | |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1440 | −0.007% | $827K | $199K | 75x | as long as short |
| KuCoin OPENUSDTM | +0.0100% | 4h | 0.1442 | +0.139% | $2.4M | $46K | 30x | as long as short |
| Bitget OPENUSDT | +0.0100% | 4h | 0.1439 | −0.076% | $2.2M | $180K | 20x | as long as short |
| Extended OPEN-USD | +0.0104% | 1h | 0.1439 | −0.105% | $3K | $112K | 5x | as long as short |
| BloFin OPEN-USDT | +0.0143% | 4h | 0.1439 | −0.076% | $674K | $12K | 75x | as long as short |
| Bybit OPENUSDTlong | +0.0398% | 4h | 0.1440 | long leg | $1.5M | $735K | 25x | |
| Kraken Futures PF_OPENUSD | +0.0978% | 1h | 0.1438 | −0.112% | $14K | $55K | 10x | as long as short |
Aster OPENUSDT
Gate OPEN_USDT
KuCoin OPENUSDTM
Bitget OPENUSDT
Extended OPEN-USD
BloFin OPEN-USDT
Kraken Futures PF_OPENUSD