Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Binance−0.440%7-day average −0.250% · you buy dearer than you sell
Net, funding: paid 7d − costs−$285as in the Funding arb table
Net, price: spread back to 7d avg − costs−$304as in the Price arb table
costs, in and out, $10k−$2852.850% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days+0.182%+$18 · spread now −0.440%, 7d avg −0.250%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.190% cheaper against Binance than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.250%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORDERUSDT | 0.03971 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $1.4M | $1.5M | 50x |
| Short | Bybit ORDERUSDT | 0.03954 | 0.0100 | get 0.0100% / 8h | 2h 41m | $1.3M | $606K | 20x |
Binance ORDERUSDT
Bybit ORDERUSDTFunding 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: −0.440% → −0.250%
- −$19.02
- Slippage, 4 orders
- −$263.95
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$303.97
- Costs to cover
- 2.850%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Bybit: 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 Binance live order book, 7 min ago | 3.76 bp | 60.2 bp −$60 | 305.0 bp −$3,050 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 5.03 bp | 69.9 bp −$70 | 291.7 bp −$2,917 | doesn't fit | doesn't fit |
ORDER on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ORDER-USDT | +0.0080% | 8h | 0.03957 | −0.365% | $66K | $7K | 16x | as long as short |
| Binance ORDERUSDTlong | +0.0100% | 4h | 0.03971 | long leg | $1.4M | $1.5M | 50x | |
| Bybit ORDERUSDTshort | +0.0100% | 8h | 0.03954 | −0.440% | $1.3M | $606K | 20x | |
| OKX ORDER-USDT-SWAP | +0.0100% | 4h | 0.03969 | −0.063% | $161K | $308K | 20x | as long as short |
| Gate ORDER_USDT | +0.0100% | 4h | 0.03964 | −0.188% | $72K | $80K | 20x | as long as short |
| MEXC ORDER_USDT | +0.0100% | 4h | 0.03970 | −0.037% | $275K | $100K | 20x | as long as short |
| KuCoin ORDERUSDTM | +0.0100% | 4h | 0.03966 | −0.138% | $220K | $90K | 30x | as long as short |
| Bitget ORDERUSDT | +0.0100% | 4h | 0.03961 | −0.264% | $475K | $202K | 20x | as long as short |
| Variational Omni ORDER | +0.0100% | 8h | 0.03976 | +0.102% | $10K | $2K | — | as long as short |
| BingX ORDER-USDT | +0.0200% | 4h | 0.03964 | −0.188% | — | $1.3M | — | as long as short |
BloFin ORDER-USDT
OKX ORDER-USDT-SWAP
Gate ORDER_USDT
MEXC ORDER_USDT
KuCoin ORDERUSDTM
Bitget ORDERUSDT
Variational Omni ORDER
BingX ORDER-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ORDER_USDC | +0.0809% | 4h | 0.03971 | −0.012% | $187K | $215K | 10x | as long as short |
Orderly PERP_ORDER_USDC