Funding you earn now, next payment 04:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.20 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.168%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$222as in the Funding arb table
Net, price: spread back to 7d avg − costs−$232as in the Price arb table
costs, in and out, $10k−$2222.222% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.207%+$21 · spread now −0.168%, 7d avg −0.073%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.094% cheaper against Bybit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.073%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PIXELUSDT | 0.005485 | 0.0139 | pay 0.0070% / 4h | 1h 22m | $529K | $200K | 25x |
| Short | Binance PIXELUSDT | 0.005476 | 0.0100 | get 0.0050% / 4h | 1h 22m | $1.8M | $1.7M | 25x |
Bybit PIXELUSDT
Binance PIXELUSDTFunding 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
- −$8.26
- Price spread: −0.168% → −0.073%
- −$9.44
- Slippage, 4 orders
- −$201.2
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$239.9
- Costs to cover
- 2.222%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 33 min ago; Binance: live order book, 11 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, 33 min ago | 4.57 bp | 79.9 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 1.83 bp | 24.2 bp −$24 | 152.7 bp −$1,527 | doesn't fit | doesn't fit |
PIXEL 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 PIXEL-USDT | +0.0043% | 4h | 0.005461 | −0.438% | $117K | $10K | 50x | as long as short |
| Aster PIXELUSDT | +0.0100% | 4h | 0.005482 | −0.060% | $4K | $4K | 5x | as long as short |
| Binance PIXELUSDTshort | +0.0100% | 4h | 0.005476 | −0.168% | $1.8M | $1.7M | 25x | |
| Gate PIXEL_USDT | +0.0100% | 4h | 0.005477 | −0.146% | $154K | $40K | 50x | as long as short |
| MEXC PIXEL_USDT | +0.0100% | 4h | 0.005485 | 0.000% | $914K | $207K | 20x | as long as short |
| KuCoin PIXELUSDTM | +0.0100% | 4h | 0.005478 | −0.128% | $360K | $73K | 25x | as long as short |
| Bitget PIXELUSDT | +0.0100% | 4h | 0.005473 | −0.219% | $586K | $404K | 25x | as long as short |
| BingX PIXEL-USDT | +0.0100% | 4h | 0.005479 | −0.109% | — | $1.3M | — | as long as short |
| Variational Omni PIXEL | +0.0100% | 4h | 0.005463 | −0.394% | $1K | $254 | — | as long as short |
| Bybit PIXELUSDTlong | +0.0139% | 4h | 0.005485 | long leg | $529K | $200K | 25x |
BloFin PIXEL-USDT
Aster PIXELUSDT
Gate PIXEL_USDT
MEXC PIXEL_USDT
KuCoin PIXELUSDTM
Bitget PIXELUSDT
BingX PIXEL-USDT
Variational Omni PIXELShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PIXELUSD | +0.2886% | 1h | 0.005507 | +0.405% | $5K | $2K | 10x | as long as short |
Kraken Futures PF_PIXELUSD