Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.01204 | +0.0917 | pay 0.0458% / 4h | 2h 03m | $2.6M | $2.9M | 10x | Long Binance | |
| SHORT | 0.01204 | +0.5126 | get 0.2563% / 4h | 2h 03m | $251K | $202K | 12.5x | Short Bybit |
Price gap+0.014%
Funding gap+0.4209% /8h
Both sides work: funding pays +$126 a day on $10k, and the gap is 0.173% above its 7d average: +$17 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$15+0.4209% /8h now · paid +0.152% over the last 7D
Price+$17spread +0.014% now, avg −0.159% → +0.173% if it goes back
Costs−$6366.364% of $10k · taker + slippage, in and out
Result−$604−6.04%no points
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.152% in total, about +0.0072%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.014%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPLAY on 7 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size77.1 / 301.5 bpAt $10k entering Bybit costs 301.5 bp, fee and slippage, 3.9× Binance’s.
- Note: Margin at max leverage$1,000 + $800Binance 10x, Bybit 12.5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$126.26Long Binance: 6 payments, −$27.50; short Bybit: 6 payments, +$153.77.
- OK: Entry gap works for you+0.014% vs −0.159%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$251K vs $2.6M OIBybit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBinance Yes · Bybit YesVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0072%/8h × 21 periods+$15.19
Price spread+0.014% → −0.159% (7d avg)+$17.28
Slippage, 4 orderslive order books−$615.40
Fee Binance bp × 2 orders−$10.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$603.93
Costs to cover6.364%Break-even285.4 days
Slippage: Binance: live order book, 5 min ago; Bybit: live order book, 34 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance8.3177.1 bp−$77695.5 bp−$6,955doesn’t fitdoesn’t fit
SELL · SHORTBybit12.45301.5 bp−$302doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.