Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.133%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$328as in the Funding arb table
Net, price: spread back to 7d avg − costs−$312as in the Price arb table
costs, in and out, $10k−$3193.189% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 7 days−0.114%−$11 · spread now +0.133%, 7d avg +0.061%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.072% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PORTALUSDT | 0.01976 | 0.0100 | pay 0.0050% / 4h | 2h 30m | $3.2M | $5.1M | 10x |
| Short | Bybit PORTALUSDT | 0.01978 | 0.0100 | get 0.0050% / 4h | 2h 30m | $1.3M | $896K | 20x |
Binance PORTALUSDT
Bybit PORTALUSDTFunding 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: +0.133% → +0.061%
- $7.23
- Slippage, 4 orders
- −$297.88
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$311.66
- Costs to cover
- 3.189%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 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, 8 min ago | 2.55 bp | 25.0 bp −$25 | 340.0 bp −$3,400 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.76 bp | 142.9 bp −$143 | doesn't fit | doesn't fit | doesn't fit |
PORTAL 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 PORTALUSDT | +0.0100% | 4h | 0.01976 | +0.012% | $8K | $38K | 5x | as long as short |
| Binance PORTALUSDTlong | +0.0100% | 4h | 0.01976 | long leg | $3.2M | $5.1M | 10x | |
| Bybit PORTALUSDTshort | +0.0100% | 4h | 0.01978 | +0.133% | $1.3M | $896K | 20x | |
| MEXC PORTAL_USDT | +0.0100% | 4h | 0.01976 | +0.012% | $858K | $398K | 50x | as long as short |
| KuCoin PORTALUSDTM | +0.0100% | 4h | 0.01977 | +0.062% | $336K | $124K | 10x | as long as short |
| BingX PORTAL-USDT | +0.0100% | 4h | 0.01976 | +0.012% | — | $1.3M | — | as long as short |
| Variational Omni PORTAL | +0.0100% | 4h | 0.01977 | +0.081% | $1K | $6K | — | as long as short |
| BloFin PORTAL-USDT | +0.0135% | 4h | 0.01975 | −0.039% | $200K | $18K | 10x | as long as short |
| Kraken Futures PF_PORTALUSD | +0.3499% | 1h | 0.01983 | +0.351% | $36K | $227K | 10x | as long as short |
Aster PORTALUSDT
MEXC PORTAL_USDT
KuCoin PORTALUSDTM
BingX PORTAL-USDT
Variational Omni PORTAL
BloFin PORTAL-USDT
Kraken Futures PF_PORTALUSD