Funding you earn now, next payment 08:00 UTC+0.0749%/8h= +82.0% APRnext payment +$3.74 per $10,000 · paid last 24h +0.366%
Price spread now: Bybit against Binance−0.157%7-day average +0.204% · you buy dearer than you sell
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$301as in the Price arb table
costs, in and out, $10k−$2652.652% of the position
Funding, last 7 days+0.683%+$68 on $10k
+Price spread, last 7 days+0.734%+$73 · spread now −0.157%, 7d avg +0.204%
=Funding pays, the price is against you. Bybit is 0.361% cheaper against Binance than usual: you would sell low and buy high (spread −0.157% now, against its 7-day average of +0.204%). If the spread goes back, that is −$36 on $10k: about 39 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.683% in total) that is about 3.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance POWRUSDT | 0.06372 | 0.0100 | pay 0.0050% / 4h | 1m 44s | $1.4M | $2.2M | 50x |
| Short | Bybit POWRUSDT | 0.06362 | 0.0849 | get 0.0424% / 4h | 1m 44s | $919K | $537K | 13x |
Binance POWRUSDT
Bybit POWRUSDTFunding 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
- $157.27
- Price spread: −0.157% → +0.204%
- −$36.12
- Slippage, 4 orders
- −$244.21
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$144.07
- Costs to cover
- 2.652%
- Break-even
- 13.4 days
Slippage from Binance: live order book, 3 min ago; Bybit: live order book, 59 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, 3 min ago | 0.79 bp | 40.4 bp −$40 | 166.5 bp −$1,665 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 59 min ago | 3.93 bp | 106.5 bp −$106 | doesn't fit | doesn't fit | doesn't fit |
POWR on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX POWR-USDT | +0.0070% | 4h | 0.06367 | −0.078% | — | $1.3M | — | as long as short |
| Aster POWRUSDT | +0.0100% | 4h | 0.06368 | −0.062% | $13K | $43K | 5x | as long as short |
| Binance POWRUSDTlong | +0.0100% | 4h | 0.06372 | long leg | $1.4M | $2.2M | 50x | |
| Gate POWR_USDT | +0.0100% | 4h | 0.06365 | −0.110% | $106K | $29K | 10x | as long as short |
| MEXC POWR_USDT | +0.0100% | 4h | 0.06371 | −0.016% | $1.1M | $114K | 50x | as long as short |
| KuCoin POWRUSDTM | +0.0100% | 4h | 0.06398 | +0.408% | $644K | $105K | 30x | as long as short |
| Bitget POWRUSDT | +0.0100% | 4h | 0.06369 | −0.047% | $372K | $203K | 50x | as long as short |
| Variational Omni POWR | +0.0239% | 4h | 0.06363 | −0.147% | $508 | $2K | — | as long as short |
| Kraken Futures PF_POWRUSD | +0.0389% | 1h | 0.06383 | +0.165% | $16K | $11K | 10x | as long as short |
| Bybit POWRUSDTshort | +0.0849% | 4h | 0.06362 | −0.157% | $919K | $537K | 13x |
BingX POWR-USDT
Aster POWRUSDT
Gate POWR_USDT
MEXC POWR_USDT
KuCoin POWRUSDTM
Bitget POWRUSDT
Variational Omni POWR
Kraken Futures PF_POWRUSD