Funding you earn now, next payment 00:00 UTC−0.0904%/8h= −99.0% APRnext payment −$4.52 per $10,000 · paid last 24h −0.043%
Price spread now: Bybit against Binance−0.015%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$244as in the Price arb table
costs, in and out, $10k−$2432.428% of the position
Funding, last 7 days+0.305%+$30 on $10k
+Price spread, last 4 days (all we have)−0.177%−$18 · spread now −0.015%, 7d avg −0.007%
=The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$27 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.305%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.305% in total (about 15.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PTBUSDT | 0.001223 | 0.1004 | pay 0.0502% / 4h | 1h 51m | $9.1M | $183.2M | 20x |
| Short | Bybit PTBUSDT | 0.001223 | 0.0100 | get 0.0050% / 4h | 1h 51m | $2.0M | $27.2M | 25x |
Binance PTBUSDT
Bybit PTBUSDTFunding 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
- −$189.92
- Price spread: −0.015% → −0.007%
- −$0.79
- Slippage, 4 orders
- −$221.78
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$433.5
- Costs to cover
- 2.428%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 2 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 | 2.05 bp | 23.1 bp −$23 | 156.6 bp −$1,566 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.08 bp | 110.8 bp −$111 | 543.1 bp −$5,431 | doesn't fit | doesn't fit |
PTB 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PTBUSDTshort | +0.0100% | 4h | 0.001223 | −0.015% | $2.0M | $27.2M | 25x | |
| Variational Omni PTB | +0.0100% | 4h | 0.001223 | −0.019% | $26K | $55K | — | as long as short |
| Aster PTBUSDT | +0.0947% | 4h | 0.001223 | −0.006% | $74K | $1.0M | 5x | as long as short |
| BingX PTB-USDT | +0.0980% | 4h | 0.001224 | +0.051% | — | $2.5M | — | as long as short |
| Extended kPTB-USD | +0.1000% | 1h | 0.001222 | −0.048% | $4K | $45K | 5x | as long as short |
| MEXC PTB_USDT | +0.1002% | 4h | 0.001223 | +0.018% | $446K | $1.2M | 20x | as long as short |
| Binance PTBUSDTlong | +0.1004% | 4h | 0.001223 | long leg | $9.1M | $183.2M | 20x | |
| BloFin PTB-USDT | +0.1040% | 4h | 0.001228 | +0.410% | $531K | $1.0M | 20x | as long as short |
| KuCoin PTBUSDTM | +0.1106% | 4h | 0.001222 | −0.064% | $1.9M | $8.6M | 20x | as long as short |
| Gate PTB_USDT | +0.1372% | 4h | 0.001221 | −0.211% | $2.0M | $7.6M | 25x | as long as short |
Variational Omni PTB
Aster PTBUSDT
BingX PTB-USDT
Extended kPTB-USD
MEXC PTB_USDT
BloFin PTB-USDT
KuCoin PTBUSDTM
Gate PTB_USDT