Funding you earn now, next payment 00:00 UTC+0.0599%/8h= +65.6% APRnext payment +$2.99 per $10,000 · paid last 24h +0.043%
Price spread now: Binance against Bybit−0.180%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$288as in the Funding arb table
Net, price: spread back to 7d avg − costs−$276as in the Price arb table
costs, in and out, $10k−$2572.570% of the position
Funding, last 7 days−0.305%−$30 on $10k
+Price spread, last 4 days (all we have)+0.365%+$37 · spread now −0.180%, 7d avg +0.006%
=Funding pays, the price is against you. Binance is 0.187% cheaper against Bybit than usual: you would sell low and buy high (spread −0.180% now, against its 7-day average of +0.006%). If the spread goes back, that is −$19 on $10k: about 25 hours of funding at the current rate (+$18 a day). Mind the row above: over the last 7 days funding on this pair cost −0.305%, so the current rate has only just turned in your favour.
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 +$2.99 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 | Bybit PTBUSDT | 0.001221 | 0.0100 | pay 0.0050% / 4h | 8m 17s | $2.0M | $27.5M | 25x |
| Short | Binance PTBUSDT | 0.001218 | 0.0699 | get 0.0349% / 4h | 8m 17s | $9.1M | $184.3M | 20x |
Bybit PTBUSDT
Binance PTBUSDTFunding 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
- $125.75
- Price spread: −0.180% → +0.006%
- −$18.67
- Slippage, 4 orders
- −$236.05
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$149.97
- Costs to cover
- 2.570%
- Break-even
- 15.3 days
Slippage from Bybit: live order book, 5 min ago; Binance: 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 Bybit live order book, 5 min ago | 2.82 bp | 93.0 bp −$93 | 531.5 bp −$5,315 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 1.22 bp | 24.0 bp −$24 | 133.6 bp −$1,336 | 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 PTBUSDTlong | +0.0100% | 4h | 0.001221 | long leg | $2.0M | $27.5M | 25x | |
| Variational Omni PTB | +0.0100% | 4h | 0.001223 | +0.207% | $41K | $71K | — | as long as short |
| Aster PTBUSDT | +0.0521% | 4h | 0.001219 | −0.179% | $73K | $1.0M | 5x | as long as short |
| BloFin PTB-USDT | +0.0677% | 4h | 0.001217 | −0.319% | $528K | $1.0M | 20x | as long as short |
| Extended kPTB-USD | +0.0696% | 1h | 0.001218 | −0.187% | $4K | $45K | 5x | as long as short |
| Binance PTBUSDTshort | +0.0699% | 4h | 0.001218 | −0.180% | $9.1M | $184.3M | 20x | |
| MEXC PTB_USDT | +0.0708% | 4h | 0.001218 | −0.246% | $440K | $1.2M | 20x | as long as short |
| BingX PTB-USDT | +0.0730% | 4h | 0.001220 | −0.074% | — | $2.5M | — | as long as short |
| KuCoin PTBUSDTM | +0.0778% | 4h | 0.001217 | −0.328% | $2.0M | $8.6M | 20x | as long as short |
| Gate PTB_USDT | +0.1108% | 4h | 0.001215 | −0.467% | $2.0M | $7.6M | 25x | as long as short |
Variational Omni PTB
Aster PTBUSDT
BloFin PTB-USDT
Extended kPTB-USD
MEXC PTB_USDT
BingX PTB-USDT
KuCoin PTBUSDTM
Gate PTB_USDT