Funding you earn now, next payment 00:00 UTC−0.0472%/8h= −51.7% APRnext payment −$2.36 per $10,000 · paid last 24h +0.110%
Price spread now: Bybit against Binance−0.220%7-day average −0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs−$334as in the Funding arb table
Net, price: spread back to 7d avg − costs−$332as in the Price arb table
costs, in and out, $10k−$3253.249% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 7 days+0.003%$0 · spread now −0.220%, 7d avg −0.149%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bybit is 0.071% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.149%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.093% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.36 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 QUSDT | 0.02500 | 0.0826 | pay 0.0413% / 4h | 1h 55m | $6.9M | $1.5M | 20x |
| Short | Bybit QUSDT | 0.02495 | 0.0354 | get 0.0177% / 4h | 1h 55m | $1.5M | $391K | 13x |
Binance QUSDT
Bybit QUSDTFunding 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
- −$99.15
- Price spread: −0.220% → −0.149%
- −$7.14
- Slippage, 4 orders
- −$303.94
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$431.23
- Costs to cover
- 3.249%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 6 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, 13 min ago | 0.40 bp | 55.1 bp −$55 | 471.4 bp −$4,714 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 4.01 bp | 116.9 bp −$117 | doesn't fit | doesn't fit | doesn't fit |
Q on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate Q_USDT | +0.0100% | 4h | 0.02497 | −0.152% | $1.2M | $297K | 10x | as long as short |
| KuCoin QUSDTM | +0.0100% | 4h | 0.02495 | −0.220% | $660K | $21K | 20x | as long as short |
| Bitget QUSDT | +0.0100% | 4h | 0.02500 | −0.012% | $2.2M | $141K | 20x | as long as short |
| Variational Omni Q | +0.0100% | 4h | 0.02496 | −0.183% | $603 | $41 | — | as long as short |
| Bybit QUSDTshort | +0.0354% | 4h | 0.02495 | −0.220% | $1.5M | $391K | 13x | |
| Aster QUSDT | +0.0679% | 4h | 0.02500 | −0.009% | $59K | $61K | 5x | as long as short |
| BingX Q-USDT | +0.0768% | 4h | 0.02499 | −0.052% | — | $1.3M | — | as long as short |
| Extended Q-USD | +0.0824% | 1h | 0.02500 | −0.017% | $8K | $168K | 5x | as long as short |
| MEXC Q_USDT | +0.0824% | 4h | 0.02500 | 0.000% | $122K | $86K | 50x | as long as short |
| Binance QUSDTlong | +0.0826% | 4h | 0.02500 | long leg | $6.9M | $1.5M | 20x |
Gate Q_USDT
KuCoin QUSDTM
Bitget QUSDT
Variational Omni Q
Aster QUSDT
BingX Q-USDT
Extended Q-USD
MEXC Q_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin Q-USDT | +0.0871% | 4h | 0.02501 | +0.012% | $373K | $76K | 40x | as long as short |
BloFin Q-USDT