Funding you earn now, next payment 04:00 UTC+0.0462%/8h= +50.6% APRnext payment +$2.31 per $10,000 · paid last 24h −0.080%
Price spread now: Binance against Bybit+0.067%7-day average +0.147% · you sell dearer than you buy
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$203as in the Price arb table
costs, in and out, $10k−$1951.947% of the position
Funding, last 7 days+0.122%+$12 on $10k
+Price spread, last 7 days+0.053%+$5 · spread now +0.067%, 7d avg +0.147%
=Funding pays, the price is against you. Binance is 0.080% cheaper against Bybit than usual: you would sell low and buy high (spread +0.067% now, against its 7-day average of +0.147%). If the spread goes back, that is −$8 on $10k: about 14 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.122% in total) that is about 4.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.31 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 QUSDT | 0.02525 | 0.0461 | pay 0.0231% / 4h | 2h 08m | $1.5M | $352K | 13x |
| Short | Binance QUSDT | 0.02527 | 0.0923 | get 0.0461% / 4h | 2h 08m | $7.0M | $1.4M | 20x |
Bybit QUSDT
Binance QUSDTFunding 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
- $97
- Price spread: +0.067% → +0.147%
- −$7.96
- Slippage, 4 orders
- −$173.66
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$105.63
- Costs to cover
- 1.947%
- Break-even
- 14.6 days
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 16 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, 3 min ago | 3.95 bp | 59.8 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.59 bp | 34.1 bp −$34 | 279.4 bp −$2,794 | doesn't fit | doesn't fit |
Q 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate Q_USDT | +0.0100% | 4h | 0.02524 | −0.048% | $1.2M | $292K | 10x | as long as short |
| KuCoin QUSDTM | +0.0100% | 4h | 0.02523 | −0.111% | $668K | $19K | 20x | as long as short |
| Bitget QUSDT | +0.0100% | 4h | 0.02525 | −0.024% | $2.2M | $121K | 20x | as long as short |
| Bybit QUSDTlong | +0.0461% | 4h | 0.02525 | long leg | $1.5M | $352K | 13x | |
| Variational Omni Q | +0.0463% | 4h | 0.02529 | +0.129% | $610 | $2K | — | as long as short |
| Aster QUSDT | +0.0826% | 4h | 0.02524 | −0.056% | $58K | $52K | 5x | as long as short |
| BingX Q-USDT | +0.0884% | 4h | 0.02523 | −0.079% | — | $1.3M | — | as long as short |
| Extended Q-USD | +0.0920% | 1h | 0.02526 | +0.044% | $8K | $164K | 5x | as long as short |
| MEXC Q_USDT | +0.0922% | 4h | 0.02527 | +0.067% | $122K | $88K | 50x | as long as short |
| Binance QUSDTshort | +0.0923% | 4h | 0.02527 | +0.067% | $7.0M | $1.4M | 20x |
Gate Q_USDT
KuCoin QUSDTM
Bitget QUSDT
Variational Omni Q
Aster QUSDT
BingX Q-USDT
Extended Q-USD
MEXC Q_USDT