Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Bybit against Binance−0.079%7-day average +0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1291.287% of the position
Funding, last 7 days−0.085%−$8 on $10k
+Price spread, last 7 days+0.229%+$23 · spread now −0.079%, 7d avg +0.119%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.198% cheaper against Binance than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.119%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance REDUSDT | 0.1505 | 0.0100 | pay 0.0050% / 4h | 2h 40m | $2.4M | $3.9M | 50x |
| Short | Bybit REDUSDT | 0.1504 | 0.0100 | get 0.0050% / 4h | 2h 40m | $2.2M | $1.7M | 25x |
Binance REDUSDT
Bybit REDUSDTFunding 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
- $0
- Price spread: −0.079% → +0.119%
- −$19.76
- Slippage, 4 orders
- −$107.65
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$148.41
- Costs to cover
- 1.287%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 1 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, 11 min ago | 3.33 bp | 23.0 bp −$23 | 94.1 bp −$941 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.33 bp | 49.2 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
RED 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster REDUSDT | +0.0100% | 4h | 0.1503 | −0.117% | $21K | $33K | 5x | as long as short |
| Binance REDUSDTlong | +0.0100% | 4h | 0.1505 | long leg | $2.4M | $3.9M | 50x | |
| Bybit REDUSDTshort | +0.0100% | 4h | 0.1504 | −0.079% | $2.2M | $1.7M | 25x | |
| Gate RED_USDT | +0.0100% | 4h | 0.1504 | −0.046% | $348K | $151K | 25x | as long as short |
| Bitget REDUSDT | +0.0100% | 4h | 0.1505 | +0.021% | $718K | $305K | 20x | as long as short |
| Variational Omni RED | +0.0100% | 4h | 0.1502 | −0.175% | $25K | $3K | — | as long as short |
| SunX RED-USDT | +0.0100% | 4h | 0.1540 | +2.347% | $1K | $655K | 20x | as long as short |
| Extended RED-USD | +0.0104% | 1h | 0.1504 | −0.054% | $30 | — | 5x | as long as short |
| BloFin RED-USDT | +0.0153% | 4h | 0.1500 | −0.285% | $225K | $2K | 25x | as long as short |
| MEXC RED_USDT | +0.0354% | 4h | 0.1504 | −0.046% | $537K | $170K | 20x | as long as short |
Aster REDUSDT
Gate RED_USDT
Bitget REDUSDT
Variational Omni RED
SunX RED-USDT
Extended RED-USD
BloFin RED-USDT
MEXC RED_USDT