Funding you earn now, next payment 04:00 UTC−0.0701%/8h= −76.7% APRnext payment −$3.50 per $10,000 · paid last 24h −0.068%
Price spread now: Binance against Bybit−0.022%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1511.513% of the position
Funding, last 7 days−0.250%−$25 on $10k
+Price spread, last 7 days+0.063%+$6 · spread now −0.022%, 7d avg +0.039%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Binance is 0.061% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.039%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.250% in total (about -13.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.50 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 RIVERUSDT | 1.2690 | 0.1255 | pay 0.0627% / 4h | 2h 55m | $3.8M | $1.7M | 25x |
| Short | Binance RIVERUSDT | 1.2687 | 0.0554 | get 0.0277% / 4h | 2h 55m | $6.1M | $10.6M | 50x |
Bybit RIVERUSDT
Binance RIVERUSDTFunding 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
- −$147.16
- Price spread: −0.022% → +0.039%
- −$6.13
- Slippage, 4 orders
- −$130.26
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$304.54
- Costs to cover
- 1.513%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 14 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, 2 min ago | 7.86 bp | 60.0 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 3.90 bp | 20.1 bp −$20 | 55.2 bp −$552 | 1312.4 bp −$131.2K | doesn't fit |
RIVER on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RIVER | +0.0096% | 1h | 1.2660 | −0.236% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2680 | −0.079% | $2.1M | $3.8M | 20x | as long as short |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2670 | −0.158% | $2.5M | $2.5M | 50x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2736 | +0.362% | $35K | $425K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2650 | −0.315% | $1K | $1.0M | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2730 | +0.315% | $48K | $94K | 20x | as long as short |
| Bitget RIVERUSDT | +0.0244% | 4h | 1.2680 | −0.079% | $3.0M | $1.9M | 20x | as long as short |
| Variational Omni RIVER | +0.0392% | 4h | 1.2668 | −0.173% | $42K | $20K | — | as long as short |
| Gate RIVER_USDT | +0.0478% | 4h | 1.2680 | −0.079% | $425K | $100K | 20x | as long as short |
| MEXC RIVER_USDT | +0.0554% | 4h | 1.2670 | −0.158% | $3.8M | $1.5M | 50x | as long as short |
Lighter RIVER
OKX RIVER-USDT-SWAP
KuCoin RIVERUSDTM
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Bitget RIVERUSDT
Variational Omni RIVER
Gate RIVER_USDT
MEXC RIVER_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance RIVERUSDTshort | +0.0554% | 4h | 1.2687 | −0.022% | $6.1M | $10.6M | 50x | |
| BloFin RIVER-USDT | +0.0588% | 4h | 1.2680 | −0.079% | $425K | $33K | 50x | as long as short |
| Aster RIVERUSDT | +0.0715% | 4h | 1.2658 | −0.249% | $73K | $31K | 10x | as long as short |
| BingX RIVER-USDT | +0.1190% | 4h | 1.2680 | −0.079% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDTlong | +0.1255% | 4h | 1.2690 | long leg | $3.8M | $1.7M | 25x | |
| Kraken Futures PF_RIVERUSD | +0.1263% | 1h | 1.2668 | −0.174% | $57K | $70K | 10x | as long as short |
BloFin RIVER-USDT
Aster RIVERUSDT
BingX RIVER-USDT
Kraken Futures PF_RIVERUSD