Funding you earn now, next payment 04:00 UTC−0.0850%/8h= −93.0% APRnext payment −$4.25 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.190%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$228as in the Funding arb table
Net, price: spread back to 7d avg − costs−$227as in the Price arb table
costs, in and out, $10k−$2172.169% of the position
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.190%, 7d avg −0.093%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Binance is 0.097% cheaper against Bybit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.093%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.107% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.25 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 RONINUSDT | 0.06306 | 0.0950 | pay 0.0475% / 4h | 2h 06m | $175K | $252K | 5x |
| Short | Binance RONINUSDT | 0.06294 | 0.0100 | get 0.0050% / 4h | 2h 06m | $1.6M | $2.9M | 50x |
Bybit RONINUSDT
Binance RONINUSDTFunding 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
- −$178.42
- Price spread: −0.190% → −0.093%
- −$9.71
- Slippage, 4 orders
- −$195.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$405.02
- Costs to cover
- 2.169%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 44 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, 44 min ago | 5.53 bp | 65.6 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 3.16 bp | 48.2 bp −$48 | 231.1 bp −$2,311 | doesn't fit | doesn't fit |
RONIN on 3 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 RONINUSDT | +0.0100% | 4h | 0.06324 | +0.291% | $5K | $5K | 5x | as long as short |
| Binance RONINUSDTshort | +0.0100% | 4h | 0.06294 | −0.190% | $1.6M | $2.9M | 50x | |
| Bybit RONINUSDTlong | +0.0950% | 4h | 0.06306 | long leg | $175K | $252K | 5x |
Aster RONINUSDT