Funding you earn now, next payment 00:00 UTC−0.0305%/8h= −33.4% APRnext payment −$1.53 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.122%7-day average +0.145% · you sell dearer than you buy
Net, funding: paid 7d − costs−$312as in the Funding arb table
Net, price: spread back to 7d avg − costs−$278as in the Price arb table
costs, in and out, $10k−$2762.759% of the position
Funding, last 7 days−0.365%−$36 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.122%, 7d avg +0.145%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.023% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.145%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance RPLUSDT | 1.9600 | 0.0100 | pay 0.0050% / 4h | 1h 17m | $1.2M | $1.4M | 50x |
| Short | Bybit RPLUSDT | 1.9624 | −0.0205 | pay 0.0103% / 4h | 1h 17m | $383K | $228K | 20x |
Binance RPLUSDT
Bybit RPLUSDTFunding 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
- −$64.13
- Price spread: +0.122% → +0.145%
- −$2.25
- Slippage, 4 orders
- −$254.93
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$342.31
- Costs to cover
- 2.759%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; Bybit: live order book, 58 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, 1 min ago | 2.55 bp | 43.1 bp −$43 | 297.5 bp −$2,975 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 58 min ago | 5.09 bp | 90.2 bp −$90 | doesn't fit | doesn't fit | doesn't fit |
RPL on 9 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 RPL_USDT | −0.0322% | 8h | 1.9600 | 0.000% | $65K | $27K | 20x | as long as short |
| Bybit RPLUSDTshort | −0.0205% | 4h | 1.9624 | +0.122% | $383K | $228K | 20x | |
| Injective RPL/USDC PERP | +0.0033% | 1h | 1.9480 | −0.612% | $201 | $472 | 5.5x | as long as short |
| Aster RPLUSDT | +0.0100% | 4h | 1.9640 | +0.206% | $100K | $35K | 5x | as long as short |
| Binance RPLUSDTlong | +0.0100% | 4h | 1.9600 | long leg | $1.2M | $1.4M | 50x | |
| MEXC RPL_USDT | +0.0100% | 4h | 1.9600 | 0.000% | $350K | $167K | 20x | as long as short |
| Bitget RPLUSDT | +0.0100% | 4h | 1.9600 | 0.000% | $416K | $163K | 50x | as long as short |
| BingX RPL-USDT | +0.0100% | 4h | 1.9630 | +0.153% | — | $1.3M | — | as long as short |
| Variational Omni RPL | +0.0100% | 4h | 1.9618 | +0.090% | $15K | $2K | — | as long as short |
Gate RPL_USDT
Injective RPL/USDC PERP
Aster RPLUSDT
MEXC RPL_USDT
Bitget RPLUSDT
BingX RPL-USDT
Variational Omni RPL