Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Bybit against Binance−0.088%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$950.951% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 7 days+0.006%+$1 · spread now −0.088%, 7d avg −0.077%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SUSDT | 0.03930 | 0.0100 | pay 0.0050% / 4h | 11m 49s | $5.4M | $16.9M | 75x |
| Short | Bybit SUSDT | 0.03927 | 0.0100 | get 0.0050% / 4h | 11m 49s | $5.6M | $5.2M | 50x |
Funding 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: −0.088% → −0.077%
- −$1.13
- Slippage, 4 orders
- −$74.14
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$96.27
- Costs to cover
- 0.951%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 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, 14 min ago | 1.28 bp | 18.6 bp −$19 | 62.1 bp −$621 | 2500.4 bp −$250.0K | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.55 bp | 28.0 bp −$28 | 75.1 bp −$751 | doesn't fit | doesn't fit |
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.5880% | 1h | 0.03840 | −2.302% | $23K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2122% | 1h | 0.03930 | −0.007% | $33K | $23K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1336% | 1h | 0.03826 | −2.658% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0981% | 4h | 0.03914 | −0.421% | $609K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0204% / S +0.0196% | 1h | 0.03938 | +0.182% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03932 | +0.044% | $4 | — | 15x | as long as short |
| Deribit S_USDC-PERPETUAL | 0.0000% | 1h | 0.03938 | +0.192% | $66K | $10K | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03938 | +0.180% | $607 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0026% | 4h | 0.03934 | +0.090% | $100K | $339K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.313% | $2K | $37K | 12x | as long as short |
Show all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter S | +0.0096% | 1h | 0.03936 | +0.141% | $165K | $217K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.03930 | −0.014% | $985K | $678K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.03937 | +0.172% | $43K | $142K | 10x | as long as short |
| Binance SUSDTlong | +0.0100% | 4h | 0.03930 | long leg | $5.4M | $16.9M | 75x | |
| Bybit SUSDTshort | +0.0100% | 4h | 0.03927 | −0.088% | $5.6M | $5.2M | 50x | |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03927 | −0.088% | $981K | $4.9M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03925 | −0.139% | $320K | $259K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03931 | +0.014% | $3.6M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03930 | −0.012% | $1.8M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03929 | −0.037% | $1.2M | $2.5M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03930 | −0.012% | — | $6.7M | — | as long as short |
| Backpack S_USDC_PERP | +0.0100% | 1h | 0.03930 | −0.012% | $114K | $314K | 5x | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03910 | −0.521% | $25K | $448K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03929 | −0.043% | $221K | $877K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03928 | −0.063% | $266K | $125K | 75x | as long as short |
Binance SUSDT
Bybit SUSDT
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Deribit S_USDC-PERPETUAL
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Lighter S
Hyperliquid S
Aster SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
Backpack S_USDC_PERP
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT