Funding you earn now, next payment 00:00 UTC−0.0256%/8h= −28.1% APRpaid last 24h −0.235%
Price spread now: Bybit against Binance−0.087%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1831.828% of the position
Funding, last 7 days+0.738%+$74 on $10k
+Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.087%, 7d avg +0.059%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.145% cheaper against Binance than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.059%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.738%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SKLUSDT | 0.004611 | 0.0100 | pay 0.0050% / 4h | 58m 06s | $2.8M | $10.1M | 50x |
| Short | Bybit SKLUSDT | 0.004607 | −0.0156 | pay 0.0156% / 8h | 58m 06s | $876K | $1.1M | 25x |
Binance SKLUSDT
Bybit SKLUSDTFunding 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
- −$53.84
- Price spread: −0.087% → +0.059%
- −$14.54
- Slippage, 4 orders
- −$161.8
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$251.18
- Costs to cover
- 1.828%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 3 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, 12 min ago | 1.10 bp | 21.4 bp −$21 | 67.0 bp −$670 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.43 bp | 63.3 bp −$63 | 251.5 bp −$2,515 | doesn't fit | doesn't fit |
SKL 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SKLUSDTshort | −0.0156% | 8h | 0.004607 | −0.087% | $876K | $1.1M | 25x | |
| Bitget SKLUSDT | −0.0068% | 4h | 0.004612 | +0.022% | $501K | $1.1M | 25x | as long as short |
| Variational Omni SKL | −0.0057% | 8h | 0.004608 | −0.068% | $709 | $1K | — | as long as short |
| BloFin SKL-USDT | +0.0086% | 4h | 0.004609 | −0.043% | $184K | $44K | 50x | as long as short |
| Binance SKLUSDTlong | +0.0100% | 4h | 0.004611 | long leg | $2.8M | $10.1M | 50x | |
| Gate SKL_USDT | +0.0100% | 4h | 0.004610 | −0.022% | $217K | $239K | 50x | as long as short |
| MEXC SKL_USDT | +0.0100% | 4h | 0.004610 | −0.022% | $384K | $207K | 20x | as long as short |
| KuCoin SKLUSDTM | +0.0100% | 4h | 0.004613 | +0.043% | $843K | $436K | 30x | as long as short |
| BingX SKL-USDT | +0.0100% | 4h | 0.004610 | −0.022% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SKLUSD | +0.0354% | 1h | 0.004622 | +0.236% | $5K | $5K | 10x | as long as short |
Bitget SKLUSDT
Variational Omni SKL
BloFin SKL-USDT
Gate SKL_USDT
MEXC SKL_USDT
KuCoin SKLUSDTM
BingX SKL-USDT
Kraken Futures PF_SKLUSD