Funding you earn now, next payment 00:00 UTC−0.3092%/8h= −338.6% APRnext payment −$15.46 per $10,000 · paid last 24h −0.495%
Price spread now: Binance against Bybit+0.326%7-day average +0.129% · you sell dearer than you buy
Net, funding: paid 7d − costs−$527as in the Funding arb table
Net, price: spread back to 7d avg − costs−$451as in the Price arb table
costs, in and out, $10k−$4704.703% of the position
Funding, last 7 days−0.564%−$56 on $10k
+Price spread, last 4 days (all we have)−0.390%−$39 · spread now +0.326%, 7d avg +0.129%
=The price spread pays, funding is against you. Binance is 0.197% dearer against Bybit than usual: you sell high and buy low (spread +0.326% now, against its 7-day average of +0.129%): +$20 on $10k if it goes back. Holding the pair costs −$93 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.564% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.564% in total (about -29.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$15.46 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 SLXUSDT | 0.06625 | 0.3616 | pay 0.1808% / 4h | 2h 53m | $954K | $323K | 20x |
| Short | Binance SLXUSDT | 0.06647 | 0.0524 | get 0.0262% / 4h | 2h 53m | $2.6M | $2.8M | 25x |
Bybit SLXUSDT
Binance SLXUSDTFunding 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
- −$649.28
- Price spread: +0.326% → +0.129%
- $19.71
- Slippage, 4 orders
- −$449.27
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,099.84
- Costs to cover
- 4.703%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 32 min ago; Binance: live order book, 12 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, 32 min ago | 5.32 bp | 218.7 bp −$219 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.75 bp | 17.1 bp −$17 | 97.9 bp −$979 | doesn't fit | doesn't fit |
SLX on 11 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 SLX_USDT | +0.0100% | 4h | 0.06640 | +0.226% | $315K | $605K | 25x | as long as short |
| KuCoin SLXUSDTM | +0.0100% | 4h | 0.06646 | +0.317% | $982K | $1.7M | 20x | as long as short |
| SunX SLX-USDT | +0.0100% | 4h | 0.06664 | +0.589% | $1K | $396K | 20x | as long as short |
| Bitget SLXUSDT | +0.0150% | 4h | 0.06648 | +0.347% | $1.0M | $372K | 20x | as long as short |
| OKX SLX-USDT-SWAP | +0.0266% | 4h | 0.06649 | +0.362% | $1.8M | $1.8M | 20x | as long as short |
| MEXC SLX_USDT | +0.0524% | 4h | 0.06640 | +0.226% | $2.0M | $205K | 20x | as long as short |
| Binance SLXUSDTshort | +0.0524% | 4h | 0.06647 | +0.326% | $2.6M | $2.8M | 25x | |
| BloFin SLX-USDT | +0.0571% | 4h | 0.06643 | +0.272% | $171K | $3K | 25x | as long as short |
| Aster SLXUSDT | +0.0613% | 4h | 0.06642 | +0.251% | $16K | $21K | 10x | as long as short |
| Bybit SLXUSDTlong | +0.3616% | 4h | 0.06625 | long leg | $954K | $323K | 20x |
Gate SLX_USDT
KuCoin SLXUSDTM
SunX SLX-USDT
Bitget SLXUSDT
OKX SLX-USDT-SWAP
MEXC SLX_USDT
BloFin SLX-USDT
Aster SLXUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SLX-USDT | +0.3632% | 4h | 0.06643 | +0.272% | — | $1.7M | — | as long as short |
BingX SLX-USDT