Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.050%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1371.369% of the position
Funding, last 7 days+0.127%+$13 on $10k
+Price spread, last 7 days+0.158%+$16 · spread now −0.050%, 7d avg +0.045%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.095% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SPKUSDT | 0.02185 | 0.0100 | pay 0.0050% / 4h | 2h 31m | $1.9M | $2.2M | 25x |
| Short | Binance SPKUSDT | 0.02184 | 0.0100 | get 0.0050% / 4h | 2h 31m | $3.8M | $5.7M | 50x |
Bybit SPKUSDT
Binance SPKUSDTFunding 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
- $0
- Price spread: −0.050% → +0.045%
- −$9.5
- Slippage, 4 orders
- −$115.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$146.38
- Costs to cover
- 1.369%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 7 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, 1 min ago | 2.29 bp | 51.3 bp −$51 | 169.3 bp −$1,693 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 2.31 bp | 27.5 bp −$28 | 116.0 bp −$1,160 | doesn't fit | doesn't fit |
SPK on 13 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 SPK_USDT | −0.0222% | 4h | 0.02185 | −0.005% | $143K | $131K | 50x | as long as short |
| Aster SPKUSDT | +0.0066% | 4h | 0.02186 | +0.036% | $9K | $66K | 5x | as long as short |
| Binance SPKUSDTshort | +0.0100% | 4h | 0.02184 | −0.050% | $3.8M | $5.7M | 50x | |
| Bybit SPKUSDTlong | +0.0100% | 4h | 0.02185 | long leg | $1.9M | $2.2M | 25x | |
| OKX SPK-USDT-SWAP | +0.0100% | 4h | 0.02186 | +0.041% | $770K | $2.0M | 20x | as long as short |
| MEXC SPK_USDT | +0.0100% | 4h | 0.02184 | −0.050% | $2.1M | $640K | 50x | as long as short |
| KuCoin SPKUSDTM | +0.0100% | 4h | 0.02187 | +0.087% | $946K | $414K | 30x | as long as short |
| Bitget SPKUSDT | +0.0100% | 4h | 0.02185 | −0.005% | $1.3M | $1.4M | 50x | as long as short |
| BingX SPK-USDT | +0.0100% | 4h | 0.02185 | −0.005% | — | $2.3M | — | as long as short |
| Variational Omni SPK | +0.0100% | 4h | 0.02186 | +0.026% | $177K | $76K | — | as long as short |
Gate SPK_USDT
Aster SPKUSDT
OKX SPK-USDT-SWAP
MEXC SPK_USDT
KuCoin SPKUSDTM
Bitget SPKUSDT
BingX SPK-USDT
Variational Omni SPKShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPK-USDT | +0.0100% | 4h | 0.02231 | +2.101% | $1K | $1.2M | 20x | as long as short |
| Extended SPK-USD | +0.0104% | 1h | 0.02183 | −0.119% | $1K | $141K | 5x | as long as short |
| Kraken Futures PF_SPKUSD | +0.0801% | 1h | 0.02191 | +0.259% | $23K | $28K | 10x | as long as short |
SunX SPK-USDT
Extended SPK-USD
Kraken Futures PF_SPKUSD