Funding you earn now, next payment 00:00 UTC−0.1207%/8h= −132.2% APRnext payment −$6.04 per $10,000 · paid last 24h −0.226%
Price spread now: Bybit against Binance+0.260%7-day average +0.309% · you sell dearer than you buy
Net, funding: paid 7d − costs−$845as in the Funding arb table
Net, price: spread back to 7d avg − costs−$740as in the Price arb table
costs, in and out, $10k−$7357.353% of the position
Funding, last 7 days−1.097%−$110 on $10k
+Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.260%, 7d avg +0.309%
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Bybit is 0.049% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.309%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPORTFUNUSDT | 0.01921 | 0.1307 | pay 0.0654% / 4h | 1h 35m | $2.0M | $638K | 10x |
| Short | Bybit SPORTFUNUSDT | 0.01926 | 0.0100 | get 0.0050% / 4h | 1h 35m | $395K | $39K | 20x |
Binance SPORTFUNUSDT
Bybit SPORTFUNUSDTFunding 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
- −$253.54
- Price spread: +0.260% → +0.309%
- −$4.86
- Slippage, 4 orders
- −$714.28
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$993.69
- Costs to cover
- 7.353%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 39 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 | 5.20 bp | 80.4 bp −$80 | 1699.5 bp −$17.0K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 39 min ago | 7.78 bp | 282.6 bp −$283 | doesn't fit | doesn't fit | doesn't fit |
SPORTFUN on 5 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 SPORTFUNUSDTshort | +0.0100% | 4h | 0.01926 | +0.260% | $395K | $39K | 20x | |
| KuCoin SPORTFUNUSDTM | +0.0544% | 4h | 0.01926 | +0.260% | $220K | $4K | 20x | as long as short |
| BingX SPORTFUN-USDT | +0.1214% | 4h | 0.01926 | +0.260% | — | $1.6M | — | as long as short |
| MEXC SPORTFUN_USDT | +0.1306% | 4h | 0.01921 | 0.000% | $305K | $120K | 20x | as long as short |
| Binance SPORTFUNUSDTlong | +0.1307% | 4h | 0.01921 | long leg | $2.0M | $638K | 10x |
KuCoin SPORTFUNUSDTM
BingX SPORTFUN-USDT
MEXC SPORTFUN_USDT