Funding you earn now, next payment 00:00 UTC+0.0187%/8h= +20.5% APRnext payment +$0.94 per $10,000 · paid last 24h +0.167%
Price spread now: Bybit against Binance−0.190%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$308as in the Funding arb table
Net, price: spread back to 7d avg − costs−$354as in the Price arb table
costs, in and out, $10k−$3423.415% of the position
Funding, last 7 days+0.334%+$33 on $10k
+Price spread, last 7 days+0.196%+$20 · spread now −0.190%, 7d avg −0.063%
=Funding pays, the price is against you. Bybit is 0.127% cheaper against Binance than usual: you would sell low and buy high (spread −0.190% now, against its 7-day average of −0.063%). If the spread goes back, that is −$13 on $10k: about 2.3 days of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance STBLUSDT | 0.02637 | 0.0100 | pay 0.0050% / 4h | 2h 13m | $1.9M | $2.2M | 50x |
| Short | Bybit STBLUSDT | 0.02632 | 0.0287 | get 0.0144% / 4h | 2h 13m | $1.5M | $685K | 20x |
Binance STBLUSDT
Bybit STBLUSDTFunding 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
- $39.29
- Price spread: −0.190% → −0.063%
- −$12.66
- Slippage, 4 orders
- −$320.55
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$314.93
- Costs to cover
- 3.415%
- Break-even
- 63.1 days
Slippage from Binance: live order book, 6 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, 6 min ago | 3.78 bp | 60.1 bp −$60 | 363.1 bp −$3,631 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.69 bp | 105.5 bp −$106 | doesn't fit | doesn't fit | doesn't fit |
STBL on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin STBL-USDT | +0.0052% | 4h | 0.02635 | −0.076% | $127K | $22K | 50x | as long as short |
| Lighter STBL | +0.0096% | 1h | 0.02627 | −0.379% | $79K | $2K | 3x | as long as short |
| Binance STBLUSDTlong | +0.0100% | 4h | 0.02637 | long leg | $1.9M | $2.2M | 50x | |
| MEXC STBL_USDT | +0.0100% | 4h | 0.02636 | −0.038% | $365K | $150K | 100x | as long as short |
| KuCoin STBLUSDTM | +0.0100% | 4h | 0.02635 | −0.076% | $1.1M | $229K | 20x | as long as short |
| Variational Omni STBL | +0.0100% | 4h | 0.02636 | −0.042% | $964 | $282 | — | as long as short |
| SunX STBL-USDT | +0.0100% | 4h | 0.02632 | −0.190% | $1K | $1.1M | 20x | as long as short |
| Hyperliquid STBL | +0.0127% | 1h | 0.02632 | −0.209% | $1.9M | $285K | 3x | as long as short |
| Bybit STBLUSDTshort | +0.0287% | 4h | 0.02632 | −0.190% | $1.5M | $685K | 20x | |
| BingX STBL-USDT | +0.0422% | 4h | 0.02636 | −0.038% | — | $6.6M | — | as long as short |
BloFin STBL-USDT
Lighter STBL
MEXC STBL_USDT
KuCoin STBLUSDTM
Variational Omni STBL
SunX STBL-USDT
Hyperliquid STBL
BingX STBL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate STBL_USDT | +0.0874% | 4h | 0.02643 | +0.228% | $1.2M | $117K | 50x | as long as short |
| Aster STBLUSDT | +0.1004% | 4h | 0.02636 | −0.037% | $88K | $5K | 5x | as long as short |
Gate STBL_USDT
Aster STBLUSDT