Funding you earn now, next payment 08:00 UTC−0.0806%/8h= −88.2% APRnext payment −$4.03 per $10,000 · paid last 24h −0.009%
Price spread now: Binance against Bybit−0.242%7-day average −0.161% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1401.401% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.242%, 7d avg −0.161%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Binance is 0.080% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.161%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.03 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 STOUSDT | 0.04190 | 0.0906 | pay 0.0453% / 4h | 1h 59m | $725K | $287K | 13x |
| Short | Binance STOUSDT | 0.04180 | 0.0100 | get 0.0050% / 4h | 1h 59m | $3.4M | $1.5M | 20x |
Bybit STOUSDT
Binance STOUSDTFunding 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
- −$169.21
- Price spread: −0.242% → −0.161%
- −$8.04
- Slippage, 4 orders
- −$119.08
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$317.34
- Costs to cover
- 1.401%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 45 min ago; Binance: live order book, 6 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, 45 min ago | 5.98 bp | 47.1 bp −$47 | 233.8 bp −$2,338 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.20 bp | 24.3 bp −$24 | 123.5 bp −$1,235 | doesn't fit | doesn't fit |
STO on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster STOUSDT | +0.0100% | 4h | 0.04182 | −0.187% | $26K | $1K | 5x | as long as short |
| Binance STOUSDTshort | +0.0100% | 4h | 0.04180 | −0.242% | $3.4M | $1.5M | 20x | |
| Gate STO_USDT | +0.0100% | 4h | 0.04180 | −0.239% | $245K | $126K | 25x | as long as short |
| MEXC STO_USDT | +0.0100% | 4h | 0.04179 | −0.263% | $773K | $101K | 50x | as long as short |
| Bitget STOUSDT | +0.0100% | 4h | 0.04180 | −0.239% | $321K | $25K | 10x | as long as short |
| Variational Omni STO | +0.0695% | 4h | 0.04192 | +0.041% | $4K | $213 | — | as long as short |
| BingX STO-USDT | +0.0762% | 4h | 0.04185 | −0.119% | — | $6.5M | — | as long as short |
| KuCoin STOUSDTM | +0.0880% | 4h | 0.04195 | +0.119% | $1.0M | $18K | 25x | as long as short |
| Bybit STOUSDTlong | +0.0906% | 4h | 0.04190 | long leg | $725K | $287K | 13x |
Aster STOUSDT
Gate STO_USDT
MEXC STO_USDT
Bitget STOUSDT
Variational Omni STO
BingX STO-USDT
KuCoin STOUSDTM