Funding you earn now, next payment 04:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.88 per $10,000 · paid last 24h +0.114%
Price spread now: Bybit against Binance+0.010%7-day average +0.161% · you sell dearer than you buy
Net, funding: paid 7d − costs+$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1081.081% of the position
Funding, last 7 days+1.129%+$113 on $10k
+Price spread, last 7 days+1.187%+$119 · spread now +0.010%, 7d avg +0.161%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.151% cheaper against Binance than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.161%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.129%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TUSDT | 0.005170 | 0.0100 | pay 0.0050% / 4h | 4m 41s | $3.3M | $7.3M | 50x |
| Short | Bybit TUSDT | 0.005171 | −0.0076 | pay 0.0038% / 4h | 4m 41s | $1.6M | $1.5M | 25x |
Binance TUSDT
Bybit TUSDTFunding 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
- −$36.99
- Price spread: +0.010% → +0.161%
- −$15.08
- Slippage, 4 orders
- −$87.13
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$160.2
- Costs to cover
- 1.081%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 2 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, 4 min ago | 1.93 bp | 15.8 bp −$16 | 38.0 bp −$380 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.93 bp | 38.1 bp −$38 | 242.8 bp −$2,428 | doesn't fit | doesn't fit |
T on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.2556% | 1h | 0.005169 | −0.025% | $2K | $2K | 10x | as long as short |
| Variational Omni T | −0.0224% | 4h | 0.005169 | −0.037% | $7K | $6K | — | as long as short |
| Gate T_USDT | −0.0112% | 4h | 0.005179 | +0.164% | $213K | $83K | 20x | as long as short |
| Bybit TUSDTshort | −0.0076% | 4h | 0.005171 | +0.010% | $1.6M | $1.5M | 25x | |
| Bitget TUSDT | −0.0054% | 4h | 0.005159 | −0.222% | $877K | $511K | 50x | as long as short |
| KuCoin TUSDTM | +0.0072% | 4h | 0.005178 | +0.145% | $1.3M | $84K | 12x | as long as short |
| Binance TUSDTlong | +0.0100% | 4h | 0.005170 | long leg | $3.3M | $7.3M | 50x | |
| MEXC T_USDT | +0.0100% | 4h | 0.005171 | +0.010% | $3.1M | $229K | 20x | as long as short |
Kraken Futures PF_TUSD
Variational Omni T
Gate T_USDT
Bitget TUSDT
KuCoin TUSDTM
MEXC T_USDT