Funding you earn now, next payment 00:00 UTC+0.0464%/8h= +50.9% APRnext payment +$2.32 per $10,000 · paid last 24h −0.153%
Price spread now: Binance against Bybit−0.007%7-day average −0.261% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$1101.102% of the position
Funding, last 7 days−0.360%−$36 on $10k
+Price spread, last 7 days−2.933%−$293 · spread now −0.007%, 7d avg −0.261%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Binance is 0.254% dearer against Bybit than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.261%. Mind the row above: over the last 7 days funding on this pair cost −0.360%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TUSDT | 0.005169 | −0.0995 | get 0.0497% / 4h | 1h 40m | $1.6M | $2.2M | 25x |
| Short | Binance TUSDT | 0.005169 | −0.0530 | pay 0.0265% / 4h | 1h 40m | $3.2M | $10.1M | 50x |
Bybit TUSDT
Binance TUSDTFunding 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
- $97.54
- Price spread: −0.007% → −0.261%
- $25.36
- Slippage, 4 orders
- −$89.21
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $12.7
- Costs to cover
- 1.102%
- Break-even
- 6.1 days
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 14 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 | 1.93 bp | 43.8 bp −$44 | 302.1 bp −$3,021 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.97 bp | 17.3 bp −$17 | 39.6 bp −$396 | 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 | −0.4836% | 1h | 0.005165 | −0.078% | $2K | $2K | 10x | as long as short |
| Bybit TUSDTlong | −0.0995% | 4h | 0.005169 | long leg | $1.6M | $2.2M | 25x | |
| Gate T_USDT | −0.0920% | 4h | 0.005177 | +0.155% | $214K | $119K | 20x | as long as short |
| Variational Omni T | −0.0865% | 4h | 0.005163 | −0.116% | $7K | $13K | — | as long as short |
| KuCoin TUSDTM | −0.0856% | 4h | 0.005172 | +0.058% | $1.3M | $108K | 12x | as long as short |
| Bitget TUSDT | −0.0650% | 4h | 0.005160 | −0.174% | $887K | $768K | 50x | as long as short |
| MEXC T_USDT | −0.0534% | 4h | 0.005169 | 0.000% | $3.1M | $263K | 20x | as long as short |
| Binance TUSDTshort | −0.0530% | 4h | 0.005169 | −0.007% | $3.2M | $10.1M | 50x |
Kraken Futures PF_TUSD
Gate T_USDT
Variational Omni T
KuCoin TUSDTM
Bitget TUSDT
MEXC T_USDT