Funding you earn now, next payment 04:00 UTC−0.0256%/8h= −28.0% APRnext payment −$1.28 per $10,000 · paid last 24h −0.126%
Price spread now: Bybit against Binance+0.123%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$380as in the Funding arb table
Net, price: spread back to 7d avg − costs−$278as in the Price arb table
costs, in and out, $10k−$2942.944% of the position
Funding, last 7 days−0.861%−$86 on $10k
+Price spread, last 7 days−0.098%−$10 · spread now +0.123%, 7d avg −0.042%
=The price spread pays, funding is against you. Bybit is 0.165% dearer against Binance than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of −0.042%): +$17 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TACUSDT | 0.001622 | 0.0701 | pay 0.0350% / 4h | 30m 39s | $2.8M | $2.3M | 10x |
| Short | Bybit TACUSDT | 0.001624 | 0.0445 | get 0.0222% / 4h | 30m 39s | $1.2M | $191K | 5x |
Binance TACUSDT
Bybit TACUSDTFunding 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
- −$53.73
- Price spread: +0.123% → −0.042%
- $16.52
- Slippage, 4 orders
- −$273.37
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$331.58
- Costs to cover
- 2.944%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago | 6.19 bp | 32.7 bp −$33 | 219.2 bp −$2,192 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.09 bp | 116.7 bp −$117 | doesn't fit | doesn't fit | doesn't fit |
TAC on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TACUSDTM | +0.0126% | 4h | 0.001621 | −0.062% | $1.4M | $193K | 10x | as long as short |
| Variational Omni TAC | +0.0290% | 4h | 0.001623 | +0.075% | $16 | — | — | as long as short |
| Bybit TACUSDTshort | +0.0445% | 4h | 0.001624 | +0.123% | $1.2M | $191K | 5x | |
| Aster TACUSDT | +0.0559% | 4h | 0.001623 | +0.067% | $23K | $10K | 5x | as long as short |
| BingX TAC-USDT | +0.0650% | 4h | 0.001623 | +0.062% | — | $1.3M | — | as long as short |
| BloFin TAC-USDT | +0.0663% | 4h | 0.001618 | −0.247% | $181K | $4K | 10x | as long as short |
| MEXC TAC_USDT | +0.0686% | 4h | 0.001622 | 0.000% | $472K | $134K | 50x | as long as short |
| Extended TAC-USD | +0.0688% | 1h | 0.001623 | +0.086% | $1K | $150K | 5x | as long as short |
| Binance TACUSDTlong | +0.0701% | 4h | 0.001622 | long leg | $2.8M | $2.3M | 10x | |
| Gate TAC_USDT | +0.0708% | 4h | 0.001623 | +0.062% | $252K | $186K | 10x | as long as short |
KuCoin TACUSDTM
Variational Omni TAC
Aster TACUSDT
BingX TAC-USDT
BloFin TAC-USDT
MEXC TAC_USDT
Extended TAC-USD
Gate TAC_USDT