Funding you earn now, next payment 08:00 UTC+0.0593%/8h= +65.0% APRnext payment +$2.97 per $10,000 · paid last 24h +0.224%
Price spread now: Bybit against Binance−0.016%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$358as in the Funding arb table
Net, price: spread back to 7d avg − costs−$373as in the Price arb table
costs, in and out, $10k−$3803.795% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.016%, 7d avg −0.080%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Bybit is 0.064% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.080%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.210% in total (about 11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.97 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 | Binance THEUSDT | 0.08142 | 0.0266 | pay 0.0133% / 4h | 2h 40m | $2.1M | $4.8M | 10x |
| Short | Bybit THEUSDT | 0.08141 | 0.0860 | get 0.0430% / 4h | 2h 40m | $544K | $463K | 20x |
Binance THEUSDT
Bybit THEUSDTFunding 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
- $124.59
- Price spread: −0.016% → −0.080%
- $6.39
- Slippage, 4 orders
- −$358.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$248.52
- Costs to cover
- 3.795%
- Break-even
- 21.0 days
Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 64 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, 11 min ago | 3.03 bp | 33.8 bp −$34 | 266.5 bp −$2,665 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 64 min ago | 6.70 bp | 149.6 bp −$150 | doesn't fit | doesn't fit | doesn't fit |
THE 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate THE_USDT | +0.0100% | 4h | 0.08150 | +0.094% | $66K | $75K | 10x | as long as short |
| KuCoin THEUSDTM | +0.0100% | 4h | 0.08149 | +0.082% | $110K | $110K | 10x | as long as short |
| Bitget THEUSDT | +0.0100% | 4h | 0.08141 | −0.016% | $403K | $382K | 10x | as long as short |
| Aster THEUSDT | +0.0182% | 4h | 0.08150 | +0.095% | $5K | $12K | 5x | as long as short |
| MEXC THE_USDT | +0.0266% | 4h | 0.08143 | +0.008% | $204K | $147K | 50x | as long as short |
| Binance THEUSDTlong | +0.0266% | 4h | 0.08142 | long leg | $2.1M | $4.8M | 10x | |
| BloFin THE-USDT | +0.0272% | 4h | 0.08211 | +0.844% | $142K | $5K | 50x | as long as short |
| Bybit THEUSDTshort | +0.0860% | 4h | 0.08141 | −0.016% | $544K | $463K | 20x | |
| BingX THE-USDT | +0.0930% | 4h | 0.08140 | −0.028% | — | $6.5M | — | as long as short |
Gate THE_USDT
KuCoin THEUSDTM
Bitget THEUSDT
Aster THEUSDT
MEXC THE_USDT
BloFin THE-USDT
BingX THE-USDT