Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.126%7-day average −0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$273as in the Funding arb table
Net, price: spread back to 7d avg − costs−$268as in the Price arb table
costs, in and out, $10k−$2672.668% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 7 days−0.007%−$1 · spread now −0.126%, 7d avg −0.119%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TNSRUSDT | 0.03719 | 0.0100 | pay 0.0050% / 4h | 2h 22m | $2.2M | $3.9M | 25x |
| Short | Bybit TNSRUSDT | 0.03714 | 0.0100 | get 0.0050% / 4h | 2h 22m | $1.1M | $553K | 25x |
Binance TNSRUSDT
Bybit TNSRUSDTFunding 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
- $0
- Price spread: −0.126% → −0.119%
- −$0.7
- Slippage, 4 orders
- −$245.8
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$267.5
- Costs to cover
- 2.668%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 3 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, 14 min ago | 1.34 bp | 23.3 bp −$23 | 237.4 bp −$2,374 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.40 bp | 94.7 bp −$95 | 840.6 bp −$8,406 | doesn't fit | doesn't fit |
TNSR on 11 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_TNSRUSD | −0.0257% | 1h | 0.03716 | −0.063% | $17K | $18K | 10x | as long as short |
| Hyperliquid TNSR | +0.0100% | 1h | 0.03711 | −0.207% | $66K | $59K | 3x | as long as short |
| Aster TNSRUSDT | +0.0100% | 4h | 0.03708 | −0.284% | $18K | $33K | 5x | as long as short |
| Binance TNSRUSDTlong | +0.0100% | 4h | 0.03719 | long leg | $2.2M | $3.9M | 25x | |
| Bybit TNSRUSDTshort | +0.0100% | 4h | 0.03714 | −0.126% | $1.1M | $553K | 25x | |
| Gate TNSR_USDT | +0.0100% | 4h | 0.03711 | −0.207% | $145K | $117K | 20x | as long as short |
| MEXC TNSR_USDT | +0.0100% | 4h | 0.03719 | +0.009% | $341K | $198K | 50x | as long as short |
| KuCoin TNSRUSDTM | +0.0100% | 4h | 0.03716 | −0.072% | $1.1M | $2.2M | 30x | as long as short |
| Bitget TNSRUSDT | +0.0100% | 4h | 0.03713 | −0.153% | $1.7M | $406K | 25x | as long as short |
| BingX TNSR-USDT | +0.0100% | 4h | 0.03711 | −0.207% | — | $6.5M | — | as long as short |
Kraken Futures PF_TNSRUSD
Hyperliquid TNSR
Aster TNSRUSDT
Gate TNSR_USDT
MEXC TNSR_USDT
KuCoin TNSRUSDTM
Bitget TNSRUSDT
BingX TNSR-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TNSR | +0.0100% | 4h | 0.03697 | −0.573% | $4K | $5K | — | as long as short |
Variational Omni TNSR