Funding you earn now, next payment 04:00 UTC+0.2867%/8h= +313.9% APRnext payment +$14.33 per $10,000 · paid last 24h +0.963%
Price spread now: Bybit against Binance−0.324%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$269as in the Price arb table
costs, in and out, $10k−$2412.407% of the position
Funding, last 7 days+1.069%+$107 on $10k
+Price spread, last 4 days (all we have)+0.449%+$45 · spread now −0.324%, 7d avg −0.038%
=Funding pays, the price is against you. Bybit is 0.286% cheaper against Binance than usual: you would sell low and buy high (spread −0.324% now, against its 7-day average of −0.038%). If the spread goes back, that is −$29 on $10k: about 8 hours of funding at the current rate (+$86 a day). At the pace of the last 7 days (+1.069% in total) that is about 45 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.069% in total (about 55.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$14.33 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 TRUSTUSDT | 0.06178 | 0.0298 | pay 0.0149% / 4h | 1h 18m | $1.7M | $2.0M | 10x |
| Short | Bybit TRUSTUSDT | 0.06158 | 0.3165 | get 0.1583% / 4h | 1h 18m | $545K | $462K | 25x |
Binance TRUSTUSDT
Bybit TRUSTUSDTFunding 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
- $602.05
- Price spread: −0.324% → −0.038%
- −$28.59
- Slippage, 4 orders
- −$219.69
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $332.77
- Costs to cover
- 2.407%
- Break-even
- 3.1 days
Slippage from Binance: live order book, 16 min ago; Bybit: live order book, 37 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, 16 min ago | 3.24 bp | 52.3 bp −$52 | 1815.0 bp −$18.2K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 37 min ago | 3.25 bp | 66.8 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
TRUST 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX TRUST-USDT-SWAP | +0.0100% | 4h | 0.06186 | +0.129% | $114K | $302K | 10x | as long as short |
| Gate TRUST_USDT | +0.0100% | 8h | 0.06201 | +0.372% | $507K | $27K | 10x | as long as short |
| KuCoin TRUSTUSDTM | +0.0100% | 4h | 0.06195 | +0.275% | $301K | $739K | 10x | as long as short |
| Bitget TRUSTUSDT | +0.0100% | 4h | 0.06185 | +0.113% | $671K | $76K | 10x | as long as short |
| Binance TRUSTUSDTlong | +0.0298% | 4h | 0.06178 | long leg | $1.7M | $2.0M | 10x | |
| MEXC TRUST_USDT | +0.0306% | 4h | 0.06177 | −0.016% | $215K | $104K | 50x | as long as short |
| Aster TRUSTUSDT | +0.0374% | 4h | 0.06183 | +0.076% | $10K | $8K | 5x | as long as short |
| BingX TRUST-USDT | +0.2868% | 4h | 0.06177 | −0.016% | — | $6.5M | — | as long as short |
| Bybit TRUSTUSDTshort | +0.3165% | 4h | 0.06158 | −0.324% | $545K | $462K | 25x | |
| Variational Omni TRUST | +0.3510% | 4h | 0.06181 | +0.054% | $56K | $409 | — | as long as short |
OKX TRUST-USDT-SWAP
Gate TRUST_USDT
KuCoin TRUSTUSDTM
Bitget TRUSTUSDT
MEXC TRUST_USDT
Aster TRUSTUSDT
BingX TRUST-USDT
Variational Omni TRUST