Funding you earn now, next payment 04:00 UTC−0.2343%/8h= −256.6% APRnext payment −$11.72 per $10,000 · paid last 24h −0.965%
Price spread now: Binance against Bybit+0.410%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$331as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$2242.236% of the position
Funding, last 7 days−1.071%−$107 on $10k
+Price spread, last 4 days (all we have)−0.551%−$55 · spread now +0.410%, 7d avg +0.033%
=The price spread pays, funding is against you. Binance is 0.377% dearer against Bybit than usual: you sell high and buy low (spread +0.410% now, against its 7-day average of +0.033%): +$38 on $10k if it goes back. Holding the pair costs −$70 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−1.071% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.071% in total (about -55.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$11.72 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 | Bybit TRUSTUSDT | 0.06165 | 0.2868 | pay 0.1434% / 4h | 2h 08m | $533K | $448K | 25x |
| Short | Binance TRUSTUSDT | 0.06190 | 0.0525 | get 0.0262% / 4h | 2h 08m | $1.7M | $1.8M | 10x |
Bybit TRUSTUSDT
Binance TRUSTUSDTFunding 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
- −$492.12
- Price spread: +0.410% → +0.033%
- $37.73
- Slippage, 4 orders
- −$202.57
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$677.97
- Costs to cover
- 2.236%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 52 min ago; Binance: live order book, 11 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, 52 min ago | 3.29 bp | 72.6 bp −$73 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 3.25 bp | 43.6 bp −$44 | 475.5 bp −$4,755 | 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 | 0.06187 | +0.357% | $118K | $291K | 10x | as long as short |
| Gate TRUST_USDT | +0.0100% | 8h | 0.06205 | +0.649% | $507K | $29K | 10x | as long as short |
| KuCoin TRUSTUSDTM | +0.0100% | 4h | 0.06178 | +0.211% | $295K | $733K | 10x | as long as short |
| Bitget TRUSTUSDT | +0.0100% | 4h | 0.06189 | +0.389% | $664K | $71K | 10x | as long as short |
| MEXC TRUST_USDT | +0.0524% | 4h | 0.06189 | +0.389% | $215K | $105K | 50x | as long as short |
| Binance TRUSTUSDTshort | +0.0525% | 4h | 0.06190 | +0.410% | $1.7M | $1.8M | 10x | |
| Aster TRUSTUSDT | +0.0652% | 4h | 0.06185 | +0.321% | $10K | $7K | 5x | as long as short |
| Bybit TRUSTUSDTlong | +0.2868% | 4h | 0.06165 | long leg | $533K | $448K | 25x | |
| BingX TRUST-USDT | +0.2890% | 4h | 0.06187 | +0.357% | — | $6.5M | — | as long as short |
| Variational Omni TRUST | +0.3462% | 4h | 0.06154 | −0.172% | $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