TRUTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.20 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against Bybit−0.124%7-day average −0.144% · you buy dearer than you sell

Net, funding: paid 7d − costs−$664as in the Funding arb table

Net, price: spread back to 7d avg − costs−$629as in the Price arb table

costs, in and out, $10k−$6316.310% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.331%−$33 on $10k

Price spread, last 7 days−0.017%−$2 · spread now −0.124%, 7d avg −0.144%

Together, before fees−0.348%−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.020% dearer against Bybit than usual: you sell high and buy low (spread −0.124% now, against its 7-day average of −0.144%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.331% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUTHUSDT	0.01361	0.0639	pay 0.0319% / 4h	1h 55m	$1.3M	$453K	20x
Short	Binance TRUTHUSDT	0.01360	0.0598	get 0.0299% / 4h	1h 55m	$4.3M	$1.6M	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BinancebpOrdersPrice spread, now −0.124%Rate

Funding earned: −$8.61
Price spread: −0.124% → −0.144%: $2.01
Slippage, 4 orders: −$609.98
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$637.58
Costs to cover: 6.310%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 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, 5 min ago	5.50 bp	303.6 bp −$304	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	6.25 bp	44.7 bp −$45	204.7 bp −$2,047	doesn't fit	doesn't fit

TRUTH 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
Gate TRUTH_USDT	+0.0100%	4h	0.01356	−0.404%	$424K	$62K	20x	as long as short
KuCoin TRUTHUSDTM	+0.0100%	4h	0.01356	−0.419%	$1.1M	$51K	10x	as long as short
OKX TRUTH-USDT-SWAP	+0.0550%	4h	0.01361	−0.022%	$185K	$286K	10x	as long as short
MEXC TRUTH_USDT	+0.0596%	4h	0.01360	−0.125%	$11.8M	$131K	20x	as long as short
Binance TRUTHUSDTshort	+0.0598%	4h	0.01360	−0.124%	$4.3M	$1.6M	20x
Extended TRUTH-USD	+0.0600%	1h	0.01359	−0.146%	$3K	$180K	5x	as long as short
Aster TRUTHUSDT	+0.0608%	4h	0.01360	−0.111%	$36K	$7K	5x	as long as short
BingX TRUTH-USDT	+0.0622%	4h	0.01361	−0.066%	—	$6.5M	—	as long as short
Bybit TRUTHUSDTlong	+0.0639%	4h	0.01361	long leg	$1.3M	$453K	20x
BloFin TRUTH-USDT	+0.0657%	4h	0.01358	−0.257%	$198K	$13K	50x	as long as short