Funding you earn now, next payment 04:00 UTC+0.0545%/8h= +59.7% APRnext payment +$2.73 per $10,000 · paid last 24h +0.118%
Price spread now: Binance against Bybit+0.025%7-day average −0.292% · you sell dearer than you buy
Net, funding: paid 7d − costs−$314as in the Funding arb table
Net, price: spread back to 7d avg − costs−$301as in the Price arb table
costs, in and out, $10k−$3323.325% of the position
Funding, last 7 days+0.189%+$19 on $10k
+Price spread, last 7 days−0.160%−$16 · spread now +0.025%, 7d avg −0.292%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Binance is 0.317% dearer against Bybit than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of −0.292%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.189% in total (about 9.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.73 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 USUSDT | 0.01620 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $3.2M | $889K | 20x |
| Short | Binance USUSDT | 0.01621 | 0.0645 | get 0.0323% / 4h | 2h 55m | $9.0M | $3.2M | 10x |
Bybit USUSDT
Binance USUSDTFunding 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
- $114.45
- Price spread: +0.025% → −0.292%
- $31.68
- Slippage, 4 orders
- −$311.48
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$186.35
- Costs to cover
- 3.325%
- Break-even
- 18.4 days
Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 14 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, 2 min ago | 3.07 bp | 143.8 bp −$144 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.92 bp | 28.3 bp −$28 | 199.4 bp −$1,994 | doesn't fit | doesn't fit |
US 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit USUSDTlong | +0.0100% | 4h | 0.01620 | long leg | $3.2M | $889K | 20x | |
| Gate US_USDT | +0.0100% | 4h | 0.01618 | −0.160% | $2.0M | $568K | 20x | as long as short |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01619 | −0.074% | $4.1M | $278K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01620 | +0.003% | $16K | $3K | — | as long as short |
| Bitget USUSDT | +0.0282% | 4h | 0.01621 | +0.031% | $4.3M | $251K | 10x | as long as short |
| Aster USUSDT | +0.0571% | 4h | 0.01622 | +0.082% | $12K | $53K | 5x | as long as short |
| BloFin US-USDT | +0.0633% | 4h | 0.01627 | +0.401% | $477K | $48K | 10x | as long as short |
| MEXC US_USDT | +0.0644% | 4h | 0.01620 | −0.012% | $5.4M | $112K | 100x | as long as short |
| Binance USUSDTshort | +0.0645% | 4h | 0.01621 | +0.025% | $9.0M | $3.2M | 10x | |
| Extended US-USD | +0.0648% | 1h | 0.01621 | +0.044% | $2K | $100K | 5x | as long as short |
Gate US_USDT
KuCoin USUSDTM
Variational Omni US
Bitget USUSDT
Aster USUSDT
BloFin US-USDT
MEXC US_USDT
Extended US-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX US-USDT | +0.0690% | 4h | 0.01622 | +0.080% | — | $1.3M | — | as long as short |
BingX US-USDT