Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.182%7-day average −0.156% · you buy dearer than you sell
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1401.404% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.182%, 7d avg −0.156%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.025% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.156%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USUALUSDT | 0.01355 | 0.0100 | pay 0.0050% / 4h | 1h 50m | $1.0M | $923K | 25x |
| Short | Binance USUALUSDT | 0.01352 | 0.0100 | get 0.0050% / 4h | 1h 50m | $2.1M | $3.5M | 50x |
Bybit USUALUSDT
Binance USUALUSDTFunding 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
- $0
- Price spread: −0.182% → −0.156%
- −$2.54
- Slippage, 4 orders
- −$119.36
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$142.9
- Costs to cover
- 1.404%
- Break-even
- never at this rate
Slippage from Bybit: live order book, just now; Binance: live order book, 1 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, just now | 3.32 bp | 34.4 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 4.44 bp | 48.8 bp −$49 | 151.6 bp −$1,516 | doesn't fit | doesn't fit |
USUAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4025% | 1h | 0.01335 | −1.461% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0708% | 1h | 0.01353 | −0.151% | $110K | $23K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01353 | −0.133% | $386K | $232K | 3x | as long as short |
| Binance USUALUSDTshort | +0.0100% | 4h | 0.01352 | −0.182% | $2.1M | $3.5M | 50x | |
| Bybit USUALUSDTlong | +0.0100% | 4h | 0.01355 | long leg | $1.0M | $923K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01354 | −0.059% | $903K | $213K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01352 | −0.177% | $5.9M | $258K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01353 | −0.133% | $280K | $64K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01354 | −0.059% | $819K | $506K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01354 | −0.081% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01355 | +0.043% | $9K | $208 | — | as long as short |
Variational Omni USUAL