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: Bybit against Binance−0.147%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$338as in the Funding arb table
Net, price: spread back to 7d avg − costs−$371as in the Price arb table
costs, in and out, $10k−$3623.621% of the position
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.147%, 7d avg −0.061%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.086% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance VELODROMEUSDT | 0.02956 | 0.0100 | pay 0.0050% / 4h | 1h 35m | $7.6M | $1.5M | 50x |
| Short | Bybit VELODROMEUSDT | 0.02951 | 0.0100 | get 0.0050% / 4h | 1h 35m | $793K | $358K | 20x |
Binance VELODROMEUSDT
Bybit VELODROMEUSDTFunding 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
- $0
- Price spread: −0.147% → −0.061%
- −$8.56
- Slippage, 4 orders
- −$341.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$370.64
- Costs to cover
- 3.621%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Bybit: live order book, 44 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, 3 min ago | 3.38 bp | 22.9 bp −$23 | 229.6 bp −$2,296 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 44 min ago | 6.60 bp | 151.0 bp −$151 | doesn't fit | doesn't fit | doesn't fit |
VELODROME on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance VELODROMEUSDTlong | +0.0100% | 4h | 0.02956 | long leg | $7.6M | $1.5M | 50x | |
| Bybit VELODROMEUSDTshort | +0.0100% | 4h | 0.02951 | −0.147% | $793K | $358K | 20x | |
| Gate VELODROME_USDT | +0.0100% | 4h | 0.02961 | +0.178% | $124K | $6K | 20x | as long as short |
| MEXC VELODROME_USDT | +0.0100% | 4h | 0.02954 | −0.059% | $238K | $90K | 50x | as long as short |
| Bitget VELODROMEUSDT | +0.0100% | 4h | 0.02961 | +0.164% | $528K | $24K | 20x | as long as short |
| BingX VELODROME-USDT | +0.0100% | 4h | 0.02956 | +0.009% | — | $1.3M | — | as long as short |
| Variational Omni VELODROME | +0.0100% | 4h | 0.02954 | −0.052% | $78K | $277 | — | as long as short |
Gate VELODROME_USDT
MEXC VELODROME_USDT
Bitget VELODROMEUSDT
BingX VELODROME-USDT
Variational Omni VELODROME