Funding you earn now, next payment 08:00 UTC+0.0209%/8h= +22.9% APRnext payment +$1.04 per $10,000 · paid last 24h +0.058%
Price spread now: Binance against Bybit−0.058%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1411.413% of the position
Funding, last 7 days+0.264%+$26 on $10k
+Price spread, last 7 days−0.056%−$6 · spread now −0.058%, 7d avg −0.115%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.057% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.115%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WALUSDT | 0.03437 | −0.0109 | get 0.0054% / 4h | 2h 40m | $1.5M | $1.7M | 25x |
| Short | Binance WALUSDT | 0.03435 | 0.0100 | get 0.0050% / 4h | 2h 40m | $2.3M | $6.7M | 75x |
Bybit WALUSDT
Binance WALUSDTFunding 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
- $43.84
- Price spread: −0.058% → −0.115%
- $5.67
- Slippage, 4 orders
- −$120.32
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$91.81
- Costs to cover
- 1.413%
- Break-even
- 21.7 days
Slippage from Bybit: live order book, 6 min ago; Binance: live order book, 13 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, 6 min ago | 4.32 bp | 47.0 bp −$47 | 333.0 bp −$3,330 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 2.87 bp | 28.0 bp −$28 | 113.3 bp −$1,133 | doesn't fit | doesn't fit |
WAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit WALUSDTlong | −0.0109% | 4h | 0.03437 | long leg | $1.5M | $1.7M | 25x | |
| OKX WAL-USDT-SWAP | +0.0076% | 4h | 0.03431 | −0.175% | $219K | $1.0M | 10x | as long as short |
| Binance WALUSDTshort | +0.0100% | 4h | 0.03435 | −0.058% | $2.3M | $6.7M | 75x | |
| Gate WAL_USDT | +0.0100% | 4h | 0.03433 | −0.116% | $291K | $579K | 50x | as long as short |
| MEXC WAL_USDT | +0.0100% | 4h | 0.03433 | −0.116% | $566K | $284K | 20x | as long as short |
| KuCoin WALUSDTM | +0.0100% | 4h | 0.03434 | −0.087% | $328K | $56K | 30x | as long as short |
| Bitget WALUSDT | +0.0100% | 4h | 0.03437 | 0.000% | $594K | $931K | 20x | as long as short |
| BingX WAL-USDT | +0.0100% | 4h | 0.03437 | 0.000% | — | $6.6M | — | as long as short |
| Variational Omni WAL | +0.0100% | 4h | 0.03439 | +0.057% | $20K | $14K | — | as long as short |
| Bluefin WAL-PERP | +0.0100% | 1h | 0.03444 | +0.204% | $30K | $636K | 20x | as long as short |
OKX WAL-USDT-SWAP
Gate WAL_USDT
MEXC WAL_USDT
KuCoin WALUSDTM
Bitget WALUSDT
BingX WAL-USDT
Variational Omni WAL
Bluefin WAL-PERP