Funding you earn now, next payment 04:00 UTC−0.0289%/8h= −31.6% APRnext payment −$1.44 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.109%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$284as in the Funding arb table
Net, price: spread back to 7d avg − costs−$290as in the Price arb table
costs, in and out, $10k−$2892.887% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now −0.109%, 7d avg −0.091%
=The price spread sits at its 7-day average of −0.091%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.44 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 WAXPUSDT | 0.005529 | 0.0389 | pay 0.0194% / 4h | 47m 35s | $508K | $138K | 25x |
| Short | Binance WAXPUSDT | 0.005523 | 0.0100 | get 0.0050% / 4h | 47m 35s | $1.0M | $1.1M | 25x |
Bybit WAXPUSDT
Binance WAXPUSDTFunding 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
- −$60.59
- Price spread: −0.109% → −0.091%
- −$1.72
- Slippage, 4 orders
- −$267.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$351.05
- Costs to cover
- 2.887%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 15 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 | 5.42 bp | 93.4 bp −$93 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 1.81 bp | 35.0 bp −$35 | 198.9 bp −$1,989 | doesn't fit | doesn't fit |
WAXP 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 WAXPUSDTshort | +0.0100% | 4h | 0.005523 | −0.109% | $1.0M | $1.1M | 25x | |
| Gate WAXP_USDT | +0.0100% | 4h | 0.005514 | −0.271% | $96K | $34K | 20x | as long as short |
| MEXC WAXP_USDT | +0.0100% | 4h | 0.005523 | −0.109% | $99K | $93K | 20x | as long as short |
| KuCoin WAXPUSDTM | +0.0100% | 4h | 0.005518 | −0.199% | $209K | $36K | 20x | as long as short |
| Bitget WAXPUSDT | +0.0100% | 4h | 0.005533 | +0.072% | $249K | $164K | 25x | as long as short |
| BingX WAXP-USDT | +0.0352% | 4h | 0.005529 | 0.000% | — | $2.3M | — | as long as short |
| Bybit WAXPUSDTlong | +0.0389% | 4h | 0.005529 | long leg | $508K | $138K | 25x |
Gate WAXP_USDT
MEXC WAXP_USDT
KuCoin WAXPUSDTM
Bitget WAXPUSDT
BingX WAXP-USDT