Funding you earn now, next payment 04:00 UTC−0.0222%/8h= −24.3% APRnext payment −$1.11 per $10,000 · paid last 24h −0.046%
Price spread now: Bybit against Binance+0.129%7-day average −0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$331as in the Funding arb table
Net, price: spread back to 7d avg − costs−$269as in the Price arb table
costs, in and out, $10k−$2922.921% of the position
Funding, last 7 days−0.388%−$39 on $10k
+Price spread, last 7 days−0.156%−$16 · spread now +0.129%, 7d avg −0.100%
=The price spread pays, funding is against you. Bybit is 0.229% dearer against Binance than usual: you sell high and buy low (spread +0.129% now, against its 7-day average of −0.100%): +$23 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance WETUSDT | 0.06971 | 0.0322 | pay 0.0161% / 4h | 3h 18m | $1.2M | $1.3M | 50x |
| Short | Bybit WETUSDT | 0.06980 | 0.0100 | get 0.0050% / 4h | 3h 18m | $1.5M | $369K | 50x |
Binance WETUSDT
Bybit WETUSDTFunding 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
- −$46.68
- Price spread: +0.129% → −0.100%
- $22.86
- Slippage, 4 orders
- −$271.05
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$315.87
- Costs to cover
- 2.921%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 3 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, 14 min ago | 7.44 bp | 30.0 bp −$30 | 218.4 bp −$2,184 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.08 bp | 112.1 bp −$112 | 630.6 bp −$6,306 | doesn't fit | doesn't fit |
WET 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 WETUSDTshort | +0.0100% | 4h | 0.06980 | +0.129% | $1.5M | $369K | 50x | |
| OKX WET-USDT-SWAP | +0.0100% | 4h | 0.06960 | −0.158% | $702K | $349K | 20x | as long as short |
| Gate WET_USDT | +0.0100% | 8h | 0.06974 | +0.043% | $1.1M | $24K | 50x | as long as short |
| KuCoin WETUSDTM | +0.0100% | 4h | 0.06978 | +0.100% | $729K | $685K | 50x | as long as short |
| Bitget WETUSDT | +0.0100% | 4h | 0.06966 | −0.072% | $595K | $79K | 25x | as long as short |
| BloFin WET-USDT | +0.0129% | 4h | 0.06876 | −1.363% | $72K | $7K | 50x | as long as short |
| BingX WET-USDT | +0.0258% | 4h | 0.06981 | +0.143% | — | $6.5M | — | as long as short |
| MEXC WET_USDT | +0.0284% | 4h | 0.06977 | +0.086% | $168K | $86K | 50x | as long as short |
| Binance WETUSDTlong | +0.0322% | 4h | 0.06971 | long leg | $1.2M | $1.3M | 50x | |
| Aster WETUSDT | +0.1289% | 4h | 0.06952 | −0.272% | $14K | $30K | 5x | as long as short |
OKX WET-USDT-SWAP
Gate WET_USDT
KuCoin WETUSDTM
Bitget WETUSDT
BloFin WET-USDT
BingX WET-USDT
MEXC WET_USDT
Aster WETUSDT