Funding you earn now, next payment 04:00 UTC−0.0622%/8h= −68.2% APRnext payment −$3.11 per $10,000 · paid last 24h −0.117%
Price spread now: Bybit against Binance−0.153%7-day average −0.191% · you buy dearer than you sell
Net, funding: paid 7d − costs−$606as in the Funding arb table
Net, price: spread back to 7d avg − costs−$556as in the Price arb table
costs, in and out, $10k−$5605.597% of the position
Funding, last 7 days−0.459%−$46 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.153%, 7d avg −0.191%
=The price spread pays, funding is against you. Bybit is 0.039% dearer against Binance than usual: you sell high and buy low (spread −0.153% now, against its 7-day average of −0.191%): +$4 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.459% in total) that is about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XANUSDT | 0.01246 | 0.0722 | pay 0.0361% / 4h | 2h 30m | $2.1M | $1.4M | 50x |
| Short | Bybit XANUSDT | 0.01244 | 0.0100 | get 0.0050% / 4h | 2h 30m | $1.0M | $214K | 13x |
Binance XANUSDT
Bybit XANUSDTFunding 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
- −$130.7
- Price spread: −0.153% → −0.191%
- $3.89
- Slippage, 4 orders
- −$538.72
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$686.54
- Costs to cover
- 5.597%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Bybit: live order book, 4 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 | 1.60 bp | 40.6 bp −$41 | 316.9 bp −$3,169 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.83 bp | 232.7 bp −$233 | doesn't fit | doesn't fit | doesn't fit |
XAN on 9 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 XANUSDTshort | +0.0100% | 4h | 0.01244 | −0.153% | $1.0M | $214K | 13x | |
| Gate XAN_USDT | +0.0100% | 4h | 0.01246 | −0.024% | $246K | $39K | 20x | as long as short |
| KuCoin XANUSDTM | +0.0100% | 4h | 0.01247 | +0.056% | $623K | $1.7M | 50x | as long as short |
| Bitget XANUSDT | +0.0100% | 4h | 0.01244 | −0.136% | $410K | $142K | 50x | as long as short |
| Variational Omni XAN | +0.0100% | 4h | 0.01244 | −0.152% | $7K | $2K | — | as long as short |
| BingX XAN-USDT | +0.0666% | 4h | 0.01245 | −0.056% | — | $1.3M | — | as long as short |
| MEXC XAN_USDT | +0.0720% | 4h | 0.01246 | +0.032% | $9.0M | $108K | 50x | as long as short |
| Binance XANUSDTlong | +0.0722% | 4h | 0.01246 | long leg | $2.1M | $1.4M | 50x | |
| Aster XANUSDT | +0.0866% | 4h | 0.01245 | −0.056% | $45K | $9K | 5x | as long as short |
Gate XAN_USDT
KuCoin XANUSDTM
Bitget XANUSDT
Variational Omni XAN
BingX XAN-USDT
MEXC XAN_USDT
Aster XANUSDT