Funding you earn now, next payment 04:00 UTC+0.0509%/8h= +55.7% APRpaid last 24h 0.000%
Price spread now: Binance against Bybit+0.208%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$323as in the Funding arb table
Net, price: spread back to 7d avg − costs−$310as in the Price arb table
costs, in and out, $10k−$3213.209% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)−0.185%−$18 · spread now +0.208%, 7d avg +0.094%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Binance is 0.113% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.094%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.0% a year). A funding rate is set anew for every payment. 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 1000XECUSDT | 0.000008760 | −0.0522 | get 0.0522% / 8h | 5h 45m | $666K | $718K | 20x |
| Short | Binance 1000XECUSDT | 0.000008778 | −0.0013 | pay 0.0007% / 4h | 1h 45m | $1.7M | $7.0M | 75x |
Bybit 1000XECUSDT
Binance 1000XECUSDTFunding 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
- $106.86
- Price spread: +0.208% → +0.094%
- $11.34
- Slippage, 4 orders
- −$299.9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$202.7
- Costs to cover
- 3.209%
- Break-even
- 20.3 days
Slippage from Bybit: live order book, 10 min ago; Binance: live order book, 9 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, 10 min ago | 3.45 bp | 161.7 bp −$162 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 2.87 bp | 26.0 bp −$26 | 98.4 bp −$984 | doesn't fit | doesn't fit |
XEC 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XECUSDTM | −0.0594% | 4h | 0.000008760 | 0.000% | $182K | $107K | 20x | as long as short |
| Bybit 1000XECUSDTlong | −0.0522% | 8h | 0.000008760 | long leg | $666K | $718K | 20x | |
| Aster 1000XECUSDT | −0.0174% | 4h | 0.000008779 | +0.219% | $2K | $37K | 5x | as long as short |
| Extended kXEC-USD | −0.0016% | 1h | 0.000008778 | +0.201% | $3K | — | 5x | as long as short |
| Binance 1000XECUSDTshort | −0.0013% | 4h | 0.000008778 | +0.208% | $1.7M | $7.0M | 75x | |
| MEXC XEC_USDT | −0.0012% | 4h | 0.000008778 | +0.205% | $341K | $105K | 20x | as long as short |
| Bitget 1000XECUSDT | +0.0100% | 4h | 0.000008776 | +0.183% | $1.2M | $680K | 50x | as long as short |
KuCoin XECUSDTM
Aster 1000XECUSDT
Extended kXEC-USD
MEXC XEC_USDT
Bitget 1000XECUSDT