Funding you earn now, next payment 12:00 UTC+0.2135%/8h= +233.8% APRnext payment +$10.67 per $10,000 · paid last 24h +0.155%
Price spread now: Binance against Bybit0.000%7-day average +0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,980as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3,057as in the Price arb table
costs, in and out, $10k−$3,04430.437% of the position
Funding, last 7 days+0.640%+$64 on $10k
+Price spread, last 4 days (all we have)+0.181%+$18 · spread now 0.000%, 7d avg +0.138%
=Funding pays, the price is against you. Binance is 0.138% cheaper against Bybit than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.138%). If the spread goes back, that is −$14 on $10k: about 5 hours of funding at the current rate (+$64 a day). At the pace of the last 7 days (+0.640% in total) that is about 36 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.640% in total (about 33.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.67 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XNYUSDT | 0.006625 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $473K | $62K | 5x |
| Short | Binance XNYUSDT | 0.006625 | 0.2235 | get 0.1117% / 4h | 1h 58m | $3.9M | $1.2M | 10x |
Bybit XNYUSDT
Binance XNYUSDTFunding 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
- $448.3
- Price spread: 0.000% → +0.138%
- −$13.75
- Slippage, 4 orders
- −$3,022.73
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$2,609.19
- Costs to cover
- 30.437%
- Break-even
- 47.7 days
Slippage from Bybit: live order book, 49 min ago; Binance: live order book, 1 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, 49 min ago | 6.27 bp | 2107.1 bp −$2,107 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 5.28 bp | 62.9 bp −$63 | 358.3 bp −$3,583 | doesn't fit | doesn't fit |
XNY on 9 exchanges
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 XNYUSDTlong | +0.0100% | 4h | 0.006625 | long leg | $473K | $62K | 5x | |
| Gate XNY_USDT | +0.0100% | 4h | 0.006661 | +0.543% | $221K | $22K | 10x | as long as short |
| KuCoin XNYUSDTM | +0.0100% | 4h | 0.006633 | +0.121% | $316K | $16K | 10x | as long as short |
| Variational Omni XNY | +0.0100% | 4h | 0.006679 | +0.822% | $54K | $2K | — | as long as short |
| Aster XNYUSDT | +0.1872% | 4h | 0.006633 | +0.125% | $6K | $6K | 5x | as long as short |
| BingX XNY-USDT | +0.2216% | 4h | 0.006629 | +0.060% | — | $1.3M | — | as long as short |
| BloFin XNY-USDT | +0.2226% | 4h | 0.006639 | +0.211% | $233K | $7K | 10x | as long as short |
| Binance XNYUSDTshort | +0.2235% | 4h | 0.006625 | 0.000% | $3.9M | $1.2M | 10x | |
| MEXC XNY_USDT | +0.2266% | 4h | 0.006627 | +0.030% | $206K | $107K | 100x | as long as short |
Gate XNY_USDT
KuCoin XNYUSDTM
Variational Omni XNY
Aster XNYUSDT
BingX XNY-USDT
BloFin XNY-USDT
MEXC XNY_USDT