Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.2% APRnext payment −$0.56 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.021%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$240.236% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 2 days (all we have)−0.042%−$4 · spread now +0.021%, 7d avg −0.012%
=The price spread pays, funding is against you. Bybit is 0.033% dearer against Binance than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.012%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−0.010% in total) that is about 24 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance AAPLUSDT | 339.17 | 0.0056 | pay 0.0056% / 8h | 52m 40s | $22.4M | $67.2M | 25x |
| Short | Bybit AAPLUSDT | 339.24 | 0 | get 0.0000% / 8h | 52m 40s | $6.1M | $39.8M | 100x |
Funding 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
- −$11.85
- Price spread: +0.021% → −0.012%
- $3.3
- Slippage, 4 orders
- −$2.56
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$32.12
- Costs to cover
- 0.236%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Bybit: 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 Binance live order book, 5 min ago | 0.15 bp | 5.9 bp −$6 | 8.8 bp −$88 | 32.7 bp −$3,266 | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.15 bp | 6.4 bp −$6 | 9.3 bp −$93 | 36.8 bp −$3,684 | doesn't fit |
AAPL on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0916% | 4h | 339.15 | −0.005% | $81K | $325K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.00 | −0.050% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDTshort | 0.0000% | 8h | 339.24 | +0.021% | $6.1M | $39.8M | 100x | |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.17 | 0.000% | $6.5M | $7.0M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.91 | −0.077% | $3.0M | $4.2M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.14 | −0.009% | $14K | $498K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.16 | −0.003% | $526 | $4.8M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.25 | +0.024% | $52K | $222K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.17 | 0.000% | $2.1M | $7K | 10x | as long as short |
| Bitget AAPLUSDT | +0.0018% | 8h | 339.19 | +0.006% | $6.2M | $3.4M | 100x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | +0.0022% | 8h | 339.17 | −0.001% | $2.4M | $1.4M | — | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.07 | −0.029% | $964K | $3.7M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.81 | −0.106% | — | $53K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.96 | −0.062% | $265K | $394K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.05 | −0.035% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.87 | −0.088% | $1.4M | $2.4M | 20x | as long as short |
| Extended AAPL_24_5-USD | +0.0056% | 1h | 339.10 | −0.020% | $285K | $1.5M | 10x | as long as short |
| Binance AAPLUSDTlong | +0.0056% | 8h | 339.17 | long leg | $22.4M | $67.2M | 25x | |
| QFEX AAPL-USD | +0.0064% | 1h | 339.07 | −0.029% | $3.2M | $5.1M | 10x | as long as short |
| BloFin AAPL-USDT | +0.0081% | 8h | 339.14 | −0.009% | $306K | $167K | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.86 | −0.091% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.81 | −0.106% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.02 | −0.044% | $4K | — | 10x | as long as short |
| Lighter AAPL | +0.0104% | 1h | 339.05 | −0.037% | $773K | $2.4M | 20x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.10 | −0.021% | $11K | — | 10x | as long as short |
| Nado AAPL-PERP | +0.0120% | 1h | 338.84 | −0.096% | $556K | $35K | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0144% | 1h | 339.03 | −0.041% | $36K | — | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0192% | 1h | 339.03 | −0.041% | $660K | $677K | 10x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0193% | 1h | 338.97 | −0.059% | $28K | $65K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 340.07 | +0.265% | $191K | $44K | 30x | as long as short |
| tradeXYZ xyz:AAPL | +0.0223% | 1h | 339.04 | −0.038% | $40.9M | $76.4M | 20x | as long as short |
| Phoenix AAPL | +0.0330% | 1h | 339.20 | +0.009% | $2K | $8K | 20x | as long as short |
| Arcus AAPL-USD | +0.0397% | 1h | 338.99 | −0.053% | $270K | $71K | 20x | as long as short |
Binance AAPLUSDT
Bybit AAPLUSDT
edgeX AAPLUSDC
Aster AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Bitget AAPLUSDT
Variational Omni AAPL
Lighter RH AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Extended AAPL_24_5-USD
BloFin AAPL-USDT
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Lighter AAPL
Coinbase International AAPL-PERP-INTX
Deribit AAPL_USDC-PERPETUAL
Injective AAPL/USDC PERP
tradeXYZ xyz:AAPL
Phoenix AAPL