Funding you earn now, next payment 00:00 UTC+0.0127%/8h= +13.9% APRnext payment +$1.27 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.020%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 2 days (all we have)+0.038%+$4 · spread now −0.020%, 7d avg +0.012%
=Funding pays, the price is against you. Binance is 0.032% cheaper against Bybit than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.012%). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.010% in total) that is about 23 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AAPLUSDT | 339.11 | 0 | get 0.0000% / 8h | 1m 00s | $6.0M | $39.2M | 100x |
| Short | Binance AAPLUSDT | 339.04 | 0.0127 | get 0.0127% / 8h | 1m 00s | $22.4M | $67.1M | 25x |
Bybit AAPLUSDT
Binance AAPLUSDTFunding 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
- $26.71
- Price spread: −0.020% → +0.012%
- −$3.21
- Slippage, 4 orders
- −$2.1
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $0.4
- Costs to cover
- 0.231%
- Break-even
- 6.9 days
Slippage from Bybit: live order book, 8 min ago; Binance: live order book, 11 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, 8 min ago | 0.15 bp | 6.3 bp −$6 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.15 bp | 5.4 bp −$5 | 8.1 bp −$81 | 32.9 bp −$3,285 | 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 | −0.0997% | 4h | 338.99 | −0.036% | $81K | $327K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.99 | −0.035% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDTlong | 0.0000% | 8h | 339.11 | long leg | $6.0M | $39.2M | 100x | |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.07 | −0.012% | $6.5M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.85 | −0.077% | $3.0M | $4.2M | 100x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.00 | −0.032% | $566 | $4.8M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.89 | −0.065% | $28K | $66K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.21 | +0.029% | $53K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.06 | −0.015% | $2.1M | $6K | 10x | as long as short |
| GRVT AAPL_USDT_Perp | +0.0025% | 8h | 339.05 | −0.018% | $13K | $490K | 10x | as long as short |
edgeX AAPLUSDC
Aster AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
GRVT AAPL_USDT_PerpShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH AAPL | +0.0032% | 1h | 339.00 | −0.032% | $961K | $3.8M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.77 | −0.100% | — | $53K | 25x | as long as short |
| Lighter AAPL | +0.0048% | 1h | 338.96 | −0.045% | $771K | $2.5M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.88 | −0.068% | $265K | $394K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.96 | −0.044% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.62 | −0.144% | $1.4M | $2.4M | 20x | as long as short |
| QFEX AAPL-USD | +0.0064% | 1h | 339.02 | −0.027% | $3.2M | $5.1M | 10x | as long as short |
| Bitget AAPLUSDT | +0.0090% | 8h | 339.04 | −0.021% | $6.2M | $3.5M | 100x | as long as short |
| Nado AAPL-PERP | +0.0098% | 1h | 338.85 | −0.078% | $557K | $36K | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.83 | −0.083% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.82 | −0.086% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.90 | −0.062% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.97 | −0.043% | $11K | — | 10x | as long as short |
| Variational Omni AAPL | +0.0106% | 8h | 339.00 | −0.031% | $2.4M | $1.4M | — | as long as short |
| Binance AAPLUSDTshort | +0.0127% | 8h | 339.04 | −0.020% | $22.4M | $67.1M | 25x | |
| Extended AAPL_24_5-USD | +0.0128% | 1h | 338.97 | −0.040% | $285K | $1.5M | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0128% | 1h | 338.93 | −0.053% | $36K | — | 20x | as long as short |
| BloFin AAPL-USDT | +0.0129% | 8h | 339.06 | −0.015% | $347K | $170K | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0172% | 1h | 338.96 | −0.044% | $40.8M | $76.1M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0192% | 1h | 339.03 | −0.024% | $660K | $676K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.80 | −0.091% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0330% | 1h | 339.13 | +0.006% | $5K | $8K | 20x | as long as short |
| Arcus AAPL-USD | +0.0397% | 1h | 338.88 | −0.068% | $269K | $70K | 20x | as long as short |
Lighter RH AAPL
Vest AAPL-USD-PERP
Lighter AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
QFEX AAPL-USD
Bitget AAPLUSDT
Nado AAPL-PERP
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Variational Omni AAPL
Extended AAPL_24_5-USD
Hotstuff AAPL-PERP
BloFin AAPL-USDT
tradeXYZ xyz:AAPL
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL
Arcus AAPL-USD