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Funding arb · Price arb /

ADBE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0285%/8h= −31.2% APRnext payment −$2.85 per $10,000 · paid last 24h −0.040%
Price spread now: Bybit against Binance+0.043%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1141.141% of the position
Long on BinanceShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.057%−$6 on $10k
Price spread, last 2 days (all we have)−0.067%−$7 · spread now +0.043%, 7d avg −0.008%
Together, before fees−0.124%−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.052% dearer against Binance than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.008%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.057% in total) that is about 6.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.057% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.85 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ADBEUSDT249.590.0285pay 0.0285% / 8h7h 10m$1.5M$530K20x
ShortBybit ADBEUSDT249.700get 0.0000% / 8h7h 10m$514K$119K25x

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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$59.86
Price spread: +0.043% → −0.008%
$5.16
Slippage, 4 orders
−$93.09
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$168.79
Costs to cover
1.141%
Break-even
never at this rate
Slippage from Binance: live order book, 8 min ago; Bybit: live order book, 54 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 8 min ago4.61 bp17.2 bp −$1758.6 bp −$586doesn't fitdoesn't fit
Sell Bybit live order book, 54 min ago11.22 bp24.1 bp −$24187.8 bp −$1,878doesn't fitdoesn't fit

ADBE on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ADBE/USDC PERP−0.0220%1h246.01−1.435%$16K$19K12xas long as short
Aster ADBEUSDT0.0000%8h249.48−0.046%$7K$2K20xas long as short
Bybit ADBEUSDTshort0.0000%8h249.70+0.043%$514K$119K25x
OKX ADBE-USDT-SWAP0.0000%8h249.66+0.027%$491K$173K20xas long as short
Gate ADBE_USDT0.0000%8h249.68+0.035%$334K$145K20xas long as short
Bitget ADBEUSDT0.0000%8h249.49−0.041%$513K$104K20xas long as short
SunX ADBE-USDT0.0000%8h249.48−0.045%$948$344K10xas long as short
HTX ADBE-USDT0.0000%8h249.26−0.133%$6K$38K20xas long as short
Extended ADBE_24_5-USD+0.0040%1h249.66+0.029%$998$2K10xas long as short
KuCoin ADBEUSDTM+0.0100%8h249.53−0.025%$266K$217K20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ADBEUSDTlong+0.0285%8h249.59long leg$1.5M$530K20x