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: Binance against Bybit−0.044%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1141.141% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 2 days (all we have)+0.068%+$7 · spread now −0.044%, 7d avg +0.008%
=Funding pays, the price is against you. Binance is 0.052% cheaper against Bybit than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.008%). If the spread goes back, that is −$5 on $10k: about 15 hours of funding at the current rate (+$9 a day). 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ADBEUSDT | 249.69 | 0 | get 0.0000% / 8h | 7h 10m | $514K | $119K | 25x |
| Short | Binance ADBEUSDT | 249.58 | 0.0285 | get 0.0285% / 8h | 7h 10m | $1.5M | $530K | 20x |
Bybit ADBEUSDT
Binance ADBEUSDTFunding 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
- $59.86
- Price spread: −0.044% → +0.008%
- −$5.22
- Slippage, 4 orders
- −$93.09
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$59.44
- Costs to cover
- 1.141%
- Break-even
- 14.0 days
Slippage from Bybit: live order book, 55 min ago; Binance: live order book, 8 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, 55 min ago | 11.22 bp | 53.3 bp −$53 | 223.6 bp −$2,236 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 4.61 bp | 19.5 bp −$19 | 74.0 bp −$740 | doesn't fit | doesn't fit |
ADBE on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ADBE/USDC PERP | −0.0220% | 1h | 246.01 | −1.474% | $16K | $19K | 12x | as long as short |
| Aster ADBEUSDT | 0.0000% | 8h | 249.48 | −0.085% | $7K | $2K | 20x | as long as short |
| Bybit ADBEUSDTlong | 0.0000% | 8h | 249.69 | long leg | $514K | $119K | 25x | |
| OKX ADBE-USDT-SWAP | 0.0000% | 8h | 249.66 | −0.012% | $491K | $173K | 20x | as long as short |
| Gate ADBE_USDT | 0.0000% | 8h | 249.69 | 0.000% | $334K | $145K | 20x | as long as short |
| Bitget ADBEUSDT | 0.0000% | 8h | 249.49 | −0.080% | $513K | $104K | 20x | as long as short |
| SunX ADBE-USDT | 0.0000% | 8h | 249.48 | −0.084% | $983 | $344K | 10x | as long as short |
| HTX ADBE-USDT | 0.0000% | 8h | 249.26 | −0.172% | $6K | $38K | 20x | as long as short |
| Extended ADBE_24_5-USD | +0.0040% | 1h | 249.66 | −0.010% | $998 | $2K | 10x | as long as short |
| KuCoin ADBEUSDTM | +0.0100% | 8h | 249.54 | −0.060% | $266K | $217K | 20x | as long as short |
Injective ADBE/USDC PERP
Aster ADBEUSDT
OKX ADBE-USDT-SWAP
Gate ADBE_USDT
Bitget ADBEUSDT
SunX ADBE-USDT
HTX ADBE-USDT
Extended ADBE_24_5-USD
KuCoin ADBEUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADBEUSDTshort | +0.0285% | 8h | 249.58 | −0.044% | $1.5M | $530K | 20x |