Funding you earn now, next payment 08:00 UTC+0.0007%/8h= +0.7% APRpaid last 24h +0.028%
Price spread now: Coinbase International against Bybit−0.925%7-day average −0.289% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as in the Price arb table
costs, in and out, $10k−$1061.060% of the position
Funding, last 7 days+0.173%+$17 on $10k
+Price spread, last 4 days (all we have)+1.192%+$119 · spread now −0.925%, 7d avg −0.289%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.635% cheaper against Bybit than usual: you would sell low and buy high, −$64 on $10k if it goes back to its 7-day average of −0.289%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BEUSDT | 270.29 | 0.0009 | pay 0.0009% / 8h | 7h 12m | $2.0M | $1.1M | 25x |
| Short | Coinbase International BE-PERP-INTX | 267.79 | 0.0016 | get 0.0002% / 1h | 12m 55s | $458K | $129K | 10x |
Bybit BEUSDT
Coinbase International BE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $1.39
- Price spread: −0.925% → −0.289%
- −$63.54
- Slippage, 4 orders
- −$85.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$168.17
- Costs to cover
- 1.060%
- Break-even
- 851.2 days
Slippage from Bybit: live order book, 4 min ago; Coinbase International: live order book, 20 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, 4 min ago | 5.55 bp | 47.2 bp −$47 | 178.8 bp −$1,788 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 20 min ago | 6.34 bp | 12.2 bp −$12 | 18.6 bp −$186 | doesn't fit | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 270.07 | −0.080% | $340K | $130K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 270.24 | −0.020% | $45K | $383K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 270.37 | +0.029% | $8.1M | $37.8M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 270.50 | +0.078% | $2.6M | $6.8M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 270.10 | −0.070% | $1.3M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 270.08 | −0.078% | $1.6M | $2.7M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 270.21 | −0.029% | $6K | $150K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 270.18 | −0.041% | $1K | $2.2M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 270.39 | +0.037% | $12K | $35K | 20x | as long as short |
| Bybit BEUSDTlong | +0.0009% | 8h | 270.29 | long leg | $2.0M | $1.1M | 25x |
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
OKX BE-USDT-SWAP
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX BE-USD | +0.0012% | 1h | 270.14 | −0.055% | $1.3M | $2.2M | 10x | as long as short |
| Coinbase International BE-PERP-INTXshort | +0.0016% | 1h | 267.79 | −0.925% | $458K | $129K | 10x | |
| Lighter BE | +0.0032% | 1h | 269.80 | −0.181% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 269.92 | −0.137% | $245K | $304K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 269.87 | −0.155% | $111K | $95K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 270.21 | −0.030% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 270.23 | −0.022% | $5.9M | $2.8M | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 269.99 | −0.111% | $351K | $90K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 269.88 | −0.153% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 270.03 | −0.096% | $45K | $150K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0788% | 1h | 270.16 | −0.048% | $6K | $4K | 10x | as long as short |
QFEX BE-USD
Lighter BE
Lighter RH BE
Arcus BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL