Funding you earn now, next payment 08:00 UTC−0.0350%/8h= −38.4% APRnext payment −$3.50 per $10,000 · paid last 24h −0.040%
Price spread now: Bybit against Aster+0.022%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$281as in the Price arb table
costs, in and out, $10k−$2802.799% of the position
Funding, last 4 days (all we have)−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.022%, 7d avg +0.033%
=Together, before fees−0.159%+ Points / potential airdropAster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.076% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.50 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 | Aster BNCUSD1 | 6.1777 | −0.0696 | get 0.0696% / 8h | 2h 22m | $177K | $22K | 10x |
| Short | Bybit BNCUSDT | 6.1790 | −0.1046 | pay 0.1046% / 8h | 2h 22m | $559K | $2.1M | 25x |
Aster BNCUSD1
Bybit BNCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Aster. 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
- −$73.57
- Price spread: +0.022% → +0.033%
- −$1.07
- Slippage, 4 orders
- −$260.94
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$354.58
- Costs to cover
- 2.799%
- Break-even
- never at this rate
Slippage from Aster: live order book, 24 min ago; Bybit: live order book, 4 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 Aster live order book, 24 min ago | 19.36 bp | 27.2 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 6.46 bp | 106.0 bp −$106 | 218.9 bp −$2,189 | doesn't fit | doesn't fit |
BNC on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BNCUSDT | −0.2582% | 8h | 6.2044 | +0.433% | $782K | $4.2M | 5x | as long as short |
| Binance BNCUSDT | −0.1295% | 8h | 6.1801 | +0.040% | $13.3M | $41.3M | 10x | as long as short |
| Variational Omni BNC | −0.1175% | 8h | 6.1880 | +0.167% | $115K | $142K | — | as long as short |
| Bybit BNCUSDTshort | −0.1046% | 8h | 6.1790 | +0.022% | $559K | $2.1M | 25x | |
| Aster BNCUSD1long | −0.0696% | 8h | 6.1777 | long leg | $177K | $22K | 10x | |
| HTX BNC-USDT | −0.0063% | 8h | 6.2110 | +0.540% | $14K | $27K | 10x | as long as short |
| QFEX BNC-USD | −0.0022% | 1h | 6.2100 | +0.524% | $49K | $13K | 10x | as long as short |
| Bullet BNC-USD | 0.0000% | 1h | 6.1826 | +0.080% | $9K | $69K | 10x | as long as short |
| KuCoin BNCUSDTM | +0.0004% | 8h | 6.1840 | +0.103% | $35K | $3.0M | 20x | as long as short |
Bitget BNCUSDT
Binance BNCUSDT
Variational Omni BNC
HTX BNC-USDT
QFEX BNC-USD
Bullet BNC-USD
KuCoin BNCUSDTM