Funding you earn now, next payment 00:00 UTC+0.0069%/8h= +7.5% APRnext payment +$0.69 per $10,000 · paid last 24h +0.149%
Price spread now: Bybit against Binance+0.068%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$338as in the Funding arb table
Net, price: spread back to 7d avg − costs−$274as in the Price arb table
costs, in and out, $10k−$2772.775% of the position
Funding, last 7 days−0.600%−$60 on $10k
+Price spread, last 2 days (all we have)+0.136%+$14 · spread now +0.068%, 7d avg +0.030%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.038% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.030%. Mind the row above: over the last 7 days funding on this pair cost −0.600%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BOTUSDT | 29.400 | −0.0069 | get 0.0069% / 8h | 1h 11m | $454K | $1.2M | 10x |
| Short | Bybit BOTUSDT | 29.420 | 0 | get 0.0000% / 8h | 1h 11m | $514K | $315K | 25x |
Binance BOTUSDT
Bybit BOTUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14.41
- Price spread: +0.068% → +0.030%
- $3.81
- Slippage, 4 orders
- −$256.49
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$259.27
- Costs to cover
- 2.775%
- Break-even
- 132.9 days
Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 63 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 Binance live order book, 6 min ago | 1.70 bp | 45.9 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 63 min ago | 5.08 bp | 97.5 bp −$97 | 218.2 bp −$2,182 | doesn't fit | doesn't fit |
BOT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus BOT-USD | −0.0974% | 1h | 29.390 | −0.034% | $744 | $5K | 5x | as long as short |
| tradeXYZ xyz:BOT | −0.0169% | 1h | 29.404 | +0.014% | $3.1M | $826K | 10x | as long as short |
| KuCoin BOTUSDTM | −0.0167% | 8h | 29.420 | +0.068% | $96K | $329K | 20x | as long as short |
| Binance BOTUSDTlong | −0.0069% | 8h | 29.400 | long leg | $454K | $1.2M | 10x | |
| QFEX BOT-USD | −0.0048% | 1h | 29.430 | +0.102% | $1.2M | $525K | 10x | as long as short |
| Bybit BOTUSDTshort | 0.0000% | 8h | 29.420 | +0.068% | $514K | $315K | 25x | |
| OKX BOT-USDT-SWAP | 0.0000% | 8h | 29.450 | +0.170% | $238K | $221K | 20x | as long as short |
| Gate BOT_USDT | 0.0000% | 8h | 29.460 | +0.204% | $252K | $246K | 20x | as long as short |
| Bitget BOTUSDT | 0.0000% | 8h | 29.440 | +0.136% | $252K | $145K | 5x | as long as short |
| Variational Omni BOT | 0.0000% | 8h | 29.381 | −0.064% | $31K | $19K | — | as long as short |
Arcus BOT-USD
tradeXYZ xyz:BOT
KuCoin BOTUSDTM
QFEX BOT-USD
OKX BOT-USDT-SWAP
Gate BOT_USDT
Bitget BOTUSDT
Variational Omni BOTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BOT | +0.0032% | 1h | 29.493 | +0.316% | $68K | $14K | 3x | as long as short |
| HTX BOT-USDT | +0.0100% | 8h | 29.447 | +0.160% | $3K | $34K | 10x | as long as short |
Lighter BOT
HTX BOT-USDT