Funding you earn now, next payment 00:00 UTC−0.0143%/8h= −15.7% APRnext payment −$1.43 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.060%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$377as in the Funding arb table
Net, price: spread back to 7d avg − costs−$389as in the Price arb table
costs, in and out, $10k−$3823.820% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 2 days (all we have)+0.164%+$16 · spread now −0.060%, 7d avg +0.013%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.073% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.013%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BSPUSDT | 38.723 | 0.0143 | pay 0.0143% / 8h | 2h 31m | $560K | $447K | 10x |
| Short | Bybit BSPUSDT | 38.700 | 0 | get 0.0000% / 8h | 2h 31m | $385K | $72K | 25x |
Binance BSPUSDT
Bybit BSPUSDTFunding 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
- −$30.02
- Price spread: −0.060% → +0.013%
- −$7.26
- Slippage, 4 orders
- −$361.03
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$419.31
- Costs to cover
- 3.820%
- Break-even
- never at this rate
Slippage from Binance: live order book, 45 min ago; Bybit: live order book, 52 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, 45 min ago | 1.29 bp | 54.2 bp −$54 | 286.4 bp −$2,864 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 52 min ago | 11.59 bp | 138.3 bp −$138 | 254.9 bp −$2,549 | doesn't fit | doesn't fit |
BSP on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BSPUSDTshort | 0.0000% | 8h | 38.700 | −0.060% | $385K | $72K | 25x | |
| Gate BSP_USDT | 0.0000% | 8h | 38.730 | +0.018% | $262K | $274K | 25x | as long as short |
| Bitget BSPUSDT | 0.0000% | 8h | 38.774 | +0.131% | $100K | $59K | 20x | as long as short |
| HTX BSP-USDT | +0.0100% | 8h | 38.730 | +0.018% | $6K | $42K | 10x | as long as short |
| OKX BSP-USDT-SWAP | +0.0131% | 8h | 38.700 | −0.060% | $155K | $152K | 10x | as long as short |
| Binance BSPUSDTlong | +0.0143% | 8h | 38.723 | long leg | $560K | $447K | 10x | |
| KuCoin BSPUSDTM | +0.0508% | 8h | 38.740 | +0.044% | $47K | $108K | 20x | as long as short |
Gate BSP_USDT
Bitget BSPUSDT
HTX BSP-USDT
OKX BSP-USDT-SWAP
KuCoin BSPUSDTM