BX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0335%/8h= +36.6% APRnext payment +$3.35 per $10,000 · paid last 24h +0.004%

Price spread now: Binance against Bybit+0.013%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$298as in the Funding arb table

Net, price: spread back to 7d avg − costs−$305as in the Price arb table

costs, in and out, $10k−$3043.037% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 2 days (all we have)+0.087%+$9 · spread now +0.013%, 7d avg +0.024%

Together, before fees+0.141%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.054% in total (about 2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.35 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 BXUSDT	126.47	0	get 0.0000% / 8h	2h 28m	$501K	$863K	25x
Short	Binance BXUSDT	126.49	0.0335	get 0.0335% / 8h	2h 28m	$805K	$451K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BinancebpOrdersPrice spread, now +0.013%Rate

Funding earned: $70.25
Price spread: +0.013% → +0.024%: −$1.07
Slippage, 4 orders: −$282.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$234.57
Costs to cover: 3.037%
Break-even: 30.4 days

Slippage from Bybit: live order book, 56 min ago; Binance: live order book, 48 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, 56 min ago	2.77 bp	147.2 bp −$147	307.1 bp −$3,071	doesn't fit	doesn't fit
Sell Binance live order book, 48 min ago	1.18 bp	22.4 bp −$22	107.9 bp −$1,079	doesn't fit	doesn't fit

BX on 14 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 BX/USDC PERP	−0.0220%	1h	126.23	−0.190%	$2K	$27K	12x	as long as short
Aster BXUSDT	0.0000%	8h	126.09	−0.298%	$5K	$2K	20x	as long as short
Bybit BXUSDTlong	0.0000%	8h	126.47	long leg	$501K	$863K	25x
OKX BX-USDT-SWAP	0.0000%	8h	126.39	−0.063%	$159K	$101K	20x	as long as short
Gate BX_USDT	0.0000%	8h	126.42	−0.040%	$425K	$20K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.53	+0.047%	$903K	$50K	20x	as long as short
SunX BX-USDT	0.0000%	8h	126.47	0.000%	$1K	$301K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.62	+0.119%	$7K	$3K	20x	as long as short
QFEX BX-USD	+0.0018%	1h	130.38	+3.092%	$1.1M	$1.2M	10x	as long as short
Variational Omni BX	+0.0096%	8h	126.53	+0.047%	$31K	$127	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTM	+0.0100%	8h	126.42	−0.040%	$113K	$1.2M	20x	as long as short
Binance BXUSDTshort	+0.0335%	8h	126.49	+0.013%	$805K	$451K	20x
tradeXYZ xyz:BX	+0.0809%	1h	126.41	−0.047%	$666K	$172K	10x	as long as short
GRVT BX_USDT_Perp	+0.1081%	8h	126.45	−0.012%	$895	$129K	10x	as long as short