Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.021%
Price spread now: Bybit against Binance+0.001%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$390.395% of the position
Funding, last 7 days+0.088%+$9 on $10k
+Price spread, last 2 days (all we have)+0.027%+$3 · spread now +0.001%, 7d avg +0.009%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COINUSDT | 201.45 | 0 | get 0.0000% / 8h | 1h 30m | $15.6M | $76.8M | 20x |
| Short | Bybit COINUSDT | 201.45 | 0 | get 0.0000% / 8h | 1h 30m | $5.0M | $5.9M | 50x |
Binance COINUSDT
Bybit COINUSDTFunding 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
- $0
- Price spread: +0.001% → +0.009%
- −$0.7
- Slippage, 4 orders
- −$18.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$40.2
- Costs to cover
- 0.395%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 2 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, 12 min ago | 0.25 bp | 6.8 bp −$7 | 14.8 bp −$148 | 52.6 bp −$5,260 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.72 bp | 10.9 bp −$11 | 26.4 bp −$264 | doesn't fit | doesn't fit |
COIN on 26 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 COIN/USDC PERP | −0.0440% | 1h | 201.10 | −0.172% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.63 | +0.090% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.48 | +0.017% | $119K | $446K | 10x | as long as short |
| Binance COINUSDTlong | 0.0000% | 8h | 201.45 | long leg | $15.6M | $76.8M | 20x | |
| Bybit COINUSDTshort | 0.0000% | 8h | 201.45 | +0.001% | $5.0M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.40 | −0.023% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.43 | −0.008% | $1.3M | $6.9M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.87 | +0.208% | $759K | $983K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.92 | +0.237% | $16K | $2.0M | 10x | as long as short |
| Bitget COINUSDT | +0.0002% | 8h | 201.48 | +0.016% | $6.9M | $9.9M | 20x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Bitget COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0016% | 1h | 201.63 | +0.091% | $1.4M | $3.9M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 201.37 | −0.039% | $367K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.38 | −0.033% | $433K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.82 | +0.185% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.51 | +0.031% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.60 | +0.076% | $147K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.46 | +0.006% | $85 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.39 | −0.028% | $362K | $3.3M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0051% | 1h | 201.37 | −0.038% | $16.3M | $13.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.64 | +0.096% | $1.0M | $144K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.80 | +0.175% | $91K | $346K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.59 | +0.071% | $583 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.51 | +0.031% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.50 | +0.026% | $199K | $341K | 20x | as long as short |
| Phoenix COIN | +0.0198% | 1h | 201.70 | +0.126% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0698% | 4h | 201.78 | +0.167% | $52K | $294K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
tradeXYZ xyz:COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC