COST

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0183%/8h= −20.0% APRnext payment −$1.83 per $10,000 · paid last 24h −0.056%

Price spread now: Bybit against Binance+0.003%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$920.920% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.003%, 7d avg −0.019%

Together, before fees−0.285%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.023% dearer against Binance than usual: you sell high and buy low (spread +0.003% now, against its 7-day average of −0.019%): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.074% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance COSTUSDT	898.92	0.0183	pay 0.0183% / 8h	5h 37m	$1.1M	$929K	20x
Short	Bybit COSTUSDT	898.95	0	get 0.0000% / 8h	5h 37m	$491K	$218K	25x

Funding 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 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 BinancebpFee BybitbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$38.34
Price spread: +0.003% → −0.019%: $2.29
Slippage, 4 orders: −$71.02
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$128.07
Costs to cover: 0.920%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 17 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, 10 min ago	1.61 bp	6.7 bp −$7	39.1 bp −$391	doesn't fit	doesn't fit
Sell Bybit live order book, 17 min ago	8.06 bp	56.8 bp −$57	202.9 bp −$2,029	doesn't fit	doesn't fit

COST on 15 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
Aster COSTUSDT	0.0000%	8h	899.05	+0.015%	$45K	$178	20x	as long as short
Bybit COSTUSDTshort	0.0000%	8h	898.95	+0.003%	$491K	$218K	25x
OKX COST-USDT-SWAP	0.0000%	8h	899.79	+0.097%	$447K	$109K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.05	+0.015%	$520K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	898.90	−0.002%	$403K	$110K	25x	as long as short
SunX COST-USDT	0.0000%	8h	898.40	−0.058%	$1K	$3.0M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.40	+0.165%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0005%	1h	898.72	−0.022%	$1.1M	$2.9M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.772%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.074%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	898.76	−0.018%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.65	−0.030%	$1.8M	$515K	20x	as long as short
Variational Omni COST	+0.0074%	8h	898.78	−0.016%	$42K	$17K	—	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	899.00	+0.009%	$46K	$872K	20x	as long as short
Binance COSTUSDTlong	+0.0183%	8h	898.92	long leg	$1.1M	$929K	20x