Funding you earn now, next payment 00:00 UTC+0.0397%/8h= +43.4% APRnext payment +$3.97 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.020%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$700.698% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 2 days (all we have)+0.091%+$9 · spread now −0.020%, 7d avg +0.029%
=Funding pays, the price is against you. Binance is 0.050% cheaper against Bybit than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.029%). If the spread goes back, that is −$5 on $10k: about 10 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.018% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.97 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 COSTUSDT | 899.11 | 0 | get 0.0000% / 8h | 43m 18s | $470K | $193K | 25x |
| Short | Binance COSTUSDT | 898.93 | 0.0397 | get 0.0397% / 8h | 43m 18s | $1.1M | $967K | 20x |
Bybit COSTUSDT
Binance COSTUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $83.33
- Price spread: −0.020% → +0.029%
- −$4.95
- Slippage, 4 orders
- −$48.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $8.57
- Costs to cover
- 0.698%
- Break-even
- 6.3 days
Slippage from Bybit: live order book, 27 min ago; Binance: live order book, 4 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, 27 min ago | 9.35 bp | 25.5 bp −$25 | 66.2 bp −$662 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 1.34 bp | 11.7 bp −$12 | 61.7 bp −$617 | 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 | 898.23 | −0.098% | $45K | $178 | 20x | as long as short |
| Bybit COSTUSDTlong | 0.0000% | 8h | 899.11 | long leg | $470K | $193K | 25x | |
| OKX COST-USDT-SWAP | 0.0000% | 8h | 899.03 | −0.009% | $439K | $137K | 10x | as long as short |
| Gate COST_USDT | 0.0000% | 8h | 899.52 | +0.046% | $523K | $26K | 25x | as long as short |
| Bitget COSTUSDT | 0.0000% | 8h | 898.78 | −0.037% | $397K | $125K | 25x | as long as short |
| SunX COST-USDT | 0.0000% | 8h | 898.60 | −0.057% | $154 | $3.3M | 10x | as long as short |
| HTX COST-USDT | 0.0000% | 8h | 900.60 | +0.166% | $10K | $42K | 10x | as long as short |
| QFEX COST-USD | +0.0029% | 1h | 898.97 | −0.016% | $1.1M | $3.1M | 10x | as long as short |
| Injective COST/USDC PERP | +0.0033% | 1h | 891.98 | −0.793% | $2K | $28K | 12x | as long as short |
| Extended COST-USD | +0.0040% | 1h | 898.32 | −0.088% | — | — | 10x | as long as short |
Aster COSTUSDT
OKX COST-USDT-SWAP
Gate COST_USDT
Bitget COSTUSDT
SunX COST-USDT
HTX COST-USDT
QFEX COST-USD
Injective COST/USDC PERP
Extended COST-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest COST-USD-PERP | +0.0046% | 1h | 898.32 | −0.088% | — | — | 25x | as long as short |
| tradeXYZ xyz:COST | +0.0050% | 1h | 898.64 | −0.052% | $1.8M | $531K | 20x | as long as short |
| KuCoin COSTUSDTM | +0.0100% | 8h | 898.10 | −0.112% | $41K | $845K | 20x | as long as short |
| Variational Omni COST | +0.0216% | 8h | 898.91 | −0.023% | $42K | $19K | — | as long as short |
| Binance COSTUSDTshort | +0.0397% | 8h | 898.93 | −0.020% | $1.1M | $967K | 20x |
Vest COST-USD-PERP
tradeXYZ xyz:COST
KuCoin COSTUSDTM
Variational Omni COST