Funding you earn now, next payment 04:00 UTC+0.2690%/8h= +294.5% APRpaid last 24h −0.057%
Price spread now: Bybit against Binance−0.232%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$193as in the Price arb table
costs, in and out, $10k−$1731.734% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 2 days (all we have)+0.184%+$18 · spread now −0.232%, 7d avg −0.039%
=Funding pays, the price is against you. Bybit is 0.194% cheaper against Binance than usual: you would sell low and buy high (spread −0.232% now, against its 7-day average of −0.039%). If the spread goes back, that is −$19 on $10k: about 6 hours of funding at the current rate (+$81 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.027% in total (about -1.4% a year). A funding rate is set anew for every payment. 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 | Binance CSOPSKHYNIX2LUSDT | 6.0250 | 0.4819 | pay 0.2409% / 4h | 3h 37m | $1.6M | $3.4M | 20x |
| Short | Bybit CSOPSKHYNIX2LUSDT | 6.0110 | 0.7508 | get 0.7508% / 8h | 7h 37m | $112K | $85K | 20x |
Binance CSOPSKHYNIX2LUSDT
Bybit CSOPSKHYNIX2LUSDTFunding 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
- $564.84
- Price spread: −0.232% → −0.039%
- −$19.35
- Slippage, 4 orders
- −$152.39
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $372.1
- Costs to cover
- 1.734%
- Break-even
- 2.4 days
Slippage from Binance: live order book, 13 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, 13 min ago | 2.50 bp | 15.2 bp −$15 | 74.5 bp −$745 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 17 min ago | 5.85 bp | 79.8 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
CSOPSKHYNIX2L 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX CSOPSKHYNIX2L-USDT-SWAP | +0.1595% | 8h | 6.0370 | +0.199% | $143K | $140K | 10x | as long as short |
| Gate CSOPSKHYNIX2L_USDT | +0.2594% | 4h | 6.0140 | −0.183% | $66K | $3K | 20x | as long as short |
| MEXC CSOPSKHYNIX2L_USDT | +0.4754% | 4h | 6.0150 | −0.166% | $177K | $82K | 10x | as long as short |
| BloFin CSOPSKHYNIX2L-USDT | +0.4775% | 4h | 6.0370 | +0.199% | — | $171K | 20x | as long as short |
| Binance CSOPSKHYNIX2LUSDTlong | +0.4819% | 4h | 6.0250 | long leg | $1.6M | $3.4M | 20x | |
| HTX CSOPSKHYNIX2L-USDT | +0.5894% | 4h | 6.0220 | −0.050% | $25K | $336K | 10x | as long as short |
| Bybit CSOPSKHYNIX2LUSDTshort | +0.7508% | 8h | 6.0110 | −0.232% | $112K | $85K | 20x |
OKX CSOPSKHYNIX2L-USDT-SWAP
Gate CSOPSKHYNIX2L_USDT
MEXC CSOPSKHYNIX2L_USDT
BloFin CSOPSKHYNIX2L-USDT
HTX CSOPSKHYNIX2L-USDT