Funding you earn now, next payment 08:00 UTC−0.0762%/8h= −83.5% APRnext payment −$7.62 per $10,000 · paid last 24h −0.094%
Price spread now: Bybit against Binance−0.136%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bybit is 0.136% cheaper against Binance than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.62 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 | Binance DKNGUSDT | 22.100 | 0.0762 | pay 0.0762% / 8h | 5h 13m | $283K | $634K | 20x |
| Short | Bybit DKNGUSDT | 22.070 | 0 | get 0.0000% / 8h | 5h 13m | $81K | $68K | 25x |
Binance DKNGUSDT
Bybit DKNGUSDTFunding 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
- −$160.07
- Price spread: −0.136% → 0.000%
- −$13.57
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$194.64
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 63 min ago; Bybit: no order-book sample. Net counts fees only.
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, 63 min ago | 4.53 bp | 29.5 bp −$30 | 140.4 bp −$1,404 | doesn't fit | doesn't fit |
| Sell Bybit no order-book sample | — | — | — | — | — |
Bybit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
DKNG on 12 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 DKNGUSDT | 0.0000% | 8h | 22.071 | −0.130% | $1K | $11K | 20x | as long as short |
| Bybit DKNGUSDTshort | 0.0000% | 8h | 22.070 | −0.136% | $81K | $68K | 25x | |
| Gate DKNG_USDT | 0.0000% | 8h | 22.122 | +0.100% | $110K | $6K | 20x | as long as short |
| Bitget DKNGUSDT | 0.0000% | 8h | 22.074 | −0.118% | $124K | $68K | 20x | as long as short |
| SunX DKNG-USDT | 0.0000% | 8h | 22.100 | 0.000% | $977 | $693K | 10x | as long as short |
| HTX DKNG-USDT | 0.0000% | 8h | 22.090 | −0.045% | $6K | $4K | 10x | as long as short |
| Injective DKNG/USDC PERP | +0.0033% | 1h | 21.990 | −0.498% | $707 | $6K | 12x | as long as short |
| OKX DKNG-USDT-SWAP | +0.0174% | 8h | 22.110 | +0.045% | $113K | $114K | 20x | as long as short |
| KuCoin DKNGUSDTM | +0.0622% | 8h | 22.070 | −0.136% | $89K | $388K | 20x | as long as short |
| Variational Omni DKNG | +0.0673% | 8h | 22.106 | +0.026% | $78K | $51K | — | as long as short |
Aster DKNGUSDT
Gate DKNG_USDT
Bitget DKNGUSDT
SunX DKNG-USDT
HTX DKNG-USDT
Injective DKNG/USDC PERP
OKX DKNG-USDT-SWAP
KuCoin DKNGUSDTM
Variational Omni DKNGShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DKNGUSDTlong | +0.0762% | 8h | 22.100 | long leg | $283K | $634K | 20x | |
| tradeXYZ xyz:DKNG | +0.0784% | 1h | 22.118 | +0.081% | $1.8M | $2.1M | 10x | as long as short |
tradeXYZ xyz:DKNG