Funding you earn now, next payment 05:00 UTC+0.0391%/8h= +42.8% APRpaid last 24h +0.120%
Price spread now: tradeXYZ against Bybit+0.213%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.201%+$20 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and tradeXYZ is 0.213% dearer against Bybit than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.201% in total (about 10.5% 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 | Bybit DKNGUSDT | 22.080 | 0 | get 0.0000% / 8h | 3h 06m | $81K | $66K | 25x |
| Short | tradeXYZ xyz:DKNG | 22.127 | 0.0391 | get 0.0049% / 1h | 6m 33s | $1.8M | $2.1M | 10x |
Bybit DKNGUSDT
tradeXYZ xyz:DKNGFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $82.02
- Price spread: +0.213% → 0.000%
- $21.29
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $74.3
- Costs to cover
- 0.290%
- Break-even
- 0.7 days
Slippage unknown: Bybit: no order-book sample; tradeXYZ: live order book, 11 min ago. 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 Bybit no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 11 min ago | 2.94 bp | 26.8 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.042% | $1K | $11K | 20x | as long as short |
| Bybit DKNGUSDTlong | 0.0000% | 8h | 22.080 | long leg | $81K | $66K | 25x | |
| Gate DKNG_USDT | 0.0000% | 8h | 22.122 | +0.190% | $110K | $7K | 20x | as long as short |
| Bitget DKNGUSDT | 0.0000% | 8h | 22.067 | −0.059% | $125K | $68K | 20x | as long as short |
| SunX DKNG-USDT | 0.0000% | 8h | 22.100 | +0.091% | $1K | $692K | 10x | as long as short |
| HTX DKNG-USDT | 0.0000% | 8h | 22.090 | +0.045% | $6K | $4K | 10x | as long as short |
| OKX DKNG-USDT-SWAP | +0.0003% | 8h | 22.080 | 0.000% | $114K | $116K | 20x | as long as short |
| Injective DKNG/USDC PERP | +0.0033% | 1h | 21.990 | −0.408% | $707 | $6K | 12x | as long as short |
| KuCoin DKNGUSDTM | +0.0187% | 8h | 22.040 | −0.181% | $89K | $386K | 20x | as long as short |
| Variational Omni DKNG | +0.0303% | 8h | 22.106 | +0.117% | $78K | $51K | — | as long as short |
Aster DKNGUSDT
Gate DKNG_USDT
Bitget DKNGUSDT
SunX DKNG-USDT
HTX DKNG-USDT
OKX DKNG-USDT-SWAP
Injective DKNG/USDC PERP
KuCoin DKNGUSDTM
Variational Omni DKNGShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DKNGUSDT | +0.0382% | 8h | 22.100 | +0.091% | $288K | $636K | 20x | as long as short |
| tradeXYZ xyz:DKNGshort | +0.0391% | 1h | 22.127 | +0.213% | $1.8M | $2.1M | 10x |
Binance DKNGUSDT