Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.115%
Price spread now: Binance against Bybit+0.089%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$293as in the Funding arb table
Net, price: spread back to 7d avg − costs−$300as in the Price arb table
costs, in and out, $10k−$3063.063% of the position
Funding, last 7 days+0.136%+$14 on $10k
+Price spread, last 2 days (all we have)−0.101%−$10 · spread now +0.089%, 7d avg +0.029%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Binance is 0.060% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit FLEXUSDT | 112.25 | 0 | get 0.0000% / 8h | 4h 01m | $127K | $248K | 25x |
| Short | Binance FLEXUSDT | 112.35 | 0.0012 | get 0.0012% / 8h | 4h 01m | $306K | $192K | 25x |
Bybit FLEXUSDT
Binance FLEXUSDTFunding 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
- $2.46
- Price spread: +0.089% → +0.029%
- $5.98
- Slippage, 4 orders
- −$285.27
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$297.84
- Costs to cover
- 3.063%
- Break-even
- 854.1 days
Slippage from Bybit: live order book, 44 min ago; Binance: live order book, 60 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, 44 min ago | 12.48 bp | 114.6 bp −$115 | 234.7 bp −$2,347 | doesn't fit | doesn't fit |
| Sell Binance live order book, 60 min ago | 8.01 bp | 51.6 bp −$52 | 262.9 bp −$2,629 | doesn't fit | doesn't fit |
FLEX on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit FLEXUSDTlong | 0.0000% | 8h | 112.25 | long leg | $127K | $248K | 25x | |
| Gate FLEX_USDT | 0.0000% | 8h | 112.39 | +0.125% | $186K | $128K | 20x | as long as short |
| Bitget FLEXUSDT | 0.0000% | 8h | 112.22 | −0.027% | $89K | $12K | 20x | as long as short |
| Binance FLEXUSDTshort | +0.0012% | 8h | 112.35 | +0.089% | $306K | $192K | 25x | |
| QFEX FLEX-USD | +0.0080% | 1h | 112.31 | +0.053% | $1.1M | $2.5M | 10x | as long as short |
| HTX FLEX-USDT | +0.0100% | 8h | 112.24 | −0.009% | $4K | $12K | 10x | as long as short |
Gate FLEX_USDT
Bitget FLEXUSDT
QFEX FLEX-USD
HTX FLEX-USDT