Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.032%
Price spread now: Bybit against Binance+0.003%7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$438as in the Funding arb table
Net, price: spread back to 7d avg − costs−$412as in the Price arb table
costs, in and out, $10k−$4184.181% of the position
Funding, last 7 days−0.198%−$20 on $10k
+Price spread, last 2 days (all we have)−0.045%−$4 · spread now +0.003%, 7d avg −0.059%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.062% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.059%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FWDIUSDT | 8.2567 | 0 | get 0.0000% / 8h | 6h 04m | $473K | $1.8M | 10x |
| Short | Bybit FWDIUSDT | 8.2570 | 0 | get 0.0000% / 8h | 6h 04m | $361K | $357K | 25x |
Binance FWDIUSDT
Bybit FWDIUSDTFunding 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
- $0
- Price spread: +0.003% → −0.059%
- $6.23
- Slippage, 4 orders
- −$397.07
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$411.84
- Costs to cover
- 4.181%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Bybit: 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 Binance live order book, 15 min ago | 3.02 bp | 63.3 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 60 min ago | 10.21 bp | 151.5 bp −$151 | 244.4 bp −$2,444 | doesn't fit | doesn't fit |
FWDI 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance FWDIUSDTlong | 0.0000% | 8h | 8.2567 | long leg | $473K | $1.8M | 10x | |
| Bybit FWDIUSDTshort | 0.0000% | 8h | 8.2570 | +0.003% | $361K | $357K | 25x | |
| OKX FWDI-USDT-SWAP | 0.0000% | 8h | 8.2440 | −0.154% | $330K | $256K | 10x | as long as short |
| QFEX FWDI-USD | 0.0000% | 1h | 8.2500 | −0.081% | $1.1M | $444K | 10x | as long as short |
| Bitget FWDIUSDT | 0.0000% | 8h | 8.2430 | −0.166% | $438K | $215K | 5x | as long as short |
| Variational Omni FWDI | 0.0000% | 8h | 8.2506 | −0.075% | $116K | $121K | — | as long as short |
| HTX FWDI-USDT | 0.0000% | 8h | 8.2550 | −0.021% | $7K | $61K | 10x | as long as short |
OKX FWDI-USDT-SWAP
QFEX FWDI-USD
Bitget FWDIUSDT
Variational Omni FWDI
HTX FWDI-USDT