Funding you earn now, next payment 16:00 UTC−0.0256%/8h= −28.1% APRnext payment −$2.56 per $10,000 · paid last 24h −0.027%
Price spread now: Binance against Bybit+0.050%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$398as in the Funding arb table
Net, price: spread back to 7d avg − costs−$421as in the Price arb table
costs, in and out, $10k−$4184.179% of the position
Funding, last 7 days+0.196%+$20 on $10k
+Price spread, last 7 days+0.085%+$8 · spread now +0.050%, 7d avg +0.076%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.026% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.076%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.196%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit FWDIUSDT | 7.9880 | −0.0023 | get 0.0023% / 8h | 7h 33m | $356K | $277K | 25x |
| Short | Binance FWDIUSDT | 7.9920 | −0.0280 | pay 0.0280% / 8h | 7h 33m | $443K | $1.5M | 10x |
Bybit FWDIUSDT
Binance FWDIUSDTFunding 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
- −$53.8
- Price spread: +0.050% → +0.076%
- −$2.6
- Slippage, 4 orders
- −$396.91
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$474.31
- Costs to cover
- 4.179%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 61 min ago; Binance: live order book, 15 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, 61 min ago | 8.10 bp | 136.9 bp −$137 | 262.4 bp −$2,624 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 1.87 bp | 57.5 bp −$58 | 327.2 bp −$3,272 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget FWDIUSDT | −0.0530% | 8h | 7.9790 | −0.113% | $424K | $139K | 5x | as long as short |
| OKX FWDI-USDT-SWAP | −0.0308% | 8h | 7.9740 | −0.175% | $315K | $232K | 10x | as long as short |
| Binance FWDIUSDTshort | −0.0280% | 8h | 7.9920 | +0.050% | $443K | $1.5M | 10x | |
| Bybit FWDIUSDTlong | −0.0023% | 8h | 7.9880 | long leg | $356K | $277K | 25x | |
| QFEX FWDI-USD | 0.0000% | 1h | 7.7000 | −3.605% | $1.1M | $355K | 10x | as long as short |
| Variational Omni FWDI | 0.0000% | 8h | 8.0042 | +0.203% | $113K | $57K | — | as long as short |
| HTX FWDI-USDT | 0.0000% | 8h | 7.9950 | +0.088% | $7K | $62K | 10x | as long as short |
Bitget FWDIUSDT
OKX FWDI-USDT-SWAP
QFEX FWDI-USD
Variational Omni FWDI
HTX FWDI-USDT