Funding you earn now, next payment 08:00 UTC−0.0552%/8h= −60.5% APRnext payment −$5.52 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.034%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$240as in the Funding arb table
Net, price: spread back to 7d avg − costs−$224as in the Price arb table
costs, in and out, $10k−$2282.275% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 4 days (all we have)−0.131%−$13 · spread now −0.034%, 7d avg −0.066%
=The price spread pays, funding is against you. Bybit is 0.032% dearer against Binance than usual: you sell high and buy low (spread −0.034% now, against its 7-day average of −0.066%): +$3 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.121% in total) that is about 44 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.52 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 GEVUSDT | 945.02 | 0.0552 | pay 0.0552% / 8h | 23m 11s | $1.5M | $706K | 25x |
| Short | Bybit GEVUSDT | 944.70 | 0 | get 0.0000% / 8h | 23m 11s | $325K | $129K | 25x |
Binance GEVUSDT
Bybit GEVUSDTFunding 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
- −$116.02
- Price spread: −0.034% → −0.066%
- $3.17
- Slippage, 4 orders
- −$206.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$340.39
- Costs to cover
- 2.275%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 11 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, 10 min ago | 1.32 bp | 27.2 bp −$27 | 117.5 bp −$1,175 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 11 min ago | 8.08 bp | 74.1 bp −$74 | 227.5 bp −$2,275 | doesn't fit | doesn't fit |
GEV on 8 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 GEVUSDTshort | 0.0000% | 8h | 944.70 | −0.034% | $325K | $129K | 25x | |
| OKX GEV-USDT-SWAP | 0.0000% | 8h | 945.54 | +0.055% | $606K | $175K | 25x | as long as short |
| Gate GEV_USDT | 0.0000% | 8h | 947.50 | +0.262% | $296K | $18K | 20x | as long as short |
| Bitget GEVUSDT | 0.0000% | 8h | 947.77 | +0.291% | $494K | $95K | 20x | as long as short |
| HTX GEV-USDT | 0.0000% | 8h | 945.48 | +0.049% | $9K | $39K | 10x | as long as short |
| Lighter GEV | +0.0032% | 1h | 946.80 | +0.188% | $3K | $750 | 10x | as long as short |
| Binance GEVUSDTlong | +0.0552% | 8h | 945.02 | long leg | $1.5M | $706K | 25x | |
| tradeXYZ xyz:GEV | +0.0757% | 1h | 944.46 | −0.059% | $586K | $129K | 10x | as long as short |
OKX GEV-USDT-SWAP
Gate GEV_USDT
Bitget GEVUSDT
HTX GEV-USDT
Lighter GEV
tradeXYZ xyz:GEV