Funding you earn now, next payment 16:00 UTC−0.0379%/8h= −41.5% APRnext payment −$3.79 per $10,000 · paid last 24h −0.049%
Price spread now: Bybit against Binance−0.068%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$278as in the Price arb table
costs, in and out, $10k−$2842.840% of the position
Funding, last 1 day (all we have)−0.049%−$5 on $10k
+Price spread, last 1 day (all we have)+0.126%+$13 · spread now −0.068%, 7d avg −0.132%
=The price spread pays, funding is against you. Bybit is 0.064% dearer against Binance than usual: you sell high and buy low (spread −0.068% now, against its 7-day average of −0.132%): +$6 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 1 day (−0.049% in total) that is about 42 hours.
The current funding rate is far above what this pair has been paying: over the last 1 day it paid -0.049% in total (about -13.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.79 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 HUTUSDT | 102.73 | 0.0379 | pay 0.0379% / 8h | 7h 56m | $185K | $1.7M | 20x |
| Short | Bybit HUTUSDT | 102.66 | 0 | get 0.0000% / 8h | 7h 56m | $17K | $105K | 25x |
Binance HUTUSDT
Bybit HUTUSDTFunding 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
- −$79.53
- Price spread: −0.068% → −0.132%
- $6.42
- Slippage, 4 orders
- −$262.95
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$357.07
- Costs to cover
- 2.840%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 23 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, 7 min ago | 1.96 bp | 29.8 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 23 min ago | 16.12 bp | 103.8 bp −$104 | doesn't fit | doesn't fit | doesn't fit |
HUT on 10 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 HUTUSDT | −0.0003% | 8h | 102.27 | −0.448% | $53K | $138K | 20x | as long as short |
| Bybit HUTUSDTshort | 0.0000% | 8h | 102.66 | −0.068% | $17K | $105K | 25x | |
| OKX HUT-USDT-SWAP | 0.0000% | 8h | 102.59 | −0.136% | $38K | $1.1M | 20x | as long as short |
| Gate HUT_USDT | 0.0000% | 8h | 102.29 | −0.428% | $25K | $29K | 20x | as long as short |
| SunX HUT-USDT | 0.0000% | 8h | 102.37 | −0.350% | — | $161.9M | 10x | as long as short |
| HTX HUT-USDT | 0.0000% | 8h | 102.82 | +0.088% | $1K | $349K | 20x | as long as short |
| Phemex HUTUSDT | 0.0000% | 8h | 102.46 | −0.263% | $118K | $135K | 10x | as long as short |
| QFEX HUT-USD | +0.0018% | 1h | 104.56 | +1.781% | $1.9M | $1.2M | 10x | as long as short |
| Binance HUTUSDTlong | +0.0379% | 8h | 102.73 | long leg | $185K | $1.7M | 20x | |
| BloFin HUT-USDT | +0.0396% | 8h | 102.46 | −0.263% | $46K | $29K | 20x | as long as short |
Bitget HUTUSDT
OKX HUT-USDT-SWAP
Gate HUT_USDT
SunX HUT-USDT
HTX HUT-USDT
Phemex HUTUSDT
QFEX HUT-USD
BloFin HUT-USDT