Funding you earn now, next payment 04:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.030%
Price spread now: Binance against Bybit−0.128%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$202as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1871.871% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.128%, 7d avg −0.043%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.085% cheaper against Bybit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.043%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HYUNDAIUSDT | 268.83 | 0.0095 | pay 0.0095% / 8h | 4h 05m | $151K | $74K | 25x |
| Short | Binance HYUNDAIUSDT | 268.49 | 0 | get 0.0000% / 4h | 5m 54s | $1.8M | $1.5M | 25x |
Bybit HYUNDAIUSDT
Binance HYUNDAIUSDTFunding 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
- −$19.85
- Price spread: −0.128% → −0.043%
- −$8.51
- Slippage, 4 orders
- −$166.1
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$215.46
- Costs to cover
- 1.871%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 34 min ago; Binance: live order book, 13 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, 34 min ago | 3.91 bp | 92.8 bp −$93 | 185.6 bp −$1,856 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.19 bp | 19.1 bp −$19 | 67.6 bp −$676 | doesn't fit | doesn't fit |
HYUNDAI on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HYUNDAIUSDT | 0.0000% | 4h | 268.15 | −0.253% | $10K | $1K | 20x | as long as short |
| Binance HYUNDAIUSDTshort | 0.0000% | 4h | 268.49 | −0.128% | $1.8M | $1.5M | 25x | |
| Gate HYUNDAI_USDT | 0.0000% | 4h | 268.80 | −0.011% | $864K | $878K | 25x | as long as short |
| Bitget HYUNDAIUSDT | 0.0000% | 4h | 268.78 | −0.019% | $828K | $626K | 20x | as long as short |
| SunX HYUNDAI-USDT | 0.0000% | 4h | 268.47 | −0.134% | $1K | $718K | 10x | as long as short |
| HTX HYUNDAI-USDT | 0.0000% | 4h | 268.85 | +0.007% | $7K | $31K | 20x | as long as short |
| Phemex HYUNDAIUSDT | 0.0000% | 8h | 268.53 | −0.112% | $2.3M | $108K | 10x | as long as short |
| Bybit HYUNDAIUSDTlong | +0.0095% | 8h | 268.83 | long leg | $151K | $74K | 25x | |
| KuCoin HYUNDAIUSDTM | +0.0100% | 4h | 268.18 | −0.242% | $348K | $1.3M | 20x | as long as short |
| OKX HYUNDAI-USDT-SWAP | +0.0123% | 8h | 268.60 | −0.086% | $136K | $129K | 25x | as long as short |
Aster HYUNDAIUSDT
Gate HYUNDAI_USDT
Bitget HYUNDAIUSDT
SunX HYUNDAI-USDT
HTX HYUNDAI-USDT
Phemex HYUNDAIUSDT
KuCoin HYUNDAIUSDTM
OKX HYUNDAI-USDT-SWAPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HYUNDAI_USDT_Perp | +0.0162% | 4h | 268.58 | −0.093% | $2K | $137K | 10x | as long as short |
| tradeXYZ xyz:HYUNDAI | +0.0635% | 1h | 268.45 | −0.141% | $957K | $1.4M | 10x | as long as short |
GRVT HYUNDAI_USDT_Perp
tradeXYZ xyz:HYUNDAI