Funding you earn now, next payment 04:00 UTC−0.0563%/8h= −61.6% APRpaid last 24h −0.081%
Price spread now: Bybit against Binance+0.347%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$270as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$2232.232% of the position
Funding, last 7 days−0.468%−$47 on $10k
+Price spread, last 4 days (all we have)−0.475%−$47 · spread now +0.347%, 7d avg +0.029%
=The price spread pays, funding is against you. Bybit is 0.318% dearer against Binance than usual: you sell high and buy low (spread +0.347% now, against its 7-day average of +0.029%): +$32 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 7 days (−0.468% in total) that is about 4.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance KUAISHOUUSDT | 4.0759 | 0.0563 | pay 0.0281% / 4h | 1h 04m | $2.1M | $510K | 20x |
| Short | Bybit KUAISHOUUSDT | 4.0900 | 0 | get 0.0000% / 8h | 5h 04m | $156K | $20K | 25x |
Binance KUAISHOUUSDT
Bybit KUAISHOUUSDTFunding 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
- −$118.16
- Price spread: +0.347% → +0.029%
- $31.82
- Slippage, 4 orders
- −$202.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$309.49
- Costs to cover
- 2.232%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 40 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 | 1.23 bp | 29.0 bp −$29 | 156.1 bp −$1,561 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 40 min ago | 12.39 bp | 95.3 bp −$95 | doesn't fit | doesn't fit | doesn't fit |
KUAISHOU 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 KUAISHOUUSDTshort | 0.0000% | 8h | 4.0900 | +0.347% | $156K | $20K | 25x | |
| Gate KUAISHOU_USDT | 0.0000% | 8h | 4.0790 | +0.077% | $473K | $24K | 25x | as long as short |
| Bitget KUAISHOUUSDT | 0.0000% | 8h | 4.0820 | +0.151% | $412K | $132K | 5x | as long as short |
| HTX KUAISHOU-USDT | 0.0000% | 4h | 4.1100 | +0.838% | $11K | $2K | 10x | as long as short |
| Aster KUAISHOUUSDT | +0.0025% | 8h | 4.1174 | +1.019% | $43K | $3K | 20x | as long as short |
| KuCoin KUAISHOUUSDTM | +0.0100% | 4h | 4.0770 | +0.028% | $19K | $1.8M | 20x | as long as short |
| Binance KUAISHOUUSDTlong | +0.0563% | 4h | 4.0759 | long leg | $2.1M | $510K | 20x | |
| edgeX KUAISHOUUSDC | +0.1118% | 4h | 4.0831 | +0.177% | $14K | $187K | 10x | as long as short |
Gate KUAISHOU_USDT
Bitget KUAISHOUUSDT
HTX KUAISHOU-USDT
Aster KUAISHOUUSDT
KuCoin KUAISHOUUSDTM
edgeX KUAISHOUUSDC