Funding you earn now, next payment 00:00 UTC+0.0107%/8h= +11.7% APRnext payment +$1.07 per $10,000 · paid last 24h +0.019%
Price spread now: Binance against Bybit+0.133%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1641.642% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 2 days (all we have)−0.159%−$16 · spread now +0.133%, 7d avg +0.038%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.095% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit LRCXUSDT | 303.77 | 0 | get 0.0000% / 8h | 43m 15s | $354K | $603K | 25x |
| Short | Binance LRCXUSDT | 304.17 | 0.0107 | get 0.0107% / 8h | 43m 15s | $862K | $2.8M | 20x |
Bybit LRCXUSDT
Binance LRCXUSDTFunding 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
- $22.41
- Price spread: +0.133% → +0.038%
- $9.52
- Slippage, 4 orders
- −$143.22
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$132.28
- Costs to cover
- 1.642%
- Break-even
- 48.3 days
Slippage from Bybit: live order book, 27 min ago; Binance: live order book, 7 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, 27 min ago | 9.06 bp | 29.5 bp −$29 | 183.7 bp −$1,837 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 2.47 bp | 15.1 bp −$15 | 74.3 bp −$743 | doesn't fit | doesn't fit |
LRCX 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit LRCXUSDTlong | 0.0000% | 8h | 303.77 | long leg | $354K | $603K | 25x | |
| OKX LRCX-USDT-SWAP | 0.0000% | 8h | 304.00 | +0.076% | $390K | $338K | 20x | as long as short |
| Gate LRCX_USDT | 0.0000% | 8h | 303.80 | +0.010% | $267K | $444K | 20x | as long as short |
| Bitget LRCXUSDT | 0.0000% | 8h | 303.89 | +0.040% | $311K | $210K | 20x | as long as short |
| QFEX LRCX-USD | +0.0040% | 1h | 303.98 | +0.069% | $1.1M | $2.9M | 10x | as long as short |
| Extended LRCX_24_5-USD | +0.0040% | 1h | 303.65 | −0.039% | — | — | 10x | as long as short |
| Vest LRCX-USD-PERP | +0.0046% | 1h | 303.58 | −0.063% | — | $4K | 10x | as long as short |
| BloFin LRCX-USDT | +0.0092% | 8h | 304.12 | +0.115% | $63K | $36K | 20x | as long as short |
| KuCoin LRCXUSDTM | +0.0100% | 8h | 304.02 | +0.082% | $178K | $769K | 20x | as long as short |
| HTX LRCX-USDT | +0.0100% | 8h | 303.94 | +0.056% | $9K | $349K | 10x | as long as short |
OKX LRCX-USDT-SWAP
Gate LRCX_USDT
Bitget LRCXUSDT
QFEX LRCX-USD
Extended LRCX_24_5-USD
Vest LRCX-USD-PERP
BloFin LRCX-USDT
KuCoin LRCXUSDTM
HTX LRCX-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance LRCXUSDTshort | +0.0107% | 8h | 304.17 | +0.133% | $862K | $2.8M | 20x | |
| Paragon para:LRCX | +0.0122% | 1h | 303.74 | −0.010% | $449K | $52K | 10x | as long as short |
Paragon para:LRCX