Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.24 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.084%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$420.423% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 2 days (all we have)+0.045%+$5 · spread now −0.084%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.078% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MUUUSDT | 35.810 | 0.0140 | pay 0.0140% / 8h | 7h 36m | $1.2M | $3.1M | 25x |
| Short | Binance MUUUSDT | 35.780 | 0.0117 | get 0.0117% / 8h | 7h 36m | $6.0M | $91.1M | 25x |
Bybit MUUUSDT
Binance MUUUSDTFunding 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
- −$5.03
- Price spread: −0.084% → −0.006%
- −$7.77
- Slippage, 4 orders
- −$21.33
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$55.12
- Costs to cover
- 0.423%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 6 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, 5 min ago | 2.79 bp | 11.1 bp −$11 | 58.9 bp −$589 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.40 bp | 8.4 bp −$8 | 20.7 bp −$207 | 140.4 bp −$14.0K | doesn't fit |
MUU on 9 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 MUUUSDT | 0.0000% | 8h | 35.794 | −0.045% | $11K | $43K | 20x | as long as short |
| OKX MUU-USDT-SWAP | 0.0000% | 8h | 35.760 | −0.140% | $919K | $4.3M | 20x | as long as short |
| Bitget MUUUSDT | 0.0000% | 8h | 35.777 | −0.092% | $4.6M | $4.5M | 20x | as long as short |
| HTX MUU-USDT | 0.0000% | 8h | 35.740 | −0.195% | $9K | $8K | 10x | as long as short |
| KuCoin MUUUSDTM | +0.0100% | 8h | 35.820 | +0.028% | $79K | $31K | 20x | as long as short |
| MEXC MUU_USDT | +0.0113% | 8h | 35.780 | −0.084% | $5.6M | $6.7M | 50x | as long as short |
| Binance MUUUSDTshort | +0.0117% | 8h | 35.780 | −0.084% | $6.0M | $91.1M | 25x | |
| Bybit MUUUSDTlong | +0.0140% | 8h | 35.810 | long leg | $1.2M | $3.1M | 25x | |
| Gate MUU_USDT | +0.0282% | 8h | 35.800 | −0.028% | $589K | $1.8M | 20x | as long as short |
Aster MUUUSDT
OKX MUU-USDT-SWAP
Bitget MUUUSDT
HTX MUU-USDT
KuCoin MUUUSDTM
MEXC MUU_USDT
Gate MUU_USDT