Funding you earn now, next payment 08:00 UTC+0.0258%/8h= +28.2% APRnext payment +$2.58 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.018%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1041.044% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 2 days (all we have)+0.078%+$8 · spread now −0.018%, 7d avg +0.027%
=Funding pays, the price is against you. Binance is 0.044% cheaper against Bybit than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.027%). If the spread goes back, that is −$4 on $10k: about 14 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.017% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.58 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 | Bybit MVLLUSDT | 35.210 | −0.0258 | get 0.0258% / 8h | 7h 36m | $550K | $428K | 25x |
| Short | Binance MVLLUSDT | 35.204 | 0 | get 0.0000% / 8h | 7h 36m | $3.4M | $38.7M | 20x |
Bybit MVLLUSDT
Binance MVLLUSDTFunding 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
- $54.15
- Price spread: −0.018% → +0.027%
- −$4.45
- Slippage, 4 orders
- −$83.39
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$54.69
- Costs to cover
- 1.044%
- Break-even
- 14.1 days
Slippage from Bybit: live order book, 28 min ago; Binance: live order book, 5 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, 28 min ago | 2.87 bp | 64.5 bp −$65 | 228.8 bp −$2,288 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 2.84 bp | 12.4 bp −$12 | 41.5 bp −$415 | 158.7 bp −$15.9K | doesn't fit |
MVLL 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MVLLUSDTlong | −0.0258% | 8h | 35.210 | long leg | $550K | $428K | 25x | |
| Binance MVLLUSDTshort | 0.0000% | 8h | 35.204 | −0.018% | $3.4M | $38.7M | 20x | |
| OKX MVLL-USDT-SWAP | 0.0000% | 8h | 35.240 | +0.085% | $891K | $1.2M | 10x | as long as short |
| MEXC MVLL_USDT | 0.0000% | 8h | 35.200 | −0.028% | $5.0M | $1.3M | 20x | as long as short |
| Bitget MVLLUSDT | 0.0000% | 8h | 35.240 | +0.085% | $651K | $665K | 20x | as long as short |
| Phemex MVLLUSDT | 0.0000% | 8h | 35.260 | +0.142% | $1.8M | $1.1M | 10x | as long as short |
| Gate MVLL_USDT | +0.0007% | 8h | 35.230 | +0.057% | $521K | $1.6M | 25x | as long as short |
| KuCoin MVLLUSDTM | +0.0100% | 8h | 35.210 | 0.000% | $191K | $670K | 20x | as long as short |
| HTX MVLL-USDT | +0.0100% | 8h | 35.260 | +0.142% | $9K | $259K | 10x | as long as short |
OKX MVLL-USDT-SWAP
MEXC MVLL_USDT
Bitget MVLLUSDT
Phemex MVLLUSDT
Gate MVLL_USDT
KuCoin MVLLUSDTM
HTX MVLL-USDT