Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.013%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$1971.969% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 2 days (all we have)−0.136%−$14 · spread now −0.013%, 7d avg +0.017%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.030% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NETUSDT | 353.65 | 0 | get 0.0000% / 8h | 5h 39m | $384K | $108K | 25x |
| Short | Binance NETUSDT | 353.60 | 0 | get 0.0000% / 8h | 5h 39m | $368K | $759K | 20x |
Bybit NETUSDT
Binance NETUSDTFunding 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
- $0
- Price spread: −0.013% → +0.017%
- −$3
- Slippage, 4 orders
- −$175.9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$199.9
- Costs to cover
- 1.969%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 15 min ago; Binance: live order book, 38 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, 15 min ago | 4.24 bp | 46.7 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 38 min ago | 7.22 bp | 23.4 bp −$23 | 116.7 bp −$1,167 | doesn't fit | doesn't fit |
NET on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance NETUSDTshort | 0.0000% | 8h | 353.60 | −0.013% | $368K | $759K | 20x | |
| Bybit NETUSDTlong | 0.0000% | 8h | 353.65 | long leg | $384K | $108K | 25x | |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 353.37 | −0.079% | $177K | $101K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 353.00 | −0.184% | $40K | $6K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 353.38 | −0.076% | $184K | $569K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 352.31 | −0.379% | $9K | $344K | 20x | as long as short |
| edgeX NETUSDC | +0.0010% | 4h | 353.64 | −0.003% | $37K | $325K | 10x | as long as short |
| tradeXYZ xyz:NET | +0.0050% | 1h | 353.44 | −0.059% | $385K | $193K | 10x | as long as short |
| Paragon para:NET | +0.0060% | 1h | 352.24 | −0.399% | $175K | $37K | 10x | as long as short |
| Phoenix NET | +0.0136% | 1h | 353.61 | −0.011% | $166 | $85K | 10x | as long as short |
OKX NET-USDT-SWAP
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
edgeX NETUSDC
tradeXYZ xyz:NET
Paragon para:NET
Phoenix NET