Funding you earn now, next payment 08:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.63 per $10,000 · paid last 24h −0.028%
Price spread now: Bybit against Binance−0.065%7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$216as in the Funding arb table
Net, price: spread back to 7d avg − costs−$208as in the Price arb table
costs, in and out, $10k−$2132.133% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)+0.229%+$23 · spread now −0.065%, 7d avg −0.122%
=The price spread pays, funding is against you. Bybit is 0.057% dearer against Binance than usual: you sell high and buy low (spread −0.065% now, against its 7-day average of −0.122%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.029% in total) that is about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ONDSUSDT | 7.4118 | 0.0063 | pay 0.0063% / 8h | 5h 38m | $1.5M | $1.4M | 20x |
| Short | Bybit ONDSUSDT | 7.4070 | 0 | get 0.0000% / 8h | 5h 38m | $509K | $208K | 25x |
Binance ONDSUSDT
Bybit ONDSUSDTFunding 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
- −$13.3
- Price spread: −0.065% → −0.122%
- $5.68
- Slippage, 4 orders
- −$192.33
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$220.96
- Costs to cover
- 2.133%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 16 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, 9 min ago | 2.02 bp | 26.0 bp −$26 | 86.9 bp −$869 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 16 min ago | 3.37 bp | 82.1 bp −$82 | 132.4 bp −$1,324 | doesn't fit | doesn't fit |
ONDS on 11 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 ONDSUSDT | 0.0000% | 8h | 7.4056 | −0.083% | $2K | $5K | 20x | as long as short |
| Bybit ONDSUSDTshort | 0.0000% | 8h | 7.4070 | −0.065% | $509K | $208K | 25x | |
| OKX ONDS-USDT-SWAP | 0.0000% | 8h | 7.4130 | +0.016% | $186K | $121K | 10x | as long as short |
| Gate ONDS_USDT | 0.0000% | 8h | 7.4040 | −0.105% | $369K | $215K | 20x | as long as short |
| Bitget ONDSUSDT | 0.0000% | 8h | 7.4080 | −0.051% | $897K | $435K | 20x | as long as short |
| GRVT ONDS_USDT_Perp | 0.0000% | 8h | 7.4077 | −0.055% | $3K | $153K | 10x | as long as short |
| SunX ONDS-USDT | 0.0000% | 8h | 7.4000 | −0.159% | $494 | $495K | 10x | as long as short |
| HTX ONDS-USDT | 0.0000% | 8h | 7.4200 | +0.111% | $5K | $1K | 10x | as long as short |
| Vest ONDS-USD-PERP | +0.0046% | 1h | 7.4000 | −0.159% | — | — | 5x | as long as short |
| Binance ONDSUSDTlong | +0.0063% | 8h | 7.4118 | long leg | $1.5M | $1.4M | 20x |
Aster ONDSUSDT
OKX ONDS-USDT-SWAP
Gate ONDS_USDT
Bitget ONDSUSDT
GRVT ONDS_USDT_Perp
SunX ONDS-USDT
HTX ONDS-USDT
Vest ONDS-USD-PERPShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ONDSUSDTM | +0.0100% | 8h | 7.4100 | −0.024% | $78K | $646K | 20x | as long as short |
KuCoin ONDSUSDTM