Funding you earn now, next payment 08:00 UTC−0.0521%/8h= −57.1% APRnext payment −$5.21 per $10,000 · paid last 24h −0.044%
Price spread now: Bybit against Binance+0.358%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$342as in the Price arb table
costs, in and out, $10k−$3793.792% of the position
Funding, last 1 day (all we have)−0.044%−$4 on $10k
+Price spread, last 18 hours (all we have)−0.432%−$43 · spread now +0.358%, 7d avg −0.019%
=The price spread pays, funding is against you. Bybit is 0.377% dearer against Binance than usual: you sell high and buy low (spread +0.358% now, against its 7-day average of −0.019%): +$38 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 1 day (−0.044% in total) that is about 8.7 days.
The current funding rate is far above what this pair has been paying: over the last 1 day it paid -0.044% in total (about -15.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.21 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 | Binance PATHUSDT | 13.691 | 0.0521 | pay 0.0521% / 8h | 7h 46m | $66K | $179K | 20x |
| Short | Bybit PATHUSDT | 13.740 | 0 | get 0.0000% / 8h | 7h 46m | $59K | $124K | 25x |
Binance PATHUSDT
Bybit PATHUSDTFunding 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
- −$109.43
- Price spread: +0.358% → −0.019%
- $37.7
- Slippage, 4 orders
- −$358.23
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$450.96
- Costs to cover
- 3.792%
- Break-even
- never at this rate
Slippage from Binance: live order book, 60 min ago; Bybit: live order book, 8 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, 60 min ago | 7.32 bp | 56.8 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 8 min ago | 43.67 bp | 161.8 bp −$162 | doesn't fit | doesn't fit | doesn't fit |
PATH on 7 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 PATHUSDTshort | 0.0000% | 8h | 13.740 | +0.358% | $59K | $124K | 25x | |
| Gate PATH_USDT | 0.0000% | 8h | 13.658 | −0.241% | $6K | $9K | 20x | as long as short |
| Bitget PATHUSDT | 0.0000% | 8h | 13.649 | −0.307% | $22K | $32K | 20x | as long as short |
| SunX PATH-USDT | 0.0000% | 8h | 13.690 | −0.007% | — | $1.8M | 10x | as long as short |
| HTX PATH-USDT | 0.0000% | 8h | 13.700 | +0.066% | $2K | $279K | 20x | as long as short |
| Phemex PATHUSDT | 0.0000% | 8h | 13.690 | −0.007% | $10K | $15K | 10x | as long as short |
| Binance PATHUSDTlong | +0.0521% | 8h | 13.691 | long leg | $66K | $179K | 20x |
Gate PATH_USDT
Bitget PATHUSDT
SunX PATH-USDT
HTX PATH-USDT
Phemex PATHUSDT