Funding you earn now, next payment 00:00 UTC+0.0505%/8h= +55.3% APRnext payment +$5.05 per $10,000 · paid last 24h −0.009%
Price spread now: Binance against Bybit−0.293%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$462as in the Price arb table
costs, in and out, $10k−$4304.301% of the position
Funding, last 24 hours (all we have)−0.009%−$1 on $10k
+Price spread, last 12 hours (all we have)+0.407%+$41 · spread now −0.293%, 7d avg +0.029%
=Funding pays, the price is against you. Binance is 0.322% cheaper against Bybit than usual: you would sell low and buy high (spread −0.293% now, against its 7-day average of +0.029%). If the spread goes back, that is −$32 on $10k: about 2.1 days of funding at the current rate (+$15 a day).
The current funding rate is far above what this pair has been paying: over the last 24 hours it paid -0.009% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.05 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 PATHUSDT | 13.710 | 0 | get 0.0000% / 8h | 9m 29s | $57K | $123K | 25x |
| Short | Binance PATHUSDT | 13.670 | 0.0505 | get 0.0505% / 8h | 9m 29s | $66K | $195K | 20x |
Bybit PATHUSDT
Binance PATHUSDTFunding 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
- $106.14
- Price spread: −0.293% → +0.029%
- −$32.22
- Slippage, 4 orders
- −$409.12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$356.2
- Costs to cover
- 4.301%
- Break-even
- 30.5 days
Slippage from Bybit: live order book, 50 min ago; Binance: live order book, 37 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, 50 min ago | 18.20 bp | 116.7 bp −$117 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 37 min ago | 7.32 bp | 58.7 bp −$59 | 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 PATHUSDTlong | 0.0000% | 8h | 13.710 | long leg | $57K | $123K | 25x | |
| Gate PATH_USDT | 0.0000% | 8h | 13.648 | −0.452% | $6K | $10K | 20x | as long as short |
| Bitget PATHUSDT | 0.0000% | 8h | 13.648 | −0.452% | $22K | $32K | 20x | as long as short |
| SunX PATH-USDT | 0.0000% | 8h | 13.660 | −0.365% | — | $1.8M | 10x | as long as short |
| HTX PATH-USDT | 0.0000% | 8h | 13.670 | −0.292% | $2K | $280K | 20x | as long as short |
| Phemex PATHUSDT | 0.0000% | 8h | 13.670 | −0.292% | $10K | $16K | 10x | as long as short |
| Binance PATHUSDTshort | +0.0505% | 8h | 13.670 | −0.293% | $66K | $195K | 20x |
Gate PATH_USDT
Bitget PATHUSDT
SunX PATH-USDT
HTX PATH-USDT
Phemex PATHUSDT