Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.038%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1481.477% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 2 days (all we have)+0.015%+$2 · spread now −0.038%, 7d avg −0.030%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PYPLUSDT | 52.680 | 0 | get 0.0000% / 8h | 3m 47s | $284K | $189K | 20x |
| Short | Bybit PYPLUSDT | 52.660 | 0 | get 0.0000% / 8h | 3m 47s | $370K | $44K | 25x |
Binance PYPLUSDT
Bybit PYPLUSDTFunding 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
- $0
- Price spread: −0.038% → −0.030%
- −$0.84
- Slippage, 4 orders
- −$126.65
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$148.5
- Costs to cover
- 1.477%
- Break-even
- never at this rate
Slippage from Binance: live order book, 43 min ago; Bybit: live order book, 1 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, 43 min ago | 1.90 bp | 18.1 bp −$18 | 109.7 bp −$1,097 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 9.49 bp | 73.9 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
PYPL on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYPL/USDC PERP | −0.0220% | 1h | 52.160 | −0.987% | $7K | $22K | 12x | as long as short |
| Binance PYPLUSDTlong | 0.0000% | 8h | 52.680 | long leg | $284K | $189K | 20x | |
| Bybit PYPLUSDTshort | 0.0000% | 8h | 52.660 | −0.038% | $370K | $44K | 25x | |
| OKX PYPL-USDT-SWAP | 0.0000% | 8h | 52.840 | +0.304% | $116K | $40K | 20x | as long as short |
| Gate PYPL_USDT | 0.0000% | 8h | 52.690 | +0.019% | $36K | $2K | 20x | as long as short |
| Bitget PYPLUSDT | 0.0000% | 8h | 52.640 | −0.076% | $78K | $10K | 20x | as long as short |
| HTX PYPL-USDT | 0.0000% | 8h | 52.700 | +0.038% | $7K | $12K | 10x | as long as short |
| edgeX PYPLUSDC | +0.0348% | 4h | 52.690 | +0.020% | $28K | $248K | 10x | as long as short |
Injective PYPL/USDC PERP
OKX PYPL-USDT-SWAP
Gate PYPL_USDT
Bitget PYPLUSDT
HTX PYPL-USDT
edgeX PYPLUSDC