Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit+0.003%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1881.883% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 2 days (all we have)+0.026%+$3 · spread now +0.003%, 7d avg +0.026%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.024% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PYPLUSDT | 52.900 | 0 | get 0.0000% / 8h | 5h 57m | $371K | $44K | 25x |
| Short | Binance PYPLUSDT | 52.901 | 0 | get 0.0000% / 8h | 5h 57m | $283K | $196K | 20x |
Bybit PYPLUSDT
Binance PYPLUSDTFunding 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: +0.003% → +0.026%
- −$2.36
- Slippage, 4 orders
- −$167.28
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$190.64
- Costs to cover
- 1.883%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 49 min ago; Binance: live order book, 42 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, 49 min ago | 14.22 bp | 31.2 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 42 min ago | 4.74 bp | 34.5 bp −$34 | 141.5 bp −$1,415 | doesn't fit | doesn't fit |
PYPL on 8 exchanges
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 | 52.240 | −1.248% | $7K | $22K | 12x | as long as short |
| edgeX PYPLUSDC | −0.0146% | 4h | 52.834 | −0.124% | $28K | $250K | 10x | as long as short |
| Binance PYPLUSDTshort | 0.0000% | 8h | 52.901 | +0.003% | $283K | $196K | 20x | |
| Bybit PYPLUSDTlong | 0.0000% | 8h | 52.900 | long leg | $371K | $44K | 25x | |
| OKX PYPL-USDT-SWAP | 0.0000% | 8h | 53.110 | +0.397% | $117K | $43K | 20x | as long as short |
| Gate PYPL_USDT | 0.0000% | 8h | 52.860 | −0.076% | $36K | $2K | 20x | as long as short |
| Bitget PYPLUSDT | 0.0000% | 8h | 52.850 | −0.095% | $78K | $9K | 20x | as long as short |
| HTX PYPL-USDT | 0.0000% | 8h | 52.870 | −0.057% | $7K | $21K | 10x | as long as short |
Injective PYPL/USDC PERP
edgeX PYPLUSDC
OKX PYPL-USDT-SWAP
Gate PYPL_USDT
Bitget PYPLUSDT
HTX PYPL-USDT