Funding you earn now, next payment 08:00 UTC+0.2944%/8h= +322.4% APRnext payment +$29.44 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.285%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$224as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$1821.820% of the position
Funding, last 7 days−0.425%−$42 on $10k
+Price spread, last 4 days (all we have)−0.285%−$28 · spread now −0.285%, 7d avg +0.028%
=Funding pays, the price is against you. Bybit is 0.313% cheaper against Binance than usual: you would sell low and buy high (spread −0.285% now, against its 7-day average of +0.028%). If the spread goes back, that is −$31 on $10k: about 9 hours of funding at the current rate (+$88 a day). Mind the row above: over the last 7 days funding on this pair cost −0.425%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.425% in total (about -22.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$29.44 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 RAMUSDT | 14.030 | −0.2944 | get 0.2944% / 8h | 0m 32s | $783K | $2.0M | 20x |
| Short | Bybit RAMUSDT | 13.990 | 0 | get 0.0000% / 8h | 0m 32s | $172K | $146K | 25x |
Binance RAMUSDT
Bybit RAMUSDTFunding 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
- $618.32
- Price spread: −0.285% → +0.028%
- −$31.35
- Slippage, 4 orders
- −$160.98
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $405
- Costs to cover
- 1.820%
- Break-even
- 2.4 days
Slippage from Binance: live order book, 3 min ago; Bybit: live order book, 19 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, 3 min ago | 7.12 bp | 14.5 bp −$14 | 62.7 bp −$627 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 19 min ago | 7.12 bp | 35.8 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
RAM on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC RAM_USDT | −0.2947% | 8h | 14.040 | +0.071% | $393K | $92K | 20x | as long as short |
| Binance RAMUSDTlong | −0.2944% | 8h | 14.030 | long leg | $783K | $2.0M | 20x | |
| BloFin RAM-USDT | −0.2920% | 8h | 14.050 | +0.143% | $31K | $2K | 20x | as long as short |
| KuCoin RAMUSDTM | −0.1838% | 8h | 14.030 | 0.000% | $14K | $61K | 20x | as long as short |
| OKX RAM-USDT-SWAP | −0.1660% | 8h | 14.030 | 0.000% | $322K | $492K | 10x | as long as short |
| Bitget RAMUSDT | −0.1604% | 8h | 14.014 | −0.114% | $217K | $197K | 20x | as long as short |
| Bybit RAMUSDTshort | 0.0000% | 8h | 13.990 | −0.285% | $172K | $146K | 25x | |
| Gate RAM_USDT | 0.0000% | 8h | 14.044 | +0.100% | $24K | $4K | 20x | as long as short |
| HTX RAM-USDT | 0.0000% | 8h | 14.042 | +0.086% | $6K | $4K | 10x | as long as short |
| Phemex RAMUSDT | 0.0000% | 8h | 14.020 | −0.071% | $760K | $197K | 20x | as long as short |
MEXC RAM_USDT
BloFin RAM-USDT
KuCoin RAMUSDTM
OKX RAM-USDT-SWAP
Bitget RAMUSDT
Gate RAM_USDT
HTX RAM-USDT
Phemex RAMUSDT