Funding you earn now, next payment 16:00 UTC−0.2950%/8h= −323.0% APRnext payment −$29.50 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit+0.215%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as 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)+0.355%+$36 · spread now +0.215%, 7d avg −0.028%
=The price spread pays, funding is against you. Binance is 0.243% dearer against Bybit than usual: you sell high and buy low (spread +0.215% now, against its 7-day average of −0.028%): +$24 on $10k if it goes back. Holding the pair costs −$88 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.425%, so the current rate has only just turned against you.
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 −$29.50 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 RAMUSDT | 13.970 | 0 | get 0.0000% / 8h | 7h 57m | $173K | $145K | 25x |
| Short | Binance RAMUSDT | 14.000 | −0.2950 | pay 0.2950% / 8h | 7h 57m | $782K | $2.0M | 20x |
Bybit RAMUSDT
Binance RAMUSDTFunding 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
- −$619.48
- Price spread: +0.215% → −0.028%
- $24.31
- Slippage, 4 orders
- −$160.98
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$777.15
- Costs to cover
- 1.820%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 22 min ago; Binance: live order book, 7 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, 22 min ago | 7.12 bp | 109.0 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 7.12 bp | 22.7 bp −$23 | 83.1 bp −$831 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin RAM-USDT | −0.2977% | 8h | 14.020 | +0.358% | $31K | $2K | 20x | as long as short |
| Binance RAMUSDTshort | −0.2950% | 8h | 14.000 | +0.215% | $782K | $2.0M | 20x | |
| MEXC RAM_USDT | −0.2943% | 8h | 14.000 | +0.215% | $392K | $89K | 20x | as long as short |
| KuCoin RAMUSDTM | −0.1823% | 8h | 13.990 | +0.143% | $14K | $66K | 20x | as long as short |
| OKX RAM-USDT-SWAP | −0.1653% | 8h | 14.000 | +0.215% | $324K | $491K | 10x | as long as short |
| Bitget RAMUSDT | −0.1613% | 8h | 13.982 | +0.086% | $218K | $193K | 20x | as long as short |
| Bybit RAMUSDTlong | 0.0000% | 8h | 13.970 | long leg | $173K | $145K | 25x | |
| Gate RAM_USDT | 0.0000% | 8h | 14.020 | +0.358% | $24K | $4K | 20x | as long as short |
| HTX RAM-USDT | 0.0000% | 8h | 14.012 | +0.301% | $6K | $4K | 10x | as long as short |
| Phemex RAMUSDT | 0.0000% | 8h | 13.990 | +0.143% | $760K | $198K | 20x | as long as short |
BloFin RAM-USDT
MEXC RAM_USDT
KuCoin RAMUSDTM
OKX RAM-USDT-SWAP
Bitget RAMUSDT
Gate RAM_USDT
HTX RAM-USDT
Phemex RAMUSDT