Funding you earn now, next payment 16:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.22 per $10,000 · paid last 24h −0.017%
Price spread now: Bybit against Binance−0.088%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$281as in the Funding arb table
Net, price: spread back to 7d avg − costs−$293as in the Price arb table
costs, in and out, $10k−$2802.797% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 2 days (all we have)−0.009%−$1 · spread now −0.088%, 7d avg +0.044%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.132% cheaper against Binance than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.044%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SHOPUSDT | 142.32 | 0.0022 | pay 0.0022% / 8h | 4h 51m | $384K | $1.2M | 20x |
| Short | Bybit SHOPUSDT | 142.19 | 0 | get 0.0000% / 8h | 4h 51m | $863K | $112K | 25x |
Binance SHOPUSDT
Bybit SHOPUSDTFunding 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
- −$4.53
- Price spread: −0.088% → +0.044%
- −$13.22
- Slippage, 4 orders
- −$258.72
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$297.47
- Costs to cover
- 2.797%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 51 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, 4 min ago | 7.74 bp | 16.0 bp −$16 | 84.1 bp −$841 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 51 min ago | 6.70 bp | 122.6 bp −$123 | doesn't fit | doesn't fit | doesn't fit |
SHOP 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SHOPUSDTshort | 0.0000% | 8h | 142.19 | −0.088% | $863K | $112K | 25x | |
| OKX SHOP-USDT-SWAP | 0.0000% | 8h | 142.32 | +0.003% | $120K | $381K | 20x | as long as short |
| Gate SHOP_USDT | 0.0000% | 8h | 142.02 | −0.208% | $280K | $68K | 20x | as long as short |
| Bitget SHOPUSDT | 0.0000% | 8h | 142.04 | −0.194% | $344K | $260K | 20x | as long as short |
| Binance SHOPUSDTlong | +0.0022% | 8h | 142.32 | long leg | $384K | $1.2M | 20x | |
| HTX SHOP-USDT | +0.0100% | 8h | 141.74 | −0.405% | $10K | $350K | 10x | as long as short |
| Extended SHOP-USD | +0.0120% | 1h | 142.00 | −0.222% | $270K | $6K | 10x | as long as short |
| edgeX SHOPUSDC | +0.0458% | 4h | 142.05 | −0.190% | $18K | $227K | 10x | as long as short |
OKX SHOP-USDT-SWAP
Gate SHOP_USDT
Bitget SHOPUSDT
HTX SHOP-USDT
Extended SHOP-USD
edgeX SHOPUSDC