Funding you earn now, next payment 08:00 UTC+0.0104%/8h= +11.3% APRnext payment +$1.04 per $10,000 · paid last 24h −0.002%
Price spread now: Bybit against Binance+0.030%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$257as in the Funding arb table
Net, price: spread back to 7d avg − costs−$261as in the Price arb table
costs, in and out, $10k−$2582.582% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 2 days (all we have)+0.070%+$7 · spread now +0.030%, 7d avg +0.054%
=Funding pays, the price is against you. Bybit is 0.024% cheaper against Binance than usual: you would sell low and buy high (spread +0.030% now, against its 7-day average of +0.054%). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.012% in total) that is about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SNOWUSDT | 340.53 | 0.0135 | pay 0.0135% / 8h | 1h 06m | $744K | $752K | 25x |
| Short | Bybit SNOWUSDT | 340.63 | 0.0239 | get 0.0239% / 8h | 1h 06m | $717K | $227K | 25x |
Binance SNOWUSDT
Bybit SNOWUSDTFunding 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
- $21.75
- Price spread: +0.030% → +0.054%
- −$2.43
- Slippage, 4 orders
- −$237.22
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$238.89
- Costs to cover
- 2.582%
- Break-even
- 83.9 days
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 9 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, 10 min ago | 3.53 bp | 37.9 bp −$38 | 101.3 bp −$1,013 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 5.44 bp | 90.8 bp −$91 | 212.7 bp −$2,127 | doesn't fit | doesn't fit |
SNOW 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 SNOW/USDC PERP | −0.0220% | 1h | 336.38 | −1.218% | $7K | $98 | 12x | as long as short |
| OKX SNOW-USDT-SWAP | 0.0000% | 8h | 340.19 | −0.099% | $329K | $163K | 20x | as long as short |
| Gate SNOW_USDT | 0.0000% | 8h | 340.59 | +0.018% | $101K | $231K | 20x | as long as short |
| Bitget SNOWUSDT | 0.0000% | 8h | 340.10 | −0.126% | $316K | $161K | 20x | as long as short |
| HTX SNOW-USDT | 0.0000% | 8h | 340.66 | +0.039% | $8K | $40K | 10x | as long as short |
| Variational Omni SNOW | +0.0075% | 8h | 340.54 | +0.002% | $59K | $63K | — | as long as short |
| Binance SNOWUSDTlong | +0.0135% | 8h | 340.53 | long leg | $744K | $752K | 25x | |
| Bybit SNOWUSDTshort | +0.0239% | 8h | 340.63 | +0.030% | $717K | $227K | 25x |
Injective SNOW/USDC PERP
OKX SNOW-USDT-SWAP
Gate SNOW_USDT
Bitget SNOWUSDT
HTX SNOW-USDT
Variational Omni SNOW