Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.036%
Price spread now: Binance against Bybit+0.009%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1401.402% of the position
Funding, last 7 days+0.468%+$47 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.009%, 7d avg +0.033%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.023% 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 +0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TENCENTUSDT | 58.420 | 0 | get 0.0000% / 8h | 3h 29m | $245K | $254K | 25x |
| Short | Binance TENCENTUSDT | 58.425 | 0 | get 0.0000% / 4h | 3h 29m | $2.8M | $4.5M | 25x |
Bybit TENCENTUSDT
Binance TENCENTUSDTFunding 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: +0.009% → +0.033%
- −$2.33
- Slippage, 4 orders
- −$119.15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$142.48
- Costs to cover
- 1.402%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 15 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, 15 min ago | 15.41 bp | 67.4 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 3.42 bp | 11.7 bp −$12 | 45.4 bp −$454 | doesn't fit | doesn't fit |
TENCENT on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TENCENTUSDT | 0.0000% | 8h | 58.565 | +0.248% | $46K | $11K | 20x | as long as short |
| Binance TENCENTUSDTshort | 0.0000% | 4h | 58.425 | +0.009% | $2.8M | $4.5M | 25x | |
| Bybit TENCENTUSDTlong | 0.0000% | 8h | 58.420 | long leg | $245K | $254K | 25x | |
| Gate TENCENT_USDT | 0.0000% | 8h | 58.410 | −0.017% | $1.7M | $635K | 25x | as long as short |
| Bitget TENCENTUSDT | 0.0000% | 8h | 58.380 | −0.068% | $1.2M | $2.9M | 20x | as long as short |
| HTX TENCENT-USDT | 0.0000% | 4h | 58.490 | +0.120% | $10K | $42K | 10x | as long as short |
| Lighter TENCENT | +0.0032% | 1h | 58.800 | +0.650% | $68K | $4K | 10x | as long as short |
| KuCoin TENCENTUSDTM | +0.0100% | 4h | 58.360 | −0.103% | $125K | $686K | 20x | as long as short |
| edgeX TENCENTUSDC | +0.0700% | 4h | 58.415 | −0.009% | $121K | $212K | 10x | as long as short |
Aster TENCENTUSDT
Gate TENCENT_USDT
Bitget TENCENTUSDT
HTX TENCENT-USDT
Lighter TENCENT
KuCoin TENCENTUSDTM
edgeX TENCENTUSDC