Funding you earn now, next payment 16:00 UTC+0.0635%/8h= +69.6% APRnext payment +$6.35 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit+0.140%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$227as in the Funding arb table
Net, price: spread back to 7d avg − costs−$237as in the Price arb table
costs, in and out, $10k−$2452.452% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 2 days (all we have)−0.174%−$17 · spread now +0.140%, 7d avg +0.056%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Binance is 0.085% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.056%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.181% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.35 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 TERUSDT | 377.45 | −0.0635 | get 0.0635% / 8h | 7h 53m | $251K | $128K | 25x |
| Short | Binance TERUSDT | 377.98 | 0 | get 0.0000% / 8h | 7h 53m | $520K | $1.0M | 25x |
Bybit TERUSDT
Binance TERUSDTFunding 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
- $133.45
- Price spread: +0.140% → +0.056%
- $8.47
- Slippage, 4 orders
- −$224.18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$103.26
- Costs to cover
- 2.452%
- Break-even
- 12.4 days
Slippage from Bybit: live order book, 26 min ago; Binance: 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 Bybit live order book, 26 min ago | 17.62 bp | 63.8 bp −$64 | 213.7 bp −$2,137 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 6.21 bp | 39.1 bp −$39 | 123.5 bp −$1,235 | doesn't fit | doesn't fit |
TER 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:TER | −1.3236% | 1h | 378.54 | +0.289% | $121K | $55K | 10x | as long as short |
| Bybit TERUSDTlong | −0.0635% | 8h | 377.45 | long leg | $251K | $128K | 25x | |
| Bitget TERUSDT | −0.0215% | 8h | 377.61 | +0.042% | $240K | $156K | 20x | as long as short |
| Binance TERUSDTshort | 0.0000% | 8h | 377.98 | +0.140% | $520K | $1.0M | 25x | |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 377.58 | +0.034% | $204K | $179K | 20x | as long as short |
| Gate TER_USDT | 0.0000% | 8h | 378.20 | +0.199% | $296K | $193K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 378.64 | +0.316% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 379.95 | +0.664% | $36K | $4K | 10x | as long as short |
| KuCoin TERUSDTM | +0.0100% | 8h | 378.25 | +0.212% | $229K | $118K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 377.79 | +0.090% | $3K | $39K | 10x | as long as short |
Paragon para:TER
Bitget TERUSDT
OKX TER-USDT-SWAP
Gate TER_USDT
Variational Omni TER
Extended TER_24_5-USD
KuCoin TERUSDTM
HTX TER-USDT