Funding you earn now, next payment 00:00 UTC+0.0311%/8h= +34.0% APRnext payment +$3.11 per $10,000 · paid last 24h +0.024%
Price spread now: Binance against Bybit−0.106%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$920.920% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 2 days (all we have)+0.051%+$5 · spread now −0.106%, 7d avg −0.073%
=Funding pays, the price is against you. Binance is 0.033% cheaper against Bybit than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of −0.073%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.059% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.11 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 UBERUSDT | 71.210 | 0 | get 0.0000% / 8h | 1h 37m | $335K | $85K | 25x |
| Short | Binance UBERUSDT | 71.135 | 0.0311 | get 0.0311% / 8h | 1h 37m | $2.3M | $636K | 20x |
Bybit UBERUSDT
Binance UBERUSDTFunding 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
- $65.26
- Price spread: −0.106% → −0.073%
- −$3.3
- Slippage, 4 orders
- −$70.97
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$30.01
- Costs to cover
- 0.920%
- Break-even
- 10.2 days
Slippage from Bybit: live order book, 37 min ago; Binance: live order book, 12 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, 37 min ago | 7.03 bp | 29.6 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 2.81 bp | 14.3 bp −$14 | 52.2 bp −$522 | doesn't fit | doesn't fit |
UBER on 12 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 UBER/USDC PERP | −0.0220% | 1h | 70.340 | −1.222% | $16K | $14K | 12x | as long as short |
| Aster UBERUSDT | 0.0000% | 8h | 71.205 | −0.007% | $93K | $11K | 20x | as long as short |
| Bybit UBERUSDTlong | 0.0000% | 8h | 71.210 | long leg | $335K | $85K | 25x | |
| Gate UBER_USDT | 0.0000% | 8h | 71.140 | −0.098% | $366K | $267K | 20x | as long as short |
| Bitget UBERUSDT | 0.0000% | 8h | 71.120 | −0.126% | $403K | $62K | 20x | as long as short |
| SunX UBER-USDT | 0.0000% | 8h | 71.110 | −0.140% | $2K | $2.1M | 10x | as long as short |
| QFEX UBER-USD | +0.0044% | 1h | 71.120 | −0.126% | $1.1M | $1.1M | 10x | as long as short |
| Variational Omni UBER | +0.0099% | 8h | 71.165 | −0.063% | $442K | $23K | — | as long as short |
| KuCoin UBERUSDTM | +0.0100% | 8h | 71.040 | −0.239% | $166K | $796K | 20x | as long as short |
| Binance UBERUSDTshort | +0.0311% | 8h | 71.135 | −0.106% | $2.3M | $636K | 20x |
Injective UBER/USDC PERP
Aster UBERUSDT
Gate UBER_USDT
Bitget UBERUSDT
SunX UBER-USDT
QFEX UBER-USD
Variational Omni UBER
KuCoin UBERUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT UBER_USDT_Perp | +0.0707% | 8h | 71.165 | −0.063% | $389 | $224K | 10x | as long as short |
| HTX UBER-USDT | +0.1471% | 8h | 71.530 | +0.449% | $48K | $34K | 20x | as long as short |
GRVT UBER_USDT_Perp
HTX UBER-USDT