Funding you earn now, next payment 00:00 UTC−0.0316%/8h= −34.6% APRnext payment −$3.16 per $10,000 · paid last 24h −0.022%
Price spread now: Bybit against Binance−0.031%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$211as in the Funding arb table
Net, price: spread back to 7d avg − costs−$193as in the Price arb table
costs, in and out, $10k−$1861.856% of the position
Funding, last 7 days−0.259%−$26 on $10k
+Price spread, last 2 days (all we have)+0.100%+$10 · spread now −0.031%, 7d avg +0.044%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.075% cheaper against Binance than usual: you would sell low and buy high (−$7 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 VRTUSDT | 252.77 | 0.0316 | pay 0.0316% / 8h | 7m 11s | $1.1M | $1.0M | 25x |
| Short | Bybit VRTUSDT | 252.69 | 0 | get 0.0000% / 8h | 7m 11s | $450K | $136K | 25x |
Binance VRTUSDT
Bybit VRTUSDTFunding 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
- −$66.29
- Price spread: −0.031% → +0.044%
- −$7.48
- Slippage, 4 orders
- −$164.57
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$259.34
- Costs to cover
- 1.856%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 63 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 | 1.38 bp | 16.9 bp −$17 | 62.0 bp −$620 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 63 min ago | 12.50 bp | 67.9 bp −$68 | 210.9 bp −$2,109 | doesn't fit | doesn't fit |
VRT 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit VRTUSDTshort | 0.0000% | 8h | 252.69 | −0.031% | $450K | $136K | 25x | |
| Gate VRT_USDT | 0.0000% | 8h | 252.50 | −0.106% | $139K | $20K | 20x | as long as short |
| Bitget VRTUSDT | 0.0000% | 8h | 252.69 | −0.031% | $472K | $161K | 20x | as long as short |
| SunX VRT-USDT | 0.0000% | 8h | 252.49 | −0.110% | $959 | $536K | 10x | as long as short |
| HTX VRT-USDT | 0.0000% | 8h | 252.68 | −0.035% | $9K | $41K | 10x | as long as short |
| Injective VRT/USDC PERP | +0.0033% | 1h | 249.42 | −1.325% | $9K | $50 | 12x | as long as short |
| OKX VRT-USDT-SWAP | +0.0163% | 8h | 252.83 | +0.024% | $254K | $155K | 20x | as long as short |
| KuCoin VRTUSDTM | +0.0171% | 8h | 252.33 | −0.173% | $107K | $35K | 20x | as long as short |
| Binance VRTUSDTlong | +0.0316% | 8h | 252.77 | long leg | $1.1M | $1.0M | 25x |
Gate VRT_USDT
Bitget VRTUSDT
SunX VRT-USDT
HTX VRT-USDT
Injective VRT/USDC PERP
OKX VRT-USDT-SWAP
KuCoin VRTUSDTM