Funding you earn now, next payment 08:00 UTC+0.0511%/8h= +56.0% APRnext payment +$5.11 per $10,000 · paid last 24h +0.055%
Price spread now: Binance against Bybit−0.049%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1701.700% of the position
Funding, last 7 days+0.293%+$29 on $10k
+Price spread, last 4 days (all we have)−0.183%−$18 · spread now −0.049%, 7d avg −0.025%
=Funding pays, the price is against you. Binance is 0.024% cheaper against Bybit than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of −0.025%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.293% in total) that is about 14 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.293% in total (about 15.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.11 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 VRTUSDT | 252.70 | 0.0317 | pay 0.0317% / 8h | 3h 59m | $452K | $122K | 25x |
| Short | Binance VRTUSDT | 252.58 | 0.0828 | get 0.0828% / 8h | 3h 59m | $1.1M | $1.0M | 25x |
Bybit VRTUSDT
Binance VRTUSDTFunding 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
- $107.33
- Price spread: −0.049% → −0.025%
- −$2.4
- Slippage, 4 orders
- −$149.03
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$65.1
- Costs to cover
- 1.700%
- Break-even
- 11.2 days
Slippage from Bybit: live order book, 50 min ago; Binance: live order book, 3 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, 50 min ago | 9.49 bp | 86.1 bp −$86 | 223.0 bp −$2,230 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.38 bp | 24.9 bp −$25 | 74.0 bp −$740 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate VRT_USDT | 0.0000% | 8h | 253.00 | +0.119% | $141K | $18K | 20x | as long as short |
| Bitget VRTUSDT | 0.0000% | 8h | 252.64 | −0.024% | $481K | $150K | 20x | as long as short |
| SunX VRT-USDT | 0.0000% | 8h | 252.88 | +0.071% | $1K | $476K | 10x | as long as short |
| HTX VRT-USDT | 0.0000% | 8h | 252.22 | −0.190% | $8K | $42K | 10x | as long as short |
| Injective VRT/USDC PERP | +0.0033% | 1h | 249.42 | −1.298% | $9K | $50 | 12x | as long as short |
| Bybit VRTUSDTlong | +0.0317% | 8h | 252.70 | long leg | $452K | $122K | 25x | |
| OKX VRT-USDT-SWAP | +0.0356% | 8h | 252.60 | −0.040% | $267K | $159K | 20x | as long as short |
| KuCoin VRTUSDTM | +0.0530% | 8h | 252.48 | −0.087% | $107K | $22K | 20x | as long as short |
| Binance VRTUSDTshort | +0.0828% | 8h | 252.58 | −0.049% | $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