Funding you earn now, next payment 08:00 UTC−0.0735%/8h= −80.4% APRnext payment −$7.35 per $10,000 · paid last 24h −0.100%
Price spread now: Bybit against Binance+0.127%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$960.959% of the position
Funding, last 7 days−0.163%−$16 on $10k
+Price spread, last 2 days (all we have)−0.075%−$8 · spread now +0.127%, 7d avg +0.049%
=The price spread pays, funding is against you. Bybit is 0.078% dearer against Binance than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of +0.049%): +$8 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.163% in total) that is about 3.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.163% in total (about -8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.35 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 | Binance WMTUSDT | 107.46 | 0.0735 | pay 0.0735% / 8h | 7h 12m | $1.6M | $1.0M | 20x |
| Short | Bybit WMTUSDT | 107.60 | 0 | get 0.0000% / 8h | 7h 12m | $118K | $12K | 50x |
Binance WMTUSDT
Bybit WMTUSDTFunding 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
- −$154.28
- Price spread: +0.127% → +0.049%
- $7.81
- Slippage, 4 orders
- −$74.94
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$242.41
- Costs to cover
- 0.959%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 42 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, 6 min ago | 0.93 bp | 13.7 bp −$14 | 49.1 bp −$491 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 42 min ago | 14.41 bp | 39.8 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
WMT on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX WMTUSDC | −0.0469% | 4h | 107.44 | −0.019% | $15K | $256K | 10x | as long as short |
| Aster WMTUSDT | 0.0000% | 8h | 107.36 | −0.097% | $4K | $71 | 20x | as long as short |
| Bybit WMTUSDTshort | 0.0000% | 8h | 107.60 | +0.127% | $118K | $12K | 50x | |
| Gate WMT_USDT | 0.0000% | 8h | 107.42 | −0.040% | $814K | $20K | 25x | as long as short |
| Bitget WMTUSDT | 0.0000% | 8h | 107.46 | −0.003% | $540K | $93K | 50x | as long as short |
| GRVT WMT_USDT_Perp | 0.0000% | 8h | 107.46 | −0.002% | $458 | $126K | 10x | as long as short |
| HTX WMT-USDT | 0.0000% | 8h | 107.46 | −0.003% | $5K | $348K | 20x | as long as short |
| QFEX WMT-USD | +0.0030% | 1h | 107.44 | −0.021% | $1.1M | $2.8M | 10x | as long as short |
| Injective WMT/USDC PERP | +0.0033% | 1h | 106.82 | −0.598% | $3K | $26K | 12x | as long as short |
| OKX WMT-USDT-SWAP | +0.0067% | 8h | 107.63 | +0.155% | $82K | $33K | 20x | as long as short |
edgeX WMTUSDC
Aster WMTUSDT
Gate WMT_USDT
Bitget WMTUSDT
GRVT WMT_USDT_Perp
HTX WMT-USDT
QFEX WMT-USD
Injective WMT/USDC PERP
OKX WMT-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin WMTUSDTM | +0.0100% | 8h | 107.41 | −0.049% | $33K | $784K | 20x | as long as short |
| SunX WMT-USDT | +0.0100% | 8h | 107.44 | −0.021% | $2K | $2.9M | 10x | as long as short |
| Variational Omni WMT | +0.0547% | 8h | 107.43 | −0.028% | $61K | $76K | — | as long as short |
| Binance WMTUSDTlong | +0.0735% | 8h | 107.46 | long leg | $1.6M | $1.0M | 20x | |
| Extended WMT-USD | +0.0736% | 1h | 107.44 | −0.021% | $23K | $115K | 10x | as long as short |
KuCoin WMTUSDTM
SunX WMT-USDT
Variational Omni WMT
Extended WMT-USD