Funding you earn now, next payment 12:00 UTC−0.0337%/8h= −36.9% APRnext payment −$1.68 per $10,000 · paid last 24h −0.069%
Price spread now: Bybit against Binance−0.065%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$384as in the Funding arb table
Net, price: spread back to 7d avg − costs−$365as in the Price arb table
costs, in and out, $10k−$3683.683% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 7 days+0.054%+$5 · spread now −0.065%, 7d avg −0.096%
=The price spread pays, funding is against you. Bybit is 0.031% dearer against Binance than usual: you sell high and buy low (spread −0.065% now, against its 7-day average of −0.096%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.157% in total) that is about 33 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.157% in total (about -8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.68 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 4USDT | 0.02044 | 0.0437 | pay 0.0218% / 4h | 3h 50m | $8.1M | $14.3M | 20x |
| Short | Bybit 4USDT | 0.02043 | 0.0100 | get 0.0050% / 4h | 3h 50m | $2.7M | $2.1M | 5x |
Binance 4USDT
Bybit 4USDTFunding 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
- −$70.68
- Price spread: −0.065% → −0.096%
- $3.08
- Slippage, 4 orders
- −$347.34
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$435.94
- Costs to cover
- 3.683%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Bybit: live order book, 2 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, 5 min ago | 1.22 bp | 28.1 bp −$28 | 253.2 bp −$2,532 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 6.12 bp | 159.7 bp −$160 | 604.5 bp −$6,045 | doesn't fit | doesn't fit |
4 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 4USDTshort | +0.0100% | 4h | 0.02043 | −0.065% | $2.7M | $2.1M | 5x | |
| Variational Omni 4 | +0.0100% | 4h | 0.02047 | +0.126% | $49K | $12K | — | as long as short |
| SunX 4-USDT | +0.0100% | 4h | 0.02047 | +0.125% | $1K | $1.5M | 20x | as long as short |
| KuCoin 4USDTM | +0.0228% | 4h | 0.02046 | +0.077% | $911K | $12.4M | 20x | as long as short |
| Aster 4USDT | +0.0322% | 4h | 0.02045 | +0.042% | $242K | $117K | 5x | as long as short |
| BingX 4-USDT | +0.0420% | 4h | 0.02044 | −0.026% | — | $1.4M | — | as long as short |
| MEXC 4_USDT | +0.0436% | 4h | 0.02044 | −0.021% | $1.8M | $955K | 100x | as long as short |
| Binance 4USDTlong | +0.0437% | 4h | 0.02044 | long leg | $8.1M | $14.3M | 20x | |
| Gate 4_USDT | +0.0936% | 4h | 0.02046 | +0.062% | $559K | $329K | 20x | as long as short |
Variational Omni 4
SunX 4-USDT
KuCoin 4USDTM
Aster 4USDT
BingX 4-USDT
MEXC 4_USDT
Gate 4_USDT