Funding you earn now, next payment 12:00 UTC−0.0514%/8h= −56.2% APRnext payment −$2.57 per $10,000 · paid last 24h −0.109%
Price spread now: Bybit against Binance−0.041%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$258as in the Funding arb table
Net, price: spread back to 7d avg − costs−$223as in the Price arb table
costs, in and out, $10k−$2302.300% of the position
Funding, last 7 days−0.283%−$28 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.041%, 7d avg −0.111%
=The price spread pays, funding is against you. Bybit is 0.070% dearer against Binance than usual: you sell high and buy low (spread −0.041% now, against its 7-day average of −0.111%): +$7 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.283% in total) that is about 42 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.283% in total (about -14.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.57 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 ACUUSDT | 0.1215 | 0.0614 | pay 0.0307% / 4h | 2h 55m | $2.6M | $1.8M | 10x |
| Short | Bybit ACUUSDT | 0.1214 | 0.0100 | get 0.0050% / 4h | 2h 55m | $855K | $689K | 13x |
Binance ACUUSDT
Bybit ACUUSDTFunding 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
- −$107.86
- Price spread: −0.041% → −0.111%
- $7.03
- Slippage, 4 orders
- −$209.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$330.85
- Costs to cover
- 2.300%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 34 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, 9 min ago | 2.46 bp | 50.7 bp −$51 | 466.8 bp −$4,668 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 34 min ago | 4.13 bp | 64.6 bp −$65 | 851.2 bp −$8,512 | doesn't fit | doesn't fit |
ACU on 11 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 ACUUSDTshort | +0.0100% | 4h | 0.1214 | −0.041% | $855K | $689K | 13x | |
| OKX ACU-USDT-SWAP | +0.0100% | 4h | 0.1213 | −0.115% | $220K | $315K | 10x | as long as short |
| Gate ACU_USDT | +0.0100% | 4h | 0.1215 | +0.033% | $174K | $23K | 10x | as long as short |
| KuCoin ACUUSDTM | +0.0100% | 4h | 0.1211 | −0.321% | $560K | $30K | 10x | as long as short |
| SunX ACU-USDT | +0.0100% | 4h | 0.1215 | +0.041% | $2K | $1.5M | 20x | as long as short |
| Bitget ACUUSDT | +0.0172% | 4h | 0.1218 | +0.263% | $236K | $258K | 10x | as long as short |
| Aster ACUUSDT | +0.0379% | 4h | 0.1215 | +0.014% | $2K | $5K | 5x | as long as short |
| BloFin ACU-USDT | +0.0590% | 4h | 0.1217 | +0.231% | $116K | $61K | 10x | as long as short |
| BingX ACU-USDT | +0.0602% | 4h | 0.1214 | −0.041% | — | $1.3M | — | as long as short |
| MEXC ACU_USDT | +0.0612% | 4h | 0.1214 | −0.033% | $14.0M | $372K | 50x | as long as short |
OKX ACU-USDT-SWAP
Gate ACU_USDT
KuCoin ACUUSDTM
SunX ACU-USDT
Bitget ACUUSDT
Aster ACUUSDT
BloFin ACU-USDT
BingX ACU-USDT
MEXC ACU_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ACUUSDTlong | +0.0614% | 4h | 0.1215 | long leg | $2.6M | $1.8M | 10x |