Funding you earn now, next payment 08:00 UTC−0.0363%/8h= −39.8% APRnext payment −$1.82 per $10,000 · paid last 24h +0.012%
Price spread now: Bybit against Binance−0.115%7-day average −0.193% · you buy dearer than you sell
Net, funding: paid 7d − costs−$312as in the Funding arb table
Net, price: spread back to 7d avg − costs−$294as in the Price arb table
costs, in and out, $10k−$3023.019% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 7 days+0.057%+$6 · spread now −0.115%, 7d avg −0.193%
=The price spread pays, funding is against you. Bybit is 0.078% dearer against Binance than usual: you sell high and buy low (spread −0.115% now, against its 7-day average of −0.193%): +$8 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.100% in total) that is about 5.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.82 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 ARCUSDT | 0.07849 | 0.0463 | pay 0.0232% / 4h | 1h 33m | $24.3M | $6.4M | 20x |
| Short | Bybit ARCUSDT | 0.07840 | 0.0100 | get 0.0050% / 4h | 1h 33m | $2.8M | $4.4M | 13x |
Binance ARCUSDT
Bybit ARCUSDTFunding 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
- −$76.23
- Price spread: −0.115% → −0.193%
- $7.81
- Slippage, 4 orders
- −$280.93
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$370.35
- Costs to cover
- 3.019%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; Bybit: live order book, 4 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, 8 min ago | 3.20 bp | 47.1 bp −$47 | 178.3 bp −$1,783 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.92 bp | 111.8 bp −$112 | 339.1 bp −$3,391 | doesn't fit | doesn't fit |
ARC on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter ARC | +0.0096% | 1h | 0.07843 | −0.082% | $38K | $6K | 3x | as long as short |
| Bybit ARCUSDTshort | +0.0100% | 4h | 0.07840 | −0.115% | $2.8M | $4.4M | 13x | |
| Gate ARC_USDT | +0.0100% | 4h | 0.07820 | −0.369% | $3.0M | $211K | 20x | as long as short |
| KuCoin ARCUSDTM | +0.0100% | 4h | 0.07842 | −0.093% | $1.3M | $1.6M | 20x | as long as short |
| SunX ARC-USDT | +0.0100% | 4h | 0.07834 | −0.191% | $1K | $1.4M | 20x | as long as short |
| Aster ARCUSDT | +0.0385% | 4h | 0.07833 | −0.210% | $19K | $14K | 5x | as long as short |
| Binance ARCUSDTlong | +0.0463% | 4h | 0.07849 | long leg | $24.3M | $6.4M | 20x | |
| Extended ARC-USD | +0.0464% | 1h | 0.07847 | −0.026% | $31K | $199K | 5x | as long as short |
| BloFin ARC-USDT | +0.0475% | 4h | 0.07820 | −0.369% | $1.2M | $37K | 20x | as long as short |
| BingX ARC-USDT | +0.0568% | 4h | 0.07845 | −0.051% | — | $1.7M | — | as long as short |
Lighter ARC
Gate ARC_USDT
KuCoin ARCUSDTM
SunX ARC-USDT
Aster ARCUSDT
Extended ARC-USD
BloFin ARC-USDT
BingX ARC-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARCUSD | +0.0605% | 1h | 0.07809 | −0.506% | $53K | $82K | 20x | as long as short |
| Bitget ARCUSDT | +0.0654% | 4h | 0.07829 | −0.255% | $1.7M | $478K | 10x | as long as short |
Kraken Futures PF_ARCUSD
Bitget ARCUSDT