Funding you earn now, next payment 04:00 UTC+0.0155%/8h= +17.0% APRnext payment +$0.78 per $10,000 · paid last 24h +0.010%
Price spread now: Binance against Bybit−0.095%7-day average +0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$306as in the Funding arb table
Net, price: spread back to 7d avg − costs−$359as in the Price arb table
costs, in and out, $10k−$3393.392% of the position
Funding, last 7 days+0.334%+$33 on $10k
+Price spread, last 7 days+0.277%+$28 · spread now −0.095%, 7d avg +0.100%
=Funding pays, the price is against you. Binance is 0.195% cheaper against Bybit than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of +0.100%). If the spread goes back, that is −$20 on $10k: about 4.2 days of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ARXUSDT | 0.2111 | 0.0191 | pay 0.0096% / 4h | 23m 37s | $4.3M | $2.4M | 20x |
| Short | Binance ARXUSDT | 0.2109 | 0.0346 | get 0.0173% / 4h | 23m 37s | $5.7M | $11.6M | 20x |
Bybit ARXUSDT
Binance ARXUSDTFunding 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
- $32.59
- Price spread: −0.095% → +0.100%
- −$19.5
- Slippage, 4 orders
- −$318.2
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$326.12
- Costs to cover
- 3.392%
- Break-even
- 77.1 days
Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 1 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, 4 min ago | 4.76 bp | 135.0 bp −$135 | 3053.3 bp −$30.5K | 76120.1 bp −$7.61M | doesn't fit |
| Sell Binance live order book, 1 min ago | 2.38 bp | 36.7 bp −$37 | 243.4 bp −$2,434 | doesn't fit | doesn't fit |
ARX on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ARX-USDT | +0.0054% | 4h | 0.2104 | −0.332% | $246K | $44K | 20x | as long as short |
| Gate ARX_USDT | +0.0100% | 4h | 0.2119 | +0.379% | $1.1M | $438K | 20x | as long as short |
| KuCoin ARXUSDTM | +0.0100% | 4h | 0.2107 | −0.189% | $737K | $815K | 20x | as long as short |
| Bitget ARXUSDT | +0.0100% | 4h | 0.2111 | −0.005% | $2.0M | $1.8M | 20x | as long as short |
| OKX ARX-USDT-SWAP | +0.0114% | 4h | 0.2110 | −0.047% | $748K | $3.3M | 20x | as long as short |
| Bybit ARXUSDTlong | +0.0191% | 4h | 0.2111 | long leg | $4.3M | $2.4M | 20x | |
| MEXC ARX_USDT | +0.0346% | 4h | 0.2109 | −0.095% | $915K | $434K | 20x | as long as short |
| Binance ARXUSDTshort | +0.0346% | 4h | 0.2109 | −0.095% | $5.7M | $11.6M | 20x | |
| BingX ARX-USDT | +0.0374% | 4h | 0.2110 | −0.047% | — | $1.7M | — | as long as short |
| Aster ARXUSDT | +0.0591% | 4h | 0.2101 | −0.487% | $80K | $96K | 10x | as long as short |
BloFin ARX-USDT
Gate ARX_USDT
KuCoin ARXUSDTM
Bitget ARXUSDT
OKX ARX-USDT-SWAP
MEXC ARX_USDT
BingX ARX-USDT
Aster ARXUSDT