Funding you earn now, next payment 04:00 UTC+0.0620%/8h= +67.9% APRnext payment +$3.10 per $10,000 · paid last 24h −0.112%
Price spread now: Bybit against Binance+0.285%7-day average +0.248% · you sell dearer than you buy
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1831.827% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 7 days−0.296%−$30 · spread now +0.285%, 7d avg +0.248%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Bybit is 0.038% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.248%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.094% in total (about 4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.10 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 AVAUSDT | 0.2458 | −0.1775 | get 0.0888% / 4h | 3h 56m | $3.6M | $10.5M | 25x |
| Short | Bybit AVAUSDT | 0.2465 | −0.1155 | pay 0.0578% / 4h | 3h 56m | $1.3M | $1.2M | 5x |
Binance AVAUSDT
Bybit AVAUSDTFunding 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
- $130.24
- Price spread: +0.285% → +0.248%
- $3.76
- Slippage, 4 orders
- −$161.7
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$48.71
- Costs to cover
- 1.827%
- Break-even
- 9.6 days
Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 9 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, 14 min ago | 2.02 bp | 20.5 bp −$21 | 103.1 bp −$1,031 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 2.02 bp | 69.0 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
AVA 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget AVAUSDT | −0.1942% | 4h | 0.2462 | +0.163% | $379K | $875K | 25x | as long as short |
| Aster AVAUSDT | −0.1930% | 1h | 0.2462 | +0.150% | $12K | $44K | 5x | as long as short |
| Binance AVAUSDTlong | −0.1775% | 4h | 0.2458 | long leg | $3.6M | $10.5M | 25x | |
| MEXC AVA_USDT | −0.1774% | 4h | 0.2461 | +0.123% | $384K | $177K | 50x | as long as short |
| Variational Omni AVA | −0.1755% | 4h | 0.2469 | +0.455% | $8K | $9K | — | as long as short |
| Gate AVA_USDT | −0.1306% | 4h | 0.2467 | +0.367% | $271K | $202K | 20x | as long as short |
| KuCoin AVAUSDTM | −0.1266% | 4h | 0.2460 | +0.082% | $730K | $88K | 30x | as long as short |
| Bybit AVAUSDTshort | −0.1155% | 4h | 0.2465 | +0.285% | $1.3M | $1.2M | 5x | |
| BingX AVA-USDT | −0.0198% | 4h | 0.2464 | +0.245% | — | $1.5M | — | as long as short |
Bitget AVAUSDT
Aster AVAUSDT
MEXC AVA_USDT
Variational Omni AVA
Gate AVA_USDT
KuCoin AVAUSDTM
BingX AVA-USDT