Funding you earn now, next payment 00:00 UTC+0.0299%/8h= +32.8% APRnext payment +$1.50 per $10,000 · paid last 24h +0.032%
Price spread now: Bybit against Binance+0.110%7-day average +0.105% · you sell dearer than you buy
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1911.913% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.110%, 7d avg +0.105%
=The price spread sits at its 7-day average of +0.105%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.50 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 AWEUSDT | 0.06382 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $2.2M | $1.4M | 40x |
| Short | Bybit AWEUSDT | 0.06389 | 0.0399 | get 0.0200% / 4h | 2h 12m | $540K | $222K | 25x |
Binance AWEUSDT
Bybit AWEUSDTFunding 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
- $62.87
- Price spread: +0.110% → +0.105%
- $0.47
- Slippage, 4 orders
- −$170.29
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$127.94
- Costs to cover
- 1.913%
- Break-even
- 21.2 days
Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 3 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, 7 min ago | 1.56 bp | 31.2 bp −$31 | 146.3 bp −$1,463 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.91 bp | 61.8 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
AWE 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin AWE-USDT | +0.0041% | 4h | 0.06387 | +0.078% | $145K | $20K | 40x | as long as short |
| Aster AWEUSDT | +0.0100% | 4h | 0.06393 | +0.167% | $2K | $8K | 5x | as long as short |
| Binance AWEUSDTlong | +0.0100% | 4h | 0.06382 | long leg | $2.2M | $1.4M | 40x | |
| Gate AWE_USDT | +0.0100% | 8h | 0.06385 | +0.047% | $47K | $41K | 25x | as long as short |
| MEXC AWE_USDT | +0.0100% | 4h | 0.06383 | +0.016% | $1.1M | $134K | 20x | as long as short |
| KuCoin AWEUSDTM | +0.0100% | 4h | 0.06397 | +0.235% | $152K | $66K | 20x | as long as short |
| Bitget AWEUSDT | +0.0100% | 4h | 0.06393 | +0.175% | $437K | $267K | 40x | as long as short |
| Bybit AWEUSDTshort | +0.0399% | 4h | 0.06389 | +0.110% | $540K | $222K | 25x | |
| BingX AWE-USDT | +0.0515% | 4h | 0.06390 | +0.125% | — | $6.5M | — | as long as short |
BloFin AWE-USDT
Aster AWEUSDT
Gate AWE_USDT
MEXC AWE_USDT
KuCoin AWEUSDTM
Bitget AWEUSDT
BingX AWE-USDT