Funding you earn now, next payment 04:00 UTC−0.0634%/8h= −69.4% APRnext payment −$3.17 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.132%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$301as in the Funding arb table
Net, price: spread back to 7d avg − costs−$305as in the Price arb table
costs, in and out, $10k−$3013.011% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.132%, 7d avg −0.090%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Binance is 0.041% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.090%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.17 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 | Bybit BBUSDT | 0.009134 | 0.0734 | pay 0.0367% / 4h | 1h 37m | $690K | $802K | 25x |
| Short | Binance BBUSDT | 0.009122 | 0.0100 | get 0.0050% / 4h | 1h 37m | $3.3M | $6.9M | 50x |
Bybit BBUSDT
Binance BBUSDTFunding 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
- −$133.15
- Price spread: −0.132% → −0.090%
- −$4.12
- Slippage, 4 orders
- −$280.11
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$438.38
- Costs to cover
- 3.011%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 22 min ago; Binance: live order book, 16 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, 22 min ago | 5.50 bp | 115.2 bp −$115 | 651.0 bp −$6,510 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 3.30 bp | 36.7 bp −$37 | 152.8 bp −$1,528 | doesn't fit | doesn't fit |
BB 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BBUSDT | +0.0100% | 4h | 0.009118 | −0.178% | $12K | $13K | 5x | as long as short |
| Binance BBUSDTshort | +0.0100% | 4h | 0.009122 | −0.132% | $3.3M | $6.9M | 50x | |
| Gate BB_USDT | +0.0100% | 4h | 0.009120 | −0.153% | $133K | $220K | 50x | as long as short |
| MEXC BB_USDT | +0.0100% | 4h | 0.009114 | −0.219% | $1.4M | $571K | 100x | as long as short |
| KuCoin BBUSDTM | +0.0100% | 4h | 0.009120 | −0.153% | $447K | $90K | 50x | as long as short |
| Bitget BBUSDT | +0.0100% | 4h | 0.009130 | −0.044% | $328K | $480K | 50x | as long as short |
| BingX BB-USDT | +0.0691% | 4h | 0.009127 | −0.077% | — | $1.3M | — | as long as short |
| Bybit BBUSDTlong | +0.0734% | 4h | 0.009134 | long leg | $690K | $802K | 25x | |
| Kraken Futures PF_BBUSD | +0.1962% | 1h | 0.009137 | +0.035% | $21K | $3K | 10x | as long as short |
Aster BBUSDT
Gate BB_USDT
MEXC BB_USDT
KuCoin BBUSDTM
Bitget BBUSDT
BingX BB-USDT
Kraken Futures PF_BBUSD