Funding you earn now, next payment 08:00 UTC+0.0804%/8h= +88.0% APRnext payment +$8.04 per $10,000 · paid last 24h +0.014%
Price spread now: Bybit against Binance+0.141%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1431.429% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 7 days−0.022%−$2 · spread now +0.141%, 7d avg +0.058%
=Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Bybit is 0.083% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.058%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.008% in total (about 0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.04 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 BICOUSDT | 0.02272 | 0.0100 | pay 0.0100% / 8h | 6h 22m | $4.1M | $8.5M | 20x |
| Short | Bybit BICOUSDT | 0.02275 | 0.0904 | get 0.0904% / 8h | 6h 22m | $2.5M | $3.7M | 20x |
Binance BICOUSDT
Bybit BICOUSDTFunding 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
- $168.82
- Price spread: +0.141% → +0.058%
- $8.31
- Slippage, 4 orders
- −$121.89
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $34.25
- Costs to cover
- 1.429%
- Break-even
- 5.6 days
Slippage from Binance: live order book, 2 min ago; Bybit: live order book, 5 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, 2 min ago | 2.21 bp | 18.7 bp −$19 | 106.5 bp −$1,065 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.08 bp | 27.8 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
BICO on 11 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 BICOUSDT | +0.0100% | 8h | 0.02272 | −0.016% | $94K | $19K | 5x | as long as short |
| Binance BICOUSDTlong | +0.0100% | 8h | 0.02272 | long leg | $4.1M | $8.5M | 20x | |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02273 | +0.044% | $1.9M | $5.2M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02272 | 0.000% | $1.7M | $1.0M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02274 | +0.088% | $655K | $488K | 10x | as long as short |
| Variational Omni BICO | +0.0339% | 8h | 0.02276 | +0.160% | $14K | $8K | — | as long as short |
| KuCoin BICOUSDTM | +0.0343% | 8h | 0.02276 | +0.176% | $1.1M | $1.3M | 20x | as long as short |
| BingX BICO-USDT | +0.0881% | 8h | 0.02274 | +0.088% | — | $1.7M | — | as long as short |
| Bybit BICOUSDTshort | +0.0904% | 8h | 0.02275 | +0.141% | $2.5M | $3.7M | 20x | |
| Gate BICO_USDT | +0.1160% | 8h | 0.02274 | +0.088% | $408K | $314K | 20x | as long as short |
Aster BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
Bitget BICOUSDT
Variational Omni BICO
KuCoin BICOUSDTM
BingX BICO-USDT
Gate BICO_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.6330% | 1h | 0.02288 | +0.699% | $39K | $52K | 20x | as long as short |
Kraken Futures PF_BICOUSD