Funding you earn now, next payment 08:00 UTC−0.0152%/8h= −16.6% APRnext payment −$1.52 per $10,000 · paid last 24h −0.014%
Price spread now: Binance against Bybit−0.110%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1631.631% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 7 days−0.040%−$4 · spread now −0.110%, 7d avg −0.059%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Binance is 0.051% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.059%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BICOUSDT | 0.02267 | 0.0252 | pay 0.0252% / 8h | 7h 32m | $2.5M | $3.7M | 20x |
| Short | Binance BICOUSDT | 0.02264 | 0.0100 | get 0.0100% / 8h | 7h 32m | $4.1M | $8.4M | 20x |
Bybit BICOUSDT
Binance BICOUSDTFunding 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
- −$31.83
- Price spread: −0.110% → −0.059%
- −$5.13
- Slippage, 4 orders
- −$142.09
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$200.06
- Costs to cover
- 1.631%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 6 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, 5 min ago | 5.52 bp | 66.3 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 2.21 bp | 17.1 bp −$17 | 84.0 bp −$840 | 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 | 0.02264 | −0.110% | $94K | $19K | 5x | as long as short |
| Binance BICOUSDTshort | +0.0100% | 8h | 0.02264 | −0.110% | $4.1M | $8.4M | 20x | |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02263 | −0.154% | $1.9M | $5.2M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02263 | −0.154% | $1.8M | $1.0M | 50x | as long as short |
| KuCoin BICOUSDTM | +0.0100% | 8h | 0.02267 | +0.022% | $1.1M | $1.3M | 20x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02264 | −0.110% | $646K | $458K | 10x | as long as short |
| Variational Omni BICO | +0.0127% | 8h | 0.02266 | −0.031% | $16K | $5K | — | as long as short |
| BingX BICO-USDT | +0.0196% | 8h | 0.02264 | −0.110% | — | $1.7M | — | as long as short |
| Bybit BICOUSDTlong | +0.0252% | 8h | 0.02267 | long leg | $2.5M | $3.7M | 20x | |
| Gate BICO_USDT | +0.0426% | 8h | 0.02262 | −0.199% | $405K | $300K | 20x | as long as short |
Aster BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
KuCoin BICOUSDTM
Bitget BICOUSDT
Variational Omni BICO
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 | +0.3472% | 1h | 0.02280 | +0.591% | $39K | $52K | 20x | as long as short |
Kraken Futures PF_BICOUSD