Funding you earn now, next payment 04:00 UTC+0.0074%/8h= +8.2% APRnext payment +$0.37 per $10,000 · paid last 24h +0.253%
Price spread now: Binance against Bybit+0.015%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$1931.926% of the position
Funding, last 7 days+0.704%+$70 on $10k
+Price spread, last 7 days+0.070%+$7 · spread now +0.015%, 7d avg +0.085%
=Funding pays, the price is against you. Binance is 0.070% cheaper against Bybit than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.085%). If the spread goes back, that is −$7 on $10k: about 3.1 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.704% in total) that is about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BTWUSDT | 0.7226 | 0.0747 | pay 0.0373% / 4h | 2h 01m | $13.8M | $39.6M | 10x |
| Short | Binance BTWUSDT | 0.7227 | 0.0821 | get 0.0410% / 4h | 2h 01m | $100.4M | $171.6M | 10x |
Bybit BTWUSDT
Binance BTWUSDTFunding 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
- $15.64
- Price spread: +0.015% → +0.085%
- −$7.02
- Slippage, 4 orders
- −$171.59
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$183.97
- Costs to cover
- 1.926%
- Break-even
- 89.4 days
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 12 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, 3 min ago | 7.46 bp | 79.6 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.66 bp | 27.9 bp −$28 | 126.7 bp −$1,267 | doesn't fit | doesn't fit |
BTW 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDT | +0.0100% | 4h | 0.7206 | −0.274% | $3.0M | $16.5M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.7238 | +0.169% | $182K | $760K | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0158% | 4h | 0.7203 | −0.325% | $6.5M | $4.8M | 10x | as long as short |
| Bitget BTWUSDT | +0.0578% | 4h | 0.7226 | −0.004% | $22.8M | $13.8M | 5x | as long as short |
| Aster BTWUSDT | +0.0602% | 4h | 0.7193 | −0.452% | $2.0M | $3.0M | 5x | as long as short |
| Bybit BTWUSDTlong | +0.0747% | 4h | 0.7226 | long leg | $13.8M | $39.6M | 10x | |
| MEXC BTW_USDT | +0.0820% | 4h | 0.7214 | −0.166% | $8.5M | $6.3M | 20x | as long as short |
| Binance BTWUSDTshort | +0.0821% | 4h | 0.7227 | +0.015% | $100.4M | $171.6M | 10x | |
| Extended BTW-USD | +0.0824% | 1h | 0.7191 | −0.483% | $31K | $15K | 5x | as long as short |
| BingX BTW-USDT | +0.0834% | 4h | 0.7231 | +0.069% | — | $4.3M | — | as long as short |
Gate BTW_USDT
HTX BTW-USDT
KuCoin BTWUSDTM
Bitget BTWUSDT
Aster BTWUSDT
MEXC BTW_USDT
Extended BTW-USD
BingX BTW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.0839% | 4h | 0.7359 | +1.837% | $303K | $502K | 10x | as long as short |
edgeX BTWUSDC