Funding you earn now, next payment 00:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.10 per $10,000 · paid last 24h −0.046%
Price spread now: Binance against Bybit−0.191%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1361.363% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 7 days+0.191%+$19 · spread now −0.191%, 7d avg −0.081%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.110% cheaper against Bybit than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.081%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit DEXEUSDT | 1.9377 | 0.0120 | pay 0.0060% / 4h | 1h 26m | $2.4M | $891K | 20x |
| Short | Binance DEXEUSDT | 1.9340 | 0.0100 | get 0.0050% / 4h | 1h 26m | $7.0M | $8.6M | 20x |
Bybit DEXEUSDT
Binance DEXEUSDTFunding 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
- −$4.26
- Price spread: −0.191% → −0.081%
- −$10.98
- Slippage, 4 orders
- −$115.25
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$151.49
- Costs to cover
- 1.363%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 13 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, 1 min ago | 5.16 bp | 46.6 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 2.59 bp | 13.6 bp −$14 | 45.9 bp −$459 | doesn't fit | doesn't fit |
DEXE on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DEXE/USDC PERP | +0.0033% | 1h | 1.8600 | −4.010% | — | $3K | 5.5x | as long as short |
| Aster DEXEUSDT | +0.0100% | 4h | 1.9366 | −0.058% | $172K | $34K | 5x | as long as short |
| Binance DEXEUSDTshort | +0.0100% | 4h | 1.9340 | −0.191% | $7.0M | $8.6M | 20x | |
| Gate DEXE_USDT | +0.0100% | 4h | 1.9370 | −0.036% | $483K | $775K | 20x | as long as short |
| MEXC DEXE_USDT | +0.0100% | 4h | 1.9360 | −0.088% | $1.8M | $212K | 20x | as long as short |
| Bitget DEXEUSDT | +0.0100% | 4h | 1.9340 | −0.191% | $3.2M | $522K | 10x | as long as short |
| BingX DEXE-USDT | +0.0100% | 4h | 1.9360 | −0.088% | — | $1.8M | — | as long as short |
| Variational Omni DEXE | +0.0100% | 4h | 1.9323 | −0.281% | $35K | $2K | — | as long as short |
| Orderly PERP_DEXE_USDC_mythos | +0.0100% | 4h | 1.9360 | −0.088% | $8K | — | 10x | as long as short |
| Bybit DEXEUSDTlong | +0.0120% | 4h | 1.9377 | long leg | $2.4M | $891K | 20x |
Injective DEXE/USDC PERP
Aster DEXEUSDT
Gate DEXE_USDT
MEXC DEXE_USDT
Bitget DEXEUSDT
BingX DEXE-USDT
Variational Omni DEXE
Orderly PERP_DEXE_USDC_mythosShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DEXEUSD | +0.0235% | 1h | 1.9370 | −0.038% | $43K | $57K | 20x | as long as short |
| BloFin DEXE-USDT | +0.0340% | 4h | 1.9360 | −0.088% | $393K | $30K | 20x | as long as short |
Kraken Futures PF_DEXEUSD
BloFin DEXE-USDT