Funding you earn now, next payment 04:00 UTC+0.0649%/8h= +71.0% APRnext payment +$3.24 per $10,000 · paid last 24h +0.876%
Price spread now: Bybit against Binance−0.193%7-day average +0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1331.330% of the position
Funding, last 7 days+0.900%+$90 on $10k
+Price spread, last 7 days+0.305%+$30 · spread now −0.193%, 7d avg +0.103%
=Funding pays, the price is against you. Bybit is 0.295% cheaper against Binance than usual: you would sell low and buy high (spread −0.193% now, against its 7-day average of +0.103%). If the spread goes back, that is −$30 on $10k: about 36 hours of funding at the current rate (+$19 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ESPUSDT | 0.09372 | 0.0100 | pay 0.0050% / 4h | 2h 25m | $2.4M | $4.3M | 25x |
| Short | Bybit ESPUSDT | 0.09354 | 0.0749 | get 0.0374% / 4h | 2h 25m | $1.1M | $624K | 50x |
Binance ESPUSDT
Bybit ESPUSDTFunding 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
- $136.22
- Price spread: −0.193% → +0.103%
- −$29.54
- Slippage, 4 orders
- −$112.01
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$26.34
- Costs to cover
- 1.330%
- Break-even
- 8.4 days
Slippage from Binance: live order book, 11 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, 11 min ago | 0.54 bp | 15.6 bp −$16 | 64.2 bp −$642 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.07 bp | 53.5 bp −$53 | 307.7 bp −$3,077 | doesn't fit | doesn't fit |
ESP on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX ESP-USDT | +0.0036% | 4h | 0.09364 | −0.086% | — | $1.7M | — | as long as short |
| Aster ESPUSDT | +0.0100% | 4h | 0.09375 | +0.031% | $6K | $26K | 5x | as long as short |
| Binance ESPUSDTlong | +0.0100% | 4h | 0.09372 | long leg | $2.4M | $4.3M | 25x | |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09376 | +0.042% | $598K | $1.2M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09375 | +0.031% | $175K | $613K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09369 | −0.033% | $1.2M | $118K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09378 | +0.063% | $1.5M | $50K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09372 | +0.004% | $941K | $153K | 20x | as long as short |
| edgeX ESPUSDC | +0.0120% | 4h | 0.09365 | −0.077% | $29K | $266K | 10x | as long as short |
| Bybit ESPUSDTshort | +0.0749% | 4h | 0.09354 | −0.193% | $1.1M | $624K | 50x |
BingX ESP-USDT
Aster ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDC