Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.079%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$228as in the Funding arb table
Net, price: spread back to 7d avg − costs−$224as in the Price arb table
costs, in and out, $10k−$2222.222% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 7 days+0.079%+$8 · spread now −0.079%, 7d avg −0.061%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IOUSDT | 0.1492 | 0.0100 | pay 0.0050% / 4h | 39m 52s | $3.0M | $5.0M | 50x |
| Short | Bybit IOUSDT | 0.1491 | 0.0100 | get 0.0050% / 4h | 39m 52s | $1.1M | $647K | 25x |
Binance IOUSDT
Bybit IOUSDTFunding 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
- $0
- Price spread: −0.079% → −0.061%
- −$1.75
- Slippage, 4 orders
- −$201.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$223.91
- Costs to cover
- 2.222%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 1 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, 12 min ago | 3.35 bp | 22.6 bp −$23 | 142.1 bp −$1,421 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 6.71 bp | 79.8 bp −$80 | 433.7 bp −$4,337 | doesn't fit | doesn't fit |
IO on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin IO-USDT | +0.0068% | 4h | 0.1495 | +0.216% | $192K | $34K | 50x | as long as short |
| Hyperliquid IO | +0.0100% | 1h | 0.1492 | +0.048% | $1.0M | $274K | 3x | as long as short |
| Aster IOUSDT | +0.0100% | 4h | 0.1492 | +0.011% | $23K | $42K | 5x | as long as short |
| Binance IOUSDTlong | +0.0100% | 4h | 0.1492 | long leg | $3.0M | $5.0M | 50x | |
| Bybit IOUSDTshort | +0.0100% | 4h | 0.1491 | −0.079% | $1.1M | $647K | 25x | |
| Gate IO_USDT | +0.0100% | 4h | 0.1493 | +0.055% | $231K | $472K | 50x | as long as short |
| MEXC IO_USDT | +0.0100% | 4h | 0.1491 | −0.052% | $1.2M | $216K | 125x | as long as short |
| KuCoin IOUSDTM | +0.0100% | 4h | 0.1492 | +0.015% | $336K | $195K | 50x | as long as short |
| Bitget IOUSDT | +0.0100% | 4h | 0.1494 | +0.149% | $1.4M | $985K | 50x | as long as short |
| BingX IO-USDT | +0.0100% | 4h | 0.1491 | −0.052% | — | $1.3M | — | as long as short |
BloFin IO-USDT
Hyperliquid IO
Aster IOUSDT
Gate IO_USDT
MEXC IO_USDT
KuCoin IOUSDTM
Bitget IOUSDT
BingX IO-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni IO | +0.0100% | 4h | 0.1491 | −0.038% | $30K | $18K | — | as long as short |
| Extended IO-USD | +0.0104% | 1h | 0.1492 | −0.004% | $3K | $212K | 5x | as long as short |
| Injective IO/USDC PERP | +0.0563% | 1h | 0.1491 | −0.052% | $2K | $198 | 5.5x | as long as short |
| Kraken Futures PF_IOUSD | +0.5935% | 1h | 0.1495 | +0.203% | $39K | $7K | 10x | as long as short |
Variational Omni IO
Extended IO-USD
Injective IO/USDC PERP
Kraken Futures PF_IOUSD