Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit+0.067%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1971.973% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 7 days−0.054%−$5 · spread now +0.067%, 7d avg +0.060%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit IOUSDT | 0.1511 | 0.0100 | pay 0.0050% / 4h | 23m 40s | $1.1M | $909K | 25x |
| Short | Binance IOUSDT | 0.1512 | 0.0100 | get 0.0050% / 4h | 23m 40s | $3.0M | $6.6M | 50x |
Bybit IOUSDT
Binance IOUSDTFunding 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
- $0
- Price spread: +0.067% → +0.060%
- $0.75
- Slippage, 4 orders
- −$176.35
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$196.6
- Costs to cover
- 1.973%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 15 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, 2 min ago | 6.62 bp | 78.2 bp −$78 | 741.9 bp −$7,419 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 3.32 bp | 24.1 bp −$24 | 97.6 bp −$976 | 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 | +0.0052% | 4h | 0.1511 | 0.000% | $192K | $39K | 50x | as long as short |
| Hyperliquid IO | +0.0100% | 1h | 0.1513 | +0.106% | $1.0M | $371K | 3x | as long as short |
| Aster IOUSDT | +0.0100% | 4h | 0.1513 | +0.104% | $23K | $49K | 5x | as long as short |
| Binance IOUSDTshort | +0.0100% | 4h | 0.1512 | +0.067% | $3.0M | $6.6M | 50x | |
| Bybit IOUSDTlong | +0.0100% | 4h | 0.1511 | long leg | $1.1M | $909K | 25x | |
| Gate IO_USDT | +0.0100% | 4h | 0.1512 | +0.033% | $234K | $550K | 50x | as long as short |
| MEXC IO_USDT | +0.0100% | 4h | 0.1511 | 0.000% | $1.2M | $229K | 125x | as long as short |
| KuCoin IOUSDTM | +0.0100% | 4h | 0.1512 | +0.066% | $365K | $645K | 50x | as long as short |
| Bitget IOUSDT | +0.0100% | 4h | 0.1514 | +0.199% | $1.3M | $1.3M | 50x | as long as short |
| BingX IO-USDT | +0.0100% | 4h | 0.1512 | +0.066% | — | $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 | 0.1509 | −0.151% | $33K | $13K | — | as long as short |
| Extended IO-USD | +0.0104% | 1h | 0.1512 | +0.041% | $2K | $134K | 5x | as long as short |
| Injective IO/USDC PERP | +0.0583% | 1h | 0.1505 | −0.397% | $2K | $200 | 5.5x | as long as short |
| Kraken Futures PF_IOUSD | +3.7435% | 1h | 0.1502 | −0.614% | $39K | $18K | 10x | as long as short |
Variational Omni IO
Extended IO-USD
Injective IO/USDC PERP
Kraken Futures PF_IOUSD