Funding you earn now, next payment 08:00 UTC−0.0290%/8h= −31.8% APRnext payment −$2.90 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.146%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1141.140% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 7 days+0.086%+$9 · spread now −0.146%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.123% cheaper against Bybit than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.90 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit 1000LUNCUSDT | 0.00005480 | 0.0390 | pay 0.0390% / 8h | 5h 10m | $2.0M | $766K | 25x |
| Short | Binance 1000LUNCUSDT | 0.00005472 | 0.0100 | get 0.0100% / 8h | 5h 10m | $4.1M | $7.8M | 75x |
Bybit 1000LUNCUSDT
Binance 1000LUNCUSDTFunding 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
- −$61
- Price spread: −0.146% → −0.023%
- −$12.25
- Slippage, 4 orders
- −$93.03
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$187.28
- Costs to cover
- 1.140%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 14 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 | 2.73 bp | 36.2 bp −$36 | 149.1 bp −$1,491 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.91 bp | 16.2 bp −$16 | 65.1 bp −$651 | doesn't fit | doesn't fit |
LUNC 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kLUNC | +0.0100% | 1h | 0.00005479 | −0.011% | $287K | $114K | 3x | as long as short |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005473 | −0.134% | $48K | $15K | 10x | as long as short |
| Binance 1000LUNCUSDTshort | +0.0100% | 8h | 0.00005472 | −0.146% | $4.1M | $7.8M | 75x | |
| Gate LUNC_USDT | +0.0100% | 8h | 0.00005478 | −0.036% | $392K | $244K | 75x | as long as short |
| MEXC LUNC_USDT | +0.0100% | 8h | 0.00005470 | −0.182% | $17.2M | $1.3M | 200x | as long as short |
| Bitget LUNCUSDT | +0.0100% | 8h | 0.00005469 | −0.201% | $1.2M | $576K | 25x | as long as short |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005472 | −0.152% | $2K | — | 10x | as long as short |
| BloFin 1000LUNC-USDT | +0.0220% | 8h | 0.00005473 | −0.128% | $389K | $37K | 75x | as long as short |
| BingX LUNC-USDT | +0.0370% | 8h | 0.00005477 | −0.055% | — | $2.0M | — | as long as short |
| Bybit 1000LUNCUSDTlong | +0.0390% | 8h | 0.00005480 | long leg | $2.0M | $766K | 25x |
Hyperliquid kLUNC
Aster 1000LUNCUSDT
Gate LUNC_USDT
MEXC LUNC_USDT
Bitget LUNCUSDT
Extended kLUNC-USD
BloFin 1000LUNC-USDT
BingX LUNC-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LUNCUSDTM | +0.0803% | 8h | 0.00005471 | −0.159% | $1.7M | $658K | 50x | as long as short |
KuCoin LUNCUSDTM