Funding you earn now, next payment 08:00 UTC−0.0570%/8h= −62.4% APRnext payment −$2.85 per $10,000 · paid last 24h −0.178%
Price spread now: Bybit against Binance−0.037%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1321.324% of the position
Funding, last 7 days−0.480%−$48 on $10k
+Price spread, last 7 days−0.131%−$13 · spread now −0.037%, 7d avg −0.044%
=The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUSDT | 1.3587 | 0.0788 | pay 0.0394% / 4h | 40m 23s | $5.4M | $4.0M | 10x |
| Short | Bybit MUSDT | 1.3582 | 0.0217 | get 0.0109% / 4h | 40m 23s | $4.2M | $1.8M | 20x |
Binance MUSDT
Bybit MUSDTFunding 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
- −$119.76
- Price spread: −0.037% → −0.044%
- $0.69
- Slippage, 4 orders
- −$111.42
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$251.48
- Costs to cover
- 1.324%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 2 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 | 0.73 bp | 27.3 bp −$27 | 384.0 bp −$3,840 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 5.54 bp | 35.4 bp −$35 | 193.3 bp −$1,933 | doesn't fit | doesn't fit |
M 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate M_USDT | +0.0100% | 8h | 1.3553 | −0.250% | $1.8M | $901K | 10x | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.3577 | −0.074% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.3585 | −0.015% | $2K | $873K | 20x | as long as short |
| Bybit MUSDTshort | +0.0217% | 4h | 1.3582 | −0.037% | $4.2M | $1.8M | 20x | |
| Aster MUSDT | +0.0478% | 4h | 1.3539 | −0.356% | $13K | $83K | 5x | as long as short |
| Binance MUSDTlong | +0.0788% | 4h | 1.3587 | long leg | $5.4M | $4.0M | 10x | |
| MEXC M_USDT | +0.0796% | 4h | 1.3585 | −0.015% | $234K | $108K | 50x | as long as short |
| BloFin M-USDT | +0.0838% | 4h | 1.3513 | −0.545% | $346K | $449K | 10x | as long as short |
| Variational Omni M | +0.1067% | 4h | 1.3544 | −0.314% | $91K | $49K | — | as long as short |
| BingX M-USDT | +0.1198% | 4h | 1.3587 | 0.000% | — | $2.4M | — | as long as short |
Gate M_USDT
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
MEXC M_USDT
BloFin M-USDT
Variational Omni M
BingX M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MUSDT | +0.1262% | 4h | 1.3584 | −0.022% | $1.8M | $254K | 10x | as long as short |
| KuCoin MUSDTM | +0.2356% | 4h | 1.3462 | −0.916% | $1.4M | $3.7M | 10x | as long as short |
Bitget MUSDT
KuCoin MUSDTM