Funding you earn now, next payment 12:00 UTC+0.0115%/8h= +12.6% APRnext payment +$0.57 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit+0.067%7-day average −0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1341.337% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 7 days−0.163%−$16 · spread now +0.067%, 7d avg −0.070%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.137% dearer against Bybit than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.070%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MEUSDT | 0.07484 | −0.0015 | get 0.0007% / 4h | 3h 35m | $1.5M | $854K | 25x |
| Short | Binance MEUSDT | 0.07489 | 0.0100 | get 0.0050% / 4h | 3h 35m | $2.1M | $4.3M | 50x |
Bybit MEUSDT
Binance MEUSDTFunding 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
- $24.1
- Price spread: +0.067% → −0.070%
- $13.73
- Slippage, 4 orders
- −$112.69
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$95.86
- Costs to cover
- 1.337%
- Break-even
- 34.8 days
Slippage from Bybit: live order book, 1 min ago; Binance: 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 Bybit live order book, 1 min ago | 3.34 bp | 49.0 bp −$49 | 485.4 bp −$4,854 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 2.00 bp | 25.5 bp −$26 | 77.8 bp −$778 | doesn't fit | doesn't fit |
ME on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MEUSDTlong | −0.0015% | 4h | 0.07484 | long leg | $1.5M | $854K | 25x | |
| Hyperliquid ME | +0.0100% | 1h | 0.07491 | +0.094% | $234K | $133K | 3x | as long as short |
| Aster MEUSDT | +0.0100% | 4h | 0.07496 | +0.167% | $13K | $21K | 5x | as long as short |
| Binance MEUSDTshort | +0.0100% | 4h | 0.07489 | +0.067% | $2.1M | $4.3M | 50x | |
| OKX ME-USDT-SWAP | +0.0100% | 4h | 0.07490 | +0.080% | $469K | $1.2M | 20x | as long as short |
| Gate ME_USDT | +0.0100% | 8h | 0.07500 | +0.214% | $194K | $79K | 50x | as long as short |
| MEXC ME_USDT | +0.0100% | 4h | 0.07488 | +0.053% | $495K | $126K | 20x | as long as short |
| KuCoin MEUSDTM | +0.0100% | 4h | 0.07508 | +0.321% | $214K | $34K | 30x | as long as short |
| Bitget MEUSDT | +0.0100% | 4h | 0.07490 | +0.080% | $644K | $429K | 25x | as long as short |
| BingX ME-USDT | +0.0100% | 4h | 0.07489 | +0.067% | — | $1.3M | — | as long as short |
Hyperliquid ME
Aster MEUSDT
OKX ME-USDT-SWAP
Gate ME_USDT
MEXC ME_USDT
KuCoin MEUSDTM
Bitget MEUSDT
BingX ME-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ME | +0.0100% | 4h | 0.07483 | −0.010% | $8K | $5K | — | as long as short |
| BloFin ME-USDT | +0.0116% | 4h | 0.07513 | +0.387% | $106K | $9K | 50x | as long as short |
| Reya MERUSDPERP | +0.0228% | 1h | 0.07488 | +0.058% | $26K | — | 15x | as long as short |
Variational Omni ME
BloFin ME-USDT
Reya MERUSDPERP