Funding you earn now, next payment 12:00 UTC+0.0751%/8h= +82.3% APRnext payment +$3.76 per $10,000 · paid last 24h +0.051%
Price spread now: Bybit against Binance−0.199%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1511.509% of the position
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 7 days+0.121%+$12 · spread now −0.199%, 7d avg −0.041%
=Funding pays, the price is against you. Bybit is 0.158% cheaper against Binance than usual: you would sell low and buy high (spread −0.199% now, against its 7-day average of −0.041%). If the spread goes back, that is −$16 on $10k: about 17 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.242% in total) that is about 4.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.242% in total (about 12.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.76 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 | Binance RIVERUSDT | 1.2615 | 0.0469 | pay 0.0234% / 4h | 3h 53m | $6.1M | $12.1M | 50x |
| Short | Bybit RIVERUSDT | 1.2590 | 0.1220 | get 0.0610% / 4h | 3h 53m | $3.8M | $1.7M | 25x |
Binance RIVERUSDT
Bybit RIVERUSDTFunding 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
- $157.76
- Price spread: −0.199% → −0.041%
- −$15.8
- Slippage, 4 orders
- −$129.94
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$8.98
- Costs to cover
- 1.509%
- Break-even
- 7.4 days
Slippage from Binance: live order book, 2 min ago; Bybit: live order book, 4 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, 2 min ago | 3.97 bp | 18.2 bp −$18 | 96.1 bp −$961 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.96 bp | 66.8 bp −$67 | 673.9 bp −$6,739 | doesn't fit | doesn't fit |
RIVER on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_RIVERUSD | −0.0452% | 1h | 1.2626 | +0.083% | $53K | $88K | 10x | as long as short |
| Lighter RIVER | +0.0096% | 1h | 1.2610 | −0.041% | $41K | $13K | 3x | as long as short |
| Gate RIVER_USDT | +0.0100% | 4h | 1.2590 | −0.199% | $422K | $94K | 20x | as long as short |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2580 | −0.279% | $2.5M | $4.3M | 50x | as long as short |
| Variational Omni RIVER | +0.0100% | 4h | 1.2598 | −0.137% | $43K | $7K | — | as long as short |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2592 | −0.187% | $27K | $448K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2560 | −0.437% | $1K | $1.2M | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2630 | +0.118% | $49K | $71K | 20x | as long as short |
| Bitget RIVERUSDT | +0.0248% | 4h | 1.2600 | −0.120% | $3.0M | $2.4M | 20x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0352% | 4h | 1.2590 | −0.199% | $2.1M | $4.2M | 20x | as long as short |
Kraken Futures PF_RIVERUSD
Lighter RIVER
Gate RIVER_USDT
KuCoin RIVERUSDTM
Variational Omni RIVER
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Bitget RIVERUSDT
OKX RIVER-USDT-SWAPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RIVER_USDT | +0.0468% | 4h | 1.2600 | −0.120% | $3.6M | $1.6M | 50x | as long as short |
| Binance RIVERUSDTlong | +0.0469% | 4h | 1.2615 | long leg | $6.1M | $12.1M | 50x | |
| BloFin RIVER-USDT | +0.0512% | 4h | 1.2620 | +0.038% | $398K | $30K | 50x | as long as short |
| Aster RIVERUSDT | +0.0575% | 4h | 1.2591 | −0.195% | $70K | $29K | 10x | as long as short |
| Bybit RIVERUSDTshort | +0.1220% | 4h | 1.2590 | −0.199% | $3.8M | $1.7M | 25x | |
| BingX RIVER-USDT | +0.2630% | 4h | 1.2600 | −0.120% | — | $6.8M | — | as long as short |
MEXC RIVER_USDT
BloFin RIVER-USDT
Aster RIVERUSDT
BingX RIVER-USDT