Funding you earn now, next payment 00:00 UTC−0.0600%/8h= −65.7% APRnext payment −$3.00 per $10,000 · paid last 24h −0.059%
Price spread now: Binance against Bybit+0.079%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1171.169% of the position
Funding, last 7 days−0.227%−$23 on $10k
+Price spread, last 7 days−0.024%−$2 · spread now +0.079%, 7d avg +0.039%
=The price spread pays, funding is against you. Binance is 0.039% dearer against Bybit than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of +0.039%): +$4 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.227% in total) that is about 29 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.227% in total (about -11.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.00 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 RIVERUSDT | 1.2680 | 0.1320 | pay 0.0660% / 4h | 42m 54s | $3.8M | $1.7M | 25x |
| Short | Binance RIVERUSDT | 1.2690 | 0.0720 | get 0.0360% / 4h | 42m 54s | $6.1M | $10.4M | 50x |
Bybit RIVERUSDT
Binance RIVERUSDTFunding 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
- −$125.91
- Price spread: +0.079% → +0.039%
- $3.94
- Slippage, 4 orders
- −$95.93
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$238.9
- Costs to cover
- 1.169%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 12 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, 5 min ago | 3.92 bp | 41.0 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 3.92 bp | 14.2 bp −$14 | 55.9 bp −$559 | 1492.4 bp −$149.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RIVER | +0.0096% | 1h | 1.2690 | +0.079% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2670 | −0.079% | $2.1M | $3.8M | 20x | as long as short |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2680 | 0.000% | $2.4M | $2.2M | 50x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2753 | +0.578% | $39K | $415K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2670 | −0.079% | $2K | $971K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2770 | +0.710% | $49K | $95K | 20x | as long as short |
| Bitget RIVERUSDT | +0.0328% | 4h | 1.2680 | 0.000% | $3.0M | $1.9M | 20x | as long as short |
| Gate RIVER_USDT | +0.0354% | 4h | 1.2670 | −0.079% | $420K | $109K | 20x | as long as short |
| Aster RIVERUSDT | +0.0601% | 4h | 1.2678 | −0.014% | $73K | $29K | 10x | as long as short |
| MEXC RIVER_USDT | +0.0720% | 4h | 1.2670 | −0.079% | $3.7M | $1.5M | 50x | as long as short |
Lighter RIVER
OKX RIVER-USDT-SWAP
KuCoin RIVERUSDTM
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Bitget RIVERUSDT
Gate RIVER_USDT
Aster RIVERUSDT
MEXC RIVER_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance RIVERUSDTshort | +0.0720% | 4h | 1.2690 | +0.079% | $6.1M | $10.4M | 50x | |
| Kraken Futures PF_RIVERUSD | +0.0723% | 1h | 1.2701 | +0.165% | $57K | $74K | 10x | as long as short |
| BloFin RIVER-USDT | +0.0724% | 4h | 1.2770 | +0.710% | $421K | $33K | 50x | as long as short |
| Variational Omni RIVER | +0.1049% | 4h | 1.2753 | +0.579% | $43K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.1316% | 4h | 1.2680 | 0.000% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDTlong | +0.1320% | 4h | 1.2680 | long leg | $3.8M | $1.7M | 25x |
Kraken Futures PF_RIVERUSD
BloFin RIVER-USDT
Variational Omni RIVER
BingX RIVER-USDT