Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Bybit against Binance−0.075%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$890.889% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 7 days−0.001%$0 · spread now −0.075%, 7d avg −0.077%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SUSDT | 0.04001 | 0.0100 | pay 0.0050% / 4h | 3h 07m | $5.5M | $15.7M | 75x |
| Short | Bybit SUSDT | 0.03998 | 0.0100 | get 0.0050% / 4h | 3h 07m | $5.7M | $4.9M | 50x |
Funding 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
- $0
- Price spread: −0.075% → −0.077%
- $0.21
- Slippage, 4 orders
- −$67.91
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$88.7
- Costs to cover
- 0.889%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Bybit: live order book, 5 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, 3 min ago | 2.50 bp | 18.9 bp −$19 | 58.3 bp −$583 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.25 bp | 24.0 bp −$24 | 72.6 bp −$726 | doesn't fit | doesn't fit |
S on 25 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_SUSD | −0.2019% | 1h | 0.04002 | +0.021% | $34K | $23K | 10x | as long as short |
| 01 Exchange SUSD | −0.1728% | 1h | 0.04000 | −0.025% | $25K | $2K | 5x | as long as short |
| Coinbase International S-PERP-INTX | −0.1240% | 1h | 0.03959 | −1.050% | $49K | $5K | 25x | as long as short |
| Variational Omni S | −0.0682% | 4h | 0.03997 | −0.104% | $621K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04003 | +0.040% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04001 | +0.010% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04003 | +0.052% | $617 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0026% | 4h | 0.04002 | +0.025% | $102K | $331K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +2.474% | $2K | $37K | 12x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04007 | +0.150% | $164K | $192K | 5x | as long as short |
Show all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04001 | +0.005% | $1.0M | $621K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04004 | +0.064% | $44K | $141K | 10x | as long as short |
| Binance SUSDTlong | +0.0100% | 4h | 0.04001 | long leg | $5.5M | $15.7M | 75x | |
| Bybit SUSDTshort | +0.0100% | 4h | 0.03998 | −0.075% | $5.7M | $4.9M | 50x | |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04002 | +0.025% | $981K | $4.5M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04002 | +0.025% | $327K | $218K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04000 | −0.025% | $3.6M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04003 | +0.050% | $1.9M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04004 | +0.075% | $1.2M | $2.4M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04000 | −0.025% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04000 | −0.025% | $26K | $445K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03999 | −0.047% | $224K | $1.1M | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0278% | 1h | 0.04010 | +0.225% | $117K | $325K | 5x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04004 | +0.075% | $271K | $127K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0499% | 1h | 0.04007 | +0.150% | $67K | $10K | 10x | as long as short |
Binance SUSDT
Bybit SUSDT
Kraken Futures PF_SUSD
01 Exchange SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Lighter S
Hyperliquid S
Aster SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
Backpack S_USDC_PERP
BloFin S-USDT
Deribit S_USDC-PERPETUAL