Funding you earn now, next payment 04:00 UTC−0.0149%/8h= −16.3% APRnext payment −$0.74 per $10,000 · paid last 24h −0.114%
Price spread now: Binance against Bybit+0.100%7-day average −0.174% · you sell dearer than you buy
Net, funding: paid 7d − costs−$218as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$1101.105% of the position
Funding, last 7 days−1.072%−$107 on $10k
+Price spread, last 7 days−1.538%−$154 · spread now +0.100%, 7d avg −0.174%
=The price spread pays, funding is against you. Binance is 0.274% dearer against Bybit than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of −0.174%): +$27 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.1 days. At the pace of the last 7 days (−1.072% in total) that is about 43 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TUSDT | 0.005230 | 0.0100 | pay 0.0050% / 4h | 1h 11m | $1.6M | $1.5M | 25x |
| Short | Binance TUSDT | 0.005235 | −0.0049 | pay 0.0024% / 4h | 1h 11m | $3.3M | $7.4M | 50x |
Bybit TUSDT
Binance TUSDTFunding 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
- −$31.24
- Price spread: +0.100% → −0.174%
- $27.4
- Slippage, 4 orders
- −$89.49
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$114.34
- Costs to cover
- 1.105%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 13 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 | 3.82 bp | 43.0 bp −$43 | 385.9 bp −$3,859 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.95 bp | 13.5 bp −$13 | 37.8 bp −$378 | doesn't fit | doesn't fit |
T on 8 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_TUSD | −0.2918% | 1h | 0.005230 | +0.005% | $2K | $2K | 10x | as long as short |
| Variational Omni T | −0.0168% | 4h | 0.005256 | +0.506% | $8K | $9K | — | as long as short |
| Bitget TUSDT | −0.0146% | 4h | 0.005225 | −0.096% | $885K | $501K | 50x | as long as short |
| KuCoin TUSDTM | −0.0130% | 4h | 0.005239 | +0.172% | $1.4M | $80K | 12x | as long as short |
| Gate T_USDT | −0.0124% | 4h | 0.005234 | +0.076% | $216K | $81K | 20x | as long as short |
| MEXC T_USDT | −0.0056% | 4h | 0.005234 | +0.076% | $3.2M | $211K | 20x | as long as short |
| Binance TUSDTshort | −0.0049% | 4h | 0.005235 | +0.100% | $3.3M | $7.4M | 50x | |
| Bybit TUSDTlong | +0.0100% | 4h | 0.005230 | long leg | $1.6M | $1.5M | 25x |
Kraken Futures PF_TUSD
Variational Omni T
Bitget TUSDT
KuCoin TUSDTM
Gate T_USDT
MEXC T_USDT