Funding you earn now, next payment 08:00 UTC+0.0718%/8h= +78.6% APRnext payment +$3.59 per $10,000 · paid last 24h +0.028%
Price spread now: Binance against Bybit−0.092%7-day average −0.145% · you buy dearer than you sell
Net, funding: paid 7d − costs−$588as in the Funding arb table
Net, price: spread back to 7d avg − costs−$551as in the Price arb table
costs, in and out, $10k−$5565.559% of the position
Funding, last 7 days−0.317%−$32 on $10k
+Price spread, last 7 days−0.029%−$3 · spread now −0.092%, 7d avg −0.145%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Binance is 0.053% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.145%. Mind the row above: over the last 7 days funding on this pair cost −0.317%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.317% in total (about -16.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.59 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 TRUTHUSDT | 0.01367 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $1.3M | $426K | 20x |
| Short | Binance TRUTHUSDT | 0.01365 | 0.0818 | get 0.0409% / 4h | 2h 12m | $4.4M | $1.6M | 20x |
Bybit TRUTHUSDT
Binance TRUTHUSDTFunding 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
- $150.71
- Price spread: −0.092% → −0.145%
- $5.26
- Slippage, 4 orders
- −$534.91
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$399.94
- Costs to cover
- 5.559%
- Break-even
- 25.6 days
Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 10 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, 4 min ago | 3.29 bp | 275.9 bp −$276 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 4.40 bp | 37.0 bp −$37 | 155.7 bp −$1,557 | doesn't fit | doesn't fit |
TRUTH on 10 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 TRUTHUSDTlong | +0.0100% | 4h | 0.01367 | long leg | $1.3M | $426K | 20x | |
| KuCoin TRUTHUSDTM | +0.0166% | 4h | 0.01362 | −0.307% | $1.0M | $50K | 10x | as long as short |
| Aster TRUTHUSDT | +0.0471% | 4h | 0.01367 | 0.000% | $36K | $6K | 5x | as long as short |
| Gate TRUTH_USDT | +0.0540% | 4h | 0.01364 | −0.205% | $425K | $52K | 20x | as long as short |
| BloFin TRUTH-USDT | +0.0761% | 4h | 0.01366 | −0.066% | $198K | $12K | 50x | as long as short |
| Extended TRUTH-USD | +0.0816% | 1h | 0.01365 | −0.118% | $4K | $268K | 5x | as long as short |
| Binance TRUTHUSDTshort | +0.0818% | 4h | 0.01365 | −0.092% | $4.4M | $1.6M | 20x | |
| MEXC TRUTH_USDT | +0.0818% | 4h | 0.01365 | −0.117% | $11.9M | $134K | 20x | as long as short |
| BingX TRUTH-USDT | +0.1682% | 4h | 0.01367 | +0.044% | — | $6.5M | — | as long as short |
| OKX TRUTH-USDT-SWAP | +0.1762% | 4h | 0.01369 | +0.154% | $226K | $333K | 10x | as long as short |
KuCoin TRUTHUSDTM
Aster TRUTHUSDT
Gate TRUTH_USDT
BloFin TRUTH-USDT
Extended TRUTH-USD
MEXC TRUTH_USDT
BingX TRUTH-USDT
OKX TRUTH-USDT-SWAP