Funding you earn now, next payment 08:00 UTC−0.0251%/8h= −27.5% APRnext payment −$1.26 per $10,000 · paid last 24h −0.128%
Price spread now: Bybit against Binance+0.128%7-day average +0.289% · you sell dearer than you buy
Net, funding: paid 7d − costs−$386as in the Funding arb table
Net, price: spread back to 7d avg − costs−$382as in the Price arb table
costs, in and out, $10k−$3663.663% of the position
Funding, last 7 days−0.200%−$20 on $10k
+Price spread, last 7 days+0.196%+$20 · spread now +0.128%, 7d avg +0.289%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.160% cheaper against Binance than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.289%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USUSDT | 0.01630 | 0.0351 | pay 0.0176% / 4h | 1h 32m | $9.1M | $3.3M | 10x |
| Short | Bybit USUSDT | 0.01632 | 0.0100 | get 0.0050% / 4h | 1h 32m | $3.2M | $936K | 20x |
Binance USUSDT
Bybit USUSDTFunding 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
- −$52.76
- Price spread: +0.128% → +0.289%
- −$16.05
- Slippage, 4 orders
- −$345.28
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$435.08
- Costs to cover
- 3.663%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 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, 7 min ago | 2.76 bp | 53.1 bp −$53 | 402.5 bp −$4,025 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 12.24 bp | 134.8 bp −$135 | doesn't fit | doesn't fit | doesn't fit |
US on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTM | −0.0002% | 4h | 0.01622 | −0.473% | $4.0M | $399K | 20x | as long as short |
| Bybit USUSDTshort | +0.0100% | 4h | 0.01632 | +0.128% | $3.2M | $936K | 20x | |
| Gate US_USDT | +0.0100% | 4h | 0.01630 | −0.007% | $2.0M | $604K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01633 | +0.215% | $16K | $4K | — | as long as short |
| Bitget USUSDT | +0.0110% | 4h | 0.01633 | +0.196% | $4.3M | $266K | 10x | as long as short |
| Aster USUSDT | +0.0233% | 4h | 0.01631 | +0.106% | $12K | $54K | 5x | as long as short |
| BloFin US-USDT | +0.0334% | 4h | 0.01631 | +0.104% | $482K | $49K | 10x | as long as short |
| Binance USUSDTlong | +0.0351% | 4h | 0.01630 | long leg | $9.1M | $3.3M | 10x | |
| Extended US-USD | +0.0352% | 1h | 0.01629 | −0.024% | $6K | $171K | 5x | as long as short |
| MEXC US_USDT | +0.0360% | 4h | 0.01631 | +0.055% | $5.5M | $114K | 100x | as long as short |
KuCoin USUSDTM
Gate US_USDT
Variational Omni US
Bitget USUSDT
Aster USUSDT
BloFin US-USDT
Extended US-USD
MEXC US_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX US-USDT | +0.0382% | 4h | 0.01632 | +0.147% | — | $1.3M | — | as long as short |
BingX US-USDT