Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.167%7-day average −0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1301.298% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.167%, 7d avg −0.155%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USUALUSDT | 0.01374 | 0.0100 | pay 0.0050% / 4h | 2h 42m | $1.0M | $789K | 25x |
| Short | Binance USUALUSDT | 0.01371 | 0.0100 | get 0.0050% / 4h | 2h 42m | $2.2M | $3.4M | 50x |
Bybit USUALUSDT
Binance USUALUSDTFunding 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
- $0
- Price spread: −0.167% → −0.155%
- −$1.23
- Slippage, 4 orders
- −$108.79
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$131.02
- Costs to cover
- 1.298%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 8 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, 3 min ago | 4.36 bp | 47.6 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 2.57 bp | 21.8 bp −$22 | 119.1 bp −$1,191 | doesn't fit | doesn't fit |
USUAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4129% | 1h | 0.01354 | −1.434% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0648% | 1h | 0.01376 | +0.196% | $112K | $18K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01373 | −0.051% | $393K | $184K | 3x | as long as short |
| Binance USUALUSDTshort | +0.0100% | 4h | 0.01371 | −0.167% | $2.2M | $3.4M | 50x | |
| Bybit USUALUSDTlong | +0.0100% | 4h | 0.01374 | long leg | $1.0M | $789K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01375 | +0.095% | $929K | $180K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01372 | −0.102% | $6.0M | $238K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01377 | +0.240% | $271K | $62K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01373 | −0.051% | $824K | $422K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01373 | −0.051% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01369 | −0.347% | $9K | $208 | — | as long as short |
Variational Omni USUAL