Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.134%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1101.103% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 7 days+0.018%+$2 · spread now −0.134%, 7d avg −0.096%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.038% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.096%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance WUSDT | 0.01177 | 0.0100 | pay 0.0050% / 4h | 39m 21s | $3.0M | $5.2M | 50x |
| Short | Bybit WUSDT | 0.01175 | 0.0100 | get 0.0050% / 4h | 39m 21s | $4.1M | $1.6M | 50x |
Binance WUSDT
Bybit WUSDTFunding 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: −0.134% → −0.096%
- −$3.79
- Slippage, 4 orders
- −$89.35
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$114.14
- Costs to cover
- 1.103%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 3 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, 13 min ago | 3.39 bp | 19.3 bp −$19 | 127.3 bp −$1,273 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 6.36 bp | 35.1 bp −$35 | 129.3 bp −$1,293 | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0174% | 1h | 0.01179 | +0.121% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.712% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01178 | +0.079% | $2.0M | $271K | 5x | as long as short |
| Binance WUSDTlong | +0.0100% | 4h | 0.01177 | long leg | $3.0M | $5.2M | 50x | |
| Bybit WUSDTshort | +0.0100% | 4h | 0.01175 | −0.134% | $4.1M | $1.6M | 50x | |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01177 | −0.015% | $1.3M | $1.5M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01176 | −0.108% | $427K | $233K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01177 | +0.019% | $12.3M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01177 | −0.006% | $387K | $192K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01179 | +0.164% | $1.3M | $568K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01177 | −0.015% | — | $6.7M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01178 | +0.047% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01180 | +0.250% | $126K | $378K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01177 | −0.016% | $63K | $345K | 5x | as long as short |
| Backpack W_USDC_PERP | +0.0164% | 1h | 0.01179 | +0.198% | $46K | $53K | 15x | as long as short |
| Coinbase International W-PERP-INTX | +0.0384% | 1h | 0.01186 | +0.750% | $13K | $13K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1322% | 1h | 0.01179 | +0.197% | $147K | $83K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Backpack W_USDC_PERP
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD