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+0.218%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1211.206% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 7 days−0.089%−$9 · spread now +0.218%, 7d avg +0.094%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.124% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.094%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WUSDT | 0.01186 | 0.0100 | pay 0.0050% / 4h | 22m 56s | $4.2M | $1.9M | 50x |
| Short | Binance WUSDT | 0.01189 | 0.0100 | get 0.0050% / 4h | 22m 56s | $3.0M | $6.5M | 50x |
Bybit WUSDT
Binance WUSDTFunding 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: +0.218% → +0.094%
- $12.37
- Slippage, 4 orders
- −$99.58
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$108.21
- Costs to cover
- 1.206%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 16 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 | 8.02 bp | 36.9 bp −$37 | 349.4 bp −$3,494 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 3.38 bp | 26.5 bp −$27 | 100.1 bp −$1,001 | 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 | −0.0339% | 1h | 0.01188 | +0.177% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.905% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01189 | +0.219% | $2.0M | $341K | 5x | as long as short |
| Binance WUSDTshort | +0.0100% | 4h | 0.01189 | +0.218% | $3.0M | $6.5M | 50x | |
| Bybit WUSDTlong | +0.0100% | 4h | 0.01186 | long leg | $4.2M | $1.9M | 50x | |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01188 | +0.110% | $1.3M | $1.9M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01187 | +0.067% | $449K | $229K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01189 | +0.228% | $12.9M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01187 | +0.051% | $384K | $214K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01189 | +0.219% | $1.3M | $578K | 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 | 0.01188 | +0.126% | — | $6.8M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01186 | −0.061% | $72K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01188 | +0.165% | $128K | $414K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01189 | +0.192% | $62K | $235K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0360% | 1h | 0.01190 | +0.278% | $14K | $15K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0834% | 1h | 0.01191 | +0.346% | $44K | $43K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1678% | 1h | 0.01191 | +0.392% | $148K | $183K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD