Funding you earn now, next payment 08:00 UTC+0.1150%/8h= +125.9% APRpaid last 24h −0.008%
Price spread now: Binance against Bybit+0.244%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$271as in the Funding arb table
Net, price: spread back to 7d avg − costs−$253as in the Price arb table
costs, in and out, $10k−$2682.681% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.244%, 7d avg +0.097%
=Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Binance is 0.147% dearer against Bybit than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.097%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.4% a year). A funding rate is set anew for every payment. 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 1000XECUSDT | 0.000008782 | −0.1168 | get 0.1168% / 8h | 3h 50m | $676K | $825K | 20x |
| Short | Binance 1000XECUSDT | 0.000008803 | −0.0018 | pay 0.0009% / 4h | 3h 50m | $1.8M | $7.6M | 75x |
Bybit 1000XECUSDT
Binance 1000XECUSDTFunding 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
- $241.46
- Price spread: +0.244% → +0.097%
- $14.65
- Slippage, 4 orders
- −$247.06
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$11.94
- Costs to cover
- 2.681%
- Break-even
- 7.3 days
Slippage from Bybit: live order book, 60 min ago; Binance: 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 Bybit live order book, 60 min ago | 5.77 bp | 127.1 bp −$127 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.14 bp | 26.9 bp −$27 | 112.0 bp −$1,120 | doesn't fit | doesn't fit |
XEC on 7 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 1000XECUSDTlong | −0.1168% | 8h | 0.000008782 | long leg | $676K | $825K | 20x | |
| KuCoin XECUSDTM | −0.0510% | 4h | 0.000008790 | +0.091% | $176K | $111K | 20x | as long as short |
| Aster 1000XECUSDT | −0.0194% | 4h | 0.000008802 | +0.230% | $3K | $40K | 5x | as long as short |
| Extended kXEC-USD | −0.0024% | 1h | 0.000008801 | +0.218% | $3K | — | 5x | as long as short |
| MEXC XEC_USDT | −0.0024% | 4h | 0.000008803 | +0.239% | $339K | $108K | 20x | as long as short |
| Binance 1000XECUSDTshort | −0.0018% | 4h | 0.000008803 | +0.244% | $1.8M | $7.6M | 75x | |
| Bitget 1000XECUSDT | +0.0100% | 4h | 0.000008805 | +0.262% | $1.1M | $727K | 50x | as long as short |
KuCoin XECUSDTM
Aster 1000XECUSDT
Extended kXEC-USD
MEXC XEC_USDT
Bitget 1000XECUSDT