Funding you earn now, next payment 00:00 UTC+0.0320%/8h= +35.0% APRnext payment +$3.20 per $10,000 · paid last 24h −0.010%
Price spread now: Bybit against Binance+0.175%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$607as in the Price arb table
costs, in and out, $10k−$6246.237% of the position
Funding, last 4 days (all we have)−0.010%−$1 on $10k
+Price spread, last 2 days (all we have)−0.117%−$12 · spread now +0.175%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bybit is 0.163% dearer against Binance than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.012%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.010% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.20 per $10,000. 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 | Binance ANETUSDT | 206.22 | 0.0248 | pay 0.0248% / 8h | 39m 30s | $141K | $410K | 20x |
| Short | Bybit ANETUSDT | 206.58 | 0.0568 | get 0.0568% / 8h | 39m 30s | $84K | $203K | 25x |
Binance ANETUSDT
Bybit ANETUSDTFunding 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
- $67.18
- Price spread: +0.175% → +0.012%
- $16.3
- Slippage, 4 orders
- −$602.67
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$540.19
- Costs to cover
- 6.237%
- Break-even
- 63.3 days
Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 21 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 | 4.12 bp | 52.3 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 21 min ago | 3.39 bp | 184.2 bp −$184 | doesn't fit | doesn't fit | doesn't fit |
ANET 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ANET_USDT | 0.0000% | 8h | 206.54 | +0.155% | $170K | $9K | 20x | as long as short |
| Bitget ANETUSDT | 0.0000% | 8h | 205.77 | −0.218% | $76K | $116K | 20x | as long as short |
| Phemex ANETUSDT | 0.0000% | 8h | 206.32 | +0.048% | $21K | $33K | 10x | as long as short |
| Injective ANET/USDC PERP | +0.0033% | 1h | 199.61 | −3.205% | $2K | $32K | 12x | as long as short |
| HTX ANET-USDT | +0.0100% | 8h | 206.62 | +0.194% | $3K | $78K | 20x | as long as short |
| Binance ANETUSDTlong | +0.0248% | 8h | 206.22 | long leg | $141K | $410K | 20x | |
| Bybit ANETUSDTshort | +0.0568% | 8h | 206.58 | +0.175% | $84K | $203K | 25x |
Gate ANET_USDT
Bitget ANETUSDT
Phemex ANETUSDT
Injective ANET/USDC PERP
HTX ANET-USDT