Funding you earn now, next payment 08:00 UTC−0.0247%/8h= −27.1% APRnext payment −$2.47 per $10,000 · paid last 24h −0.015%
Price spread now: Binance against Bybit−0.182%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$382as in the Price arb table
costs, in and out, $10k−$3653.655% of the position
Funding, last 4 days (all we have)−0.015%−$2 on $10k
+Price spread, last 2 days (all we have)+0.132%+$13 · spread now −0.182%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.165% cheaper against Bybit than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.015% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.47 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 | Bybit ANETUSDT | 207.60 | 0.0247 | pay 0.0247% / 8h | 4h 35m | $81K | $215K | 25x |
| Short | Binance ANETUSDT | 207.22 | 0 | get 0.0000% / 8h | 4h 35m | $139K | $416K | 20x |
Bybit ANETUSDT
Binance ANETUSDTFunding 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
- −$51.89
- Price spread: −0.182% → −0.017%
- −$16.5
- Slippage, 4 orders
- −$344.49
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$433.88
- Costs to cover
- 3.655%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 26 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, 4 min ago | 8.42 bp | 107.9 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 26 min ago | 20.48 bp | 81.3 bp −$81 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ANETUSDTshort | 0.0000% | 8h | 207.22 | −0.182% | $139K | $416K | 20x | |
| Gate ANET_USDT | 0.0000% | 8h | 206.99 | −0.294% | $170K | $8K | 20x | as long as short |
| Bitget ANETUSDT | 0.0000% | 8h | 206.62 | −0.472% | $82K | $120K | 20x | as long as short |
| Phemex ANETUSDT | 0.0000% | 8h | 207.12 | −0.231% | $22K | $34K | 10x | as long as short |
| Injective ANET/USDC PERP | +0.0033% | 1h | 199.61 | −3.849% | $2K | $32K | 12x | as long as short |
| HTX ANET-USDT | +0.0100% | 8h | 207.71 | +0.053% | $3K | $41K | 20x | as long as short |
| Bybit ANETUSDTlong | +0.0247% | 8h | 207.60 | long leg | $81K | $215K | 25x |
Gate ANET_USDT
Bitget ANETUSDT
Phemex ANETUSDT
Injective ANET/USDC PERP
HTX ANET-USDT