Funding you earn now, next payment 02:00 UTC−0.0046%/8h= −5.1% APRpaid last 24h +0.032%
Price spread now: Coinbase International against Bybit−1.036%7-day average −0.270% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$540.542% of the position
Funding, last 7 days+0.185%+$18 on $10k
+Price spread, last 4 days (all we have)+1.303%+$130 · spread now −1.036%, 7d avg −0.270%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.767% cheaper against Bybit than usual: you would sell low and buy high (−$77 if the spread goes back to its 7-day average of −0.270%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.185%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BEUSDT | 275.94 | 0.0062 | pay 0.0062% / 8h | 5h 04m | $2.0M | $1.2M | 25x |
| Short | Coinbase International BE-PERP-INTX | 273.08 | 0.0016 | get 0.0002% / 1h | 4m 17s | $473K | $129K | 10x |
Bybit BEUSDT
Coinbase International BE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$9.7
- Price spread: −1.036% → −0.270%
- −$76.66
- Slippage, 4 orders
- −$33.21
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$140.58
- Costs to cover
- 0.542%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Coinbase International: live order book, 59 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, 2 min ago | 1.09 bp | 14.7 bp −$15 | 136.6 bp −$1,366 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 59 min ago | 5.65 bp | 11.9 bp −$12 | 18.1 bp −$181 | doesn't fit | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 275.72 | −0.080% | $347K | $119K | 20x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 275.60 | −0.123% | $1.5M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 275.82 | −0.043% | $1.7M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 275.77 | −0.063% | $7K | $164K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 275.98 | +0.014% | $1K | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 276.10 | +0.058% | $13K | $34K | 20x | as long as short |
| QFEX BE-USD | +0.0012% | 1h | 275.91 | −0.011% | $1.3M | $2.7M | 10x | as long as short |
| Coinbase International BE-PERP-INTXshort | +0.0016% | 1h | 273.08 | −1.036% | $473K | $129K | 10x | |
| Lighter BE | +0.0032% | 1h | 275.74 | −0.072% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 275.84 | −0.036% | $252K | $289K | 10x | as long as short |
Aster BEUSDT
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
QFEX BE-USD
Lighter BE
Lighter RH BEShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BE-USD | +0.0040% | 1h | 275.64 | −0.109% | $115K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 275.86 | −0.029% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 275.67 | −0.098% | $5.9M | $2.7M | 10x | as long as short |
| Bybit BEUSDTlong | +0.0062% | 8h | 275.94 | long leg | $2.0M | $1.2M | 25x | |
| Binance BEUSDT | +0.0072% | 8h | 275.89 | −0.018% | $8.5M | $36.2M | 25x | as long as short |
| Extended BE-USD | +0.0072% | 1h | 275.82 | −0.043% | $46K | $259K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 275.73 | −0.076% | $372K | $20K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 275.87 | −0.027% | — | — | 10x | as long as short |
| OKX BE-USDT-SWAP | +0.0126% | 8h | 275.93 | −0.004% | $2.6M | $6.8M | 25x | as long as short |
| BloFin BE-USDT | +0.0191% | 8h | 275.99 | +0.018% | $1K | $142K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0294% | 1h | 275.90 | −0.014% | $7K | $4K | 10x | as long as short |
Arcus BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
Binance BEUSDT
Extended BE-USD
KuCoin BEUSDTM
Aevo BE-PERP
OKX BE-USDT-SWAP
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL