Funding you earn now, next payment 08:00 UTC−0.0506%/8h= −55.4% APRnext payment −$5.06 per $10,000 · paid last 24h +0.092%
Price spread now: Binance against Bybit−0.016%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$228as in the Funding arb table
Net, price: spread back to 7d avg − costs−$274as in the Price arb table
costs, in and out, $10k−$2712.707% of the position
Funding, last 7 days+0.427%+$43 on $10k
+Price spread, last 7 days+0.029%+$3 · spread now −0.016%, 7d avg +0.018%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Binance is 0.034% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.018%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.427%, 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 BNCUSDT | 6.2100 | −0.0667 | get 0.0667% / 8h | 1h 41m | $561K | $2.0M | 25x |
| Short | Binance BNCUSDT | 6.2090 | −0.1172 | pay 0.1172% / 8h | 1h 41m | $13.4M | $41.1M | 10x |
Bybit BNCUSDT
Binance BNCUSDTFunding 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
- −$106.22
- Price spread: −0.016% → +0.018%
- −$3.43
- Slippage, 4 orders
- −$249.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$380.4
- Costs to cover
- 2.707%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 15 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 | 4.03 bp | 114.3 bp −$114 | 220.6 bp −$2,206 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 1.61 bp | 21.4 bp −$21 | 114.2 bp −$1,142 | doesn't fit | doesn't fit |
BNC on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BNCUSDT | −0.2003% | 8h | 6.2329 | +0.369% | $780K | $4.3M | 5x | as long as short |
| Binance BNCUSDTshort | −0.1172% | 8h | 6.2090 | −0.016% | $13.4M | $41.1M | 10x | |
| Variational Omni BNC | −0.1025% | 8h | 6.2059 | −0.066% | $116K | $141K | — | as long as short |
| Bybit BNCUSDTlong | −0.0667% | 8h | 6.2100 | long leg | $561K | $2.0M | 25x | |
| Aster BNCUSD1 | −0.0615% | 8h | 6.2133 | +0.052% | $178K | $22K | 10x | as long as short |
| QFEX BNC-USD | −0.0010% | 1h | 6.2100 | 0.000% | $49K | $13K | 10x | as long as short |
| Bullet BNC-USD | 0.0000% | 1h | 6.2129 | +0.046% | $9K | $69K | 10x | as long as short |
| HTX BNC-USDT | 0.0000% | 8h | 6.2160 | +0.097% | $14K | $27K | 10x | as long as short |
| KuCoin BNCUSDTM | +0.0057% | 8h | 6.2100 | 0.000% | $40K | $3.0M | 20x | as long as short |
Bitget BNCUSDT
Variational Omni BNC
Aster BNCUSD1
QFEX BNC-USD
Bullet BNC-USD
HTX BNC-USDT
KuCoin BNCUSDTM