BX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1206%/8h= −132.1% APRnext payment −$12.06 per $10,000 · paid last 24h −0.004%

Price spread now: Bybit against Binance+0.040%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$253as in the Funding arb table

Net, price: spread back to 7d avg − costs−$240as in the Price arb table

costs, in and out, $10k−$2472.472% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 2 days (all we have)−0.135%−$14 · spread now +0.040%, 7d avg −0.028%

Together, before fees−0.189%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.067% dearer against Binance than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of −0.028%): +$7 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.054% in total) that is about 8.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.054% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$12.06 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 BXUSDT	126.55	0.1206	pay 0.1206% / 8h	1h 04m	$804K	$455K	20x
Short	Bybit BXUSDT	126.60	0	get 0.0000% / 8h	1h 04m	$498K	$857K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$253.28
Price spread: +0.040% → −0.028%: $6.7
Slippage, 4 orders: −$226.19
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$493.77
Costs to cover: 2.472%
Break-even: never at this rate

Slippage from Binance: live order book, 58 min ago; Bybit: live order book, 11 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, 58 min ago	1.58 bp	23.6 bp −$24	120.8 bp −$1,208	doesn't fit	doesn't fit
Sell Bybit live order book, 11 min ago	4.74 bp	82.4 bp −$82	209.3 bp −$2,093	doesn't fit	doesn't fit

BX on 14 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
QFEX BX-USD	−0.0080%	1h	126.42	−0.103%	$1.1M	$1.3M	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.38	−0.136%	$5K	$2K	20x	as long as short
Bybit BXUSDTshort	0.0000%	8h	126.60	+0.040%	$498K	$857K	25x
Gate BX_USDT	0.0000%	8h	126.68	+0.103%	$425K	$20K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.46	−0.071%	$902K	$45K	20x	as long as short
SunX BX-USDT	0.0000%	8h	126.56	+0.008%	$692	$303K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.65	+0.079%	$7K	$3K	20x	as long as short
OKX BX-USDT-SWAP	+0.0154%	8h	126.48	−0.055%	$163K	$106K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	126.28	−0.213%	$963	$27K	12x	as long as short
tradeXYZ xyz:BX	+0.0466%	1h	126.40	−0.119%	$662K	$180K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTM	+0.0882%	8h	126.55	0.000%	$113K	$1.1M	20x	as long as short
Variational Omni BX	+0.0908%	8h	126.56	+0.006%	$31K	$127	—	as long as short
Binance BXUSDTlong	+0.1206%	8h	126.55	long leg	$804K	$455K	20x
GRVT BX_USDT_Perp	+0.2042%	8h	126.53	−0.012%	$421	$124K	10x	as long as short