Funding you earn now, next payment 00:00 UTC+0.0194%/8h= +21.3% APRnext payment +$1.94 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.063%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$420.418% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 2 days (all we have)+0.069%+$7 · spread now −0.063%, 7d avg −0.026%
=Funding pays, the price is against you. Bybit is 0.036% cheaper against Binance than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of −0.026%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.091% in total) that is about 2.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.091% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.94 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 DELLUSDT | 575.98 | 0 | get 0.0000% / 8h | 1h 45m | $18.7M | $65.6M | 20x |
| Short | Bybit DELLUSDT | 575.62 | 0.0194 | get 0.0194% / 8h | 1h 45m | $5.9M | $3.6M | 50x |
Binance DELLUSDT
Bybit DELLUSDTFunding 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
- $40.8
- Price spread: −0.063% → −0.026%
- −$3.65
- Slippage, 4 orders
- −$20.77
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$4.62
- Costs to cover
- 0.418%
- Break-even
- 7.8 days
Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 3 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, 12 min ago | 0.09 bp | 7.7 bp −$8 | 32.3 bp −$323 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.17 bp | 12.8 bp −$13 | 80.6 bp −$806 | doesn't fit | doesn't fit |
DELL on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin DELL-USDT | −0.0008% | 8h | 576.02 | +0.007% | $319K | $219K | 20x | as long as short |
| Aster DELLUSDT | 0.0000% | 8h | 575.16 | −0.143% | $21K | $50K | 20x | as long as short |
| Extended DELL-USD | 0.0000% | 1h | 575.87 | −0.019% | $338K | $1.1M | 10x | as long as short |
| Binance DELLUSDTlong | 0.0000% | 8h | 575.98 | long leg | $18.7M | $65.6M | 20x | |
| Gate DELL_USDT | 0.0000% | 8h | 575.68 | −0.052% | $4.5M | $7.8M | 50x | as long as short |
| Variational Omni DELL | 0.0000% | 8h | 575.83 | −0.026% | $260K | $82K | — | as long as short |
| GRVT DELL_USDT_Perp | 0.0000% | 8h | 575.78 | −0.034% | $1K | $181K | 10x | as long as short |
| Lighter DELL | +0.0032% | 1h | 576.15 | +0.030% | $34K | $11K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.748% | $8K | $83K | 12x | as long as short |
| Bitget DELLUSDT | +0.0036% | 8h | 575.47 | −0.089% | $3.3M | $4.6M | 20x | as long as short |
BloFin DELL-USDT
Aster DELLUSDT
Extended DELL-USD
Gate DELL_USDT
Variational Omni DELL
GRVT DELL_USDT_Perp
Lighter DELL
Injective DELL/USDC PERP
Bitget DELLUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:DELL | +0.0050% | 1h | 574.97 | −0.175% | $7.3M | $7.2M | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 575.47 | −0.089% | $943K | $32K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 576.41 | +0.075% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 576.73 | +0.130% | $18K | $58K | 10x | as long as short |
| Bybit DELLUSDTshort | +0.0194% | 8h | 575.62 | −0.063% | $5.9M | $3.6M | 50x | |
| OKX DELL-USDT-SWAP | +0.0378% | 8h | 575.93 | −0.009% | $5.9M | $6.8M | 20x | as long as short |
| Polymarket Perps DELL-USD | +0.0386% | 1h | 575.66 | −0.056% | $754 | $23K | 10x | as long as short |
| Phoenix DELL | +0.0528% | 1h | 575.32 | −0.115% | $3K | $280K | 10x | as long as short |
| Nado DELL-PERP | +0.0774% | 1h | 574.91 | −0.186% | $70K | $13K | 10x | as long as short |
| edgeX DELLUSDC | +0.0849% | 4h | 575.84 | −0.024% | $5K | $334K | 10x | as long as short |
tradeXYZ xyz:DELL
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
OKX DELL-USDT-SWAP
Polymarket Perps DELL-USD
Phoenix DELL
Nado DELL-PERP
edgeX DELLUSDC