Funding you earn now, next payment 08:00 UTC+0.0590%/8h= +64.6% APRnext payment +$5.90 per $10,000 · paid last 24h +0.044%
Price spread now: Binance against Bybit−0.002%7-day average +0.064% · 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−$350as in the Price arb table
costs, in and out, $10k−$3443.437% of the position
Funding, last 1 day (all we have)+0.044%+$4 on $10k
+Price spread, last 18 hours (all we have)+0.189%+$19 · spread now −0.002%, 7d avg +0.064%
=Funding pays, the price is against you. Binance is 0.065% cheaper against Bybit than usual: you would sell low and buy high (spread −0.002% now, against its 7-day average of +0.064%). If the spread goes back, that is −$7 on $10k: about 9 hours of funding at the current rate (+$18 a day). At the pace of the last 1 day (+0.044% in total) that is about 42 hours.
The current funding rate is far above what this pair has been paying: over the last 1 day it paid 0.044% in total (about 13.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.90 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 PATHUSDT | 13.690 | 0 | get 0.0000% / 8h | 4h 20m | $52K | $130K | 25x |
| Short | Binance PATHUSDT | 13.690 | 0.0590 | get 0.0590% / 8h | 4h 20m | $67K | $178K | 20x |
Bybit PATHUSDT
Binance PATHUSDTFunding 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
- $123.85
- Price spread: −0.002% → +0.064%
- −$6.54
- Slippage, 4 orders
- −$322.7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$226.4
- Costs to cover
- 3.437%
- Break-even
- 19.8 days
Slippage from Bybit: live order book, 19 min ago; Binance: live order book, 41 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, 19 min ago | 18.27 bp | 102.0 bp −$102 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 41 min ago | 7.30 bp | 82.5 bp −$83 | doesn't fit | doesn't fit | doesn't fit |
PATH 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PATHUSDTlong | 0.0000% | 8h | 13.690 | long leg | $52K | $130K | 25x | |
| Gate PATH_USDT | 0.0000% | 8h | 13.660 | −0.219% | $6K | $12K | 20x | as long as short |
| Bitget PATHUSDT | 0.0000% | 8h | 13.620 | −0.511% | $22K | $29K | 20x | as long as short |
| SunX PATH-USDT | 0.0000% | 8h | 13.680 | −0.073% | — | $1.7M | 10x | as long as short |
| HTX PATH-USDT | 0.0000% | 8h | 13.690 | 0.000% | $2K | $269K | 20x | as long as short |
| Phemex PATHUSDT | 0.0000% | 8h | 13.680 | −0.073% | $10K | $15K | 10x | as long as short |
| Binance PATHUSDTshort | +0.0590% | 8h | 13.690 | −0.002% | $67K | $178K | 20x |
Gate PATH_USDT
Bitget PATHUSDT
SunX PATH-USDT
HTX PATH-USDT
Phemex PATHUSDT