Funding you earn now, next payment 16:00 UTC−0.0091%/8h= −9.9% APRnext payment −$0.91 per $10,000 · paid last 24h +0.044%
Price spread now: Binance against Bybit−0.108%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1491.491% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 7 days+0.037%+$4 · spread now −0.108%, 7d avg −0.046%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.062% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.046%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TTWOUSDT | 210.80 | 0.0091 | pay 0.0091% / 8h | 6h 55m | $1.8M | $206K | 25x |
| Short | Binance TTWOUSDT | 210.57 | 0 | get 0.0000% / 8h | 6h 55m | $2.3M | $1.0M | 25x |
Bybit TTWOUSDT
Binance TTWOUSDTFunding 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
- −$19.07
- Price spread: −0.108% → −0.046%
- −$6.24
- Slippage, 4 orders
- −$128.09
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$174.39
- Costs to cover
- 1.491%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 9 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, 1 min ago | 7.34 bp | 25.8 bp −$26 | 211.9 bp −$2,119 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.42 bp | 27.1 bp −$27 | 129.0 bp −$1,290 | doesn't fit | doesn't fit |
TTWO on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance TTWOUSDTshort | 0.0000% | 8h | 210.57 | −0.108% | $2.3M | $1.0M | 25x | |
| OKX TTWO-USDT-SWAP | 0.0000% | 8h | 210.68 | −0.057% | $326K | $78K | 25x | as long as short |
| Gate TTWO_USDT | 0.0000% | 8h | 210.80 | 0.000% | $715K | $12K | 20x | as long as short |
| Bitget TTWOUSDT | 0.0000% | 8h | 210.78 | −0.009% | $899K | $87K | 20x | as long as short |
| Variational Omni TTWO | 0.0000% | 8h | 210.75 | −0.024% | $81K | $56K | — | as long as short |
| Lighter TTWO | +0.0032% | 1h | 210.14 | −0.313% | — | — | 5x | as long as short |
| Extended TTWO-USD | +0.0040% | 1h | 210.77 | −0.015% | $75K | $1K | 10x | as long as short |
| QFEX TTWO-USD | +0.0080% | 1h | 210.36 | −0.209% | $1.2M | $2.7M | 10x | as long as short |
| Bybit TTWOUSDTlong | +0.0091% | 8h | 210.80 | long leg | $1.8M | $206K | 25x | |
| KuCoin TTWOUSDTM | +0.0100% | 8h | 210.46 | −0.161% | $94K | $992K | 20x | as long as short |
OKX TTWO-USDT-SWAP
Gate TTWO_USDT
Bitget TTWOUSDT
Variational Omni TTWO
Lighter TTWO
Extended TTWO-USD
QFEX TTWO-USD
KuCoin TTWOUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TTWO-USDT | +0.0100% | 8h | 210.79 | −0.005% | $3K | $40K | 10x | as long as short |
| Ondo Perps TTWO-USD.P | +0.0101% | 1h | 210.36 | −0.209% | $330K | $188K | 10x | as long as short |
| Paragon para:TTWO | +0.0456% | 1h | 210.69 | −0.051% | $1.1M | $151K | 10x | as long as short |
HTX TTWO-USDT
Ondo Perps TTWO-USD.P
Paragon para:TTWO