Funding you earn now, next payment 08:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.87 per $10,000 · paid last 24h −0.048%
Price spread now: Bybit against Binance+0.140%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$860.863% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)−0.652%−$65 · spread now +0.140%, 7d avg +0.052%
=The price spread pays, funding is against you. Bybit is 0.088% dearer against Binance than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of +0.052%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days. At the pace of the last 7 days (−0.083% in total) that is about 7.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance UBERUSDT | 71.200 | 0.0153 | pay 0.0153% / 8h | 5h 06m | $2.4M | $646K | 20x |
| Short | Bybit UBERUSDT | 71.300 | 0.0066 | get 0.0066% / 8h | 5h 06m | $372K | $94K | 25x |
Binance UBERUSDT
Bybit UBERUSDTFunding 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
- −$18.27
- Price spread: +0.140% → +0.052%
- $8.83
- Slippage, 4 orders
- −$65.34
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$95.77
- Costs to cover
- 0.863%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 48 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, 14 min ago | 2.11 bp | 15.2 bp −$15 | 54.1 bp −$541 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 48 min ago | 3.50 bp | 37.0 bp −$37 | 330.8 bp −$3,308 | doesn't fit | doesn't fit |
UBER on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective UBER/USDC PERP | −0.0220% | 1h | 70.480 | −1.011% | $16K | $14K | 12x | as long as short |
| Aster UBERUSDT | 0.0000% | 8h | 71.220 | +0.028% | $93K | $11K | 20x | as long as short |
| Gate UBER_USDT | 0.0000% | 8h | 71.180 | −0.028% | $364K | $264K | 20x | as long as short |
| Bitget UBERUSDT | 0.0000% | 8h | 71.190 | −0.014% | $426K | $95K | 20x | as long as short |
| SunX UBER-USDT | 0.0000% | 8h | 71.140 | −0.084% | $2K | $2.0M | 10x | as long as short |
| Variational Omni UBER | +0.0013% | 8h | 71.220 | +0.028% | $442K | $23K | — | as long as short |
| Bybit UBERUSDTshort | +0.0066% | 8h | 71.300 | +0.140% | $372K | $94K | 25x | |
| QFEX UBER-USD | +0.0080% | 1h | 71.200 | 0.000% | $1.1M | $1.0M | 10x | as long as short |
| KuCoin UBERUSDTM | +0.0100% | 8h | 71.120 | −0.112% | $168K | $620K | 20x | as long as short |
| Binance UBERUSDTlong | +0.0153% | 8h | 71.200 | long leg | $2.4M | $646K | 20x |
Injective UBER/USDC PERP
Aster UBERUSDT
Gate UBER_USDT
Bitget UBERUSDT
SunX UBER-USDT
Variational Omni UBER
QFEX UBER-USD
KuCoin UBERUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT UBER_USDT_Perp | +0.0322% | 8h | 71.191 | −0.013% | $83 | $197K | 10x | as long as short |
| HTX UBER-USDT | +0.1697% | 8h | 71.740 | +0.758% | $48K | $35K | 20x | as long as short |
GRVT UBER_USDT_Perp
HTX UBER-USDT