Funding you earn now, next payment 16:00 UTC+0.0137%/8h= +15.0% APRnext payment +$1.37 per $10,000 · paid last 24h +0.025%
Price spread now: Binance against Bybit−0.084%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$760.759% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.084%, 7d avg −0.060%
=Funding pays, the price is against you. Binance is 0.024% cheaper against Bybit than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.060%). If the spread goes back, that is −$2 on $10k: about 14 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.072% in total) that is about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit UBERUSDT | 71.540 | 0.0206 | pay 0.0206% / 8h | 4h 25m | $420K | $109K | 25x |
| Short | Binance UBERUSDT | 71.480 | 0.0343 | get 0.0343% / 8h | 4h 25m | $2.4M | $698K | 20x |
Bybit UBERUSDT
Binance UBERUSDTFunding 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
- $28.75
- Price spread: −0.084% → −0.060%
- −$2.39
- Slippage, 4 orders
- −$54.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$49.52
- Costs to cover
- 0.759%
- Break-even
- 19.1 days
Slippage from Bybit: live order book, 8 min ago; Binance: 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 Bybit live order book, 8 min ago | 9.09 bp | 23.1 bp −$23 | 465.2 bp −$4,652 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.40 bp | 18.4 bp −$18 | 52.1 bp −$521 | doesn't fit | doesn't fit |
UBER on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster UBERUSDT | 0.0000% | 8h | 71.665 | +0.175% | $94K | $11K | 20x | as long as short |
| Gate UBER_USDT | 0.0000% | 8h | 71.450 | −0.126% | $370K | $228K | 20x | as long as short |
| Bitget UBERUSDT | 0.0000% | 8h | 71.400 | −0.196% | $492K | $153K | 20x | as long as short |
| SunX UBER-USDT | 0.0000% | 8h | 71.430 | −0.154% | $1K | $1.9M | 10x | as long as short |
| Injective UBER/USDC PERP | +0.0033% | 1h | 70.650 | −1.244% | $16K | $14K | 12x | as long as short |
| QFEX UBER-USD | +0.0080% | 1h | 71.430 | −0.154% | $1.1M | $1.1M | 10x | as long as short |
| KuCoin UBERUSDTM | +0.0100% | 8h | 71.430 | −0.154% | $171K | $596K | 20x | as long as short |
| Bybit UBERUSDTlong | +0.0206% | 8h | 71.540 | long leg | $420K | $109K | 25x | |
| Variational Omni UBER | +0.0257% | 8h | 71.490 | −0.070% | $448K | $24K | — | as long as short |
| Binance UBERUSDTshort | +0.0343% | 8h | 71.480 | −0.084% | $2.4M | $698K | 20x |
Aster UBERUSDT
Gate UBER_USDT
Bitget UBERUSDT
SunX UBER-USDT
Injective UBER/USDC PERP
QFEX UBER-USD
KuCoin UBERUSDTM
Variational Omni UBERShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT UBER_USDT_Perp | +0.0738% | 8h | 71.480 | −0.084% | $522 | $229K | 10x | as long as short |
| HTX UBER-USDT | +0.2377% | 8h | 71.910 | +0.517% | $48K | $34K | 20x | as long as short |
GRVT UBER_USDT_Perp
HTX UBER-USDT