Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.3% APRnext payment +$0.40 per $10,000 · paid last 24h −0.006%
Price spread now: Binance against Bybit−0.029%7-day average +0.001% · 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−$68as in the Price arb table
costs, in and out, $10k−$650.647% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 7 days+0.029%+$3 · spread now −0.029%, 7d avg +0.001%
=Funding pays, the price is against you. Binance is 0.030% cheaper against Bybit than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.001%). If the spread goes back, that is −$3 on $10k: about 2.5 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WDCUSDT | 451.15 | 0 | get 0.0000% / 8h | 5h 02m | $2.0M | $816K | 25x |
| Short | Binance WDCUSDT | 451.02 | 0.0040 | get 0.0040% / 8h | 5h 02m | $7.5M | $24.7M | 20x |
Bybit WDCUSDT
Binance WDCUSDTFunding 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
- $8.33
- Price spread: −0.029% → +0.001%
- −$3.03
- Slippage, 4 orders
- −$43.68
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$59.38
- Costs to cover
- 0.647%
- Break-even
- 56.9 days
Slippage from Bybit: live order book, 4 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, 4 min ago | 2.33 bp | 26.3 bp −$26 | 159.0 bp −$1,590 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.55 bp | 9.5 bp −$10 | 34.3 bp −$343 | doesn't fit | doesn't fit |
WDC on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster WDCUSDT | 0.0000% | 8h | 450.90 | −0.056% | $11K | $115K | 20x | as long as short |
| Bybit WDCUSDTlong | 0.0000% | 8h | 451.15 | long leg | $2.0M | $816K | 25x | |
| Gate WDC_USDT | 0.0000% | 8h | 450.90 | −0.055% | $1.9M | $2.5M | 50x | as long as short |
| Bitget WDCUSDT | 0.0000% | 8h | 451.04 | −0.024% | $1.2M | $1.1M | 20x | as long as short |
| edgeX WDCUSDC | +0.0032% | 4h | 451.09 | −0.014% | $50K | $230K | 10x | as long as short |
| Lighter WDC | +0.0032% | 1h | 450.77 | −0.084% | — | — | 10x | as long as short |
| Binance WDCUSDTshort | +0.0040% | 8h | 451.02 | −0.029% | $7.5M | $24.7M | 20x | |
| Extended WDC-USD | +0.0040% | 1h | 451.14 | −0.003% | $3K | $132K | 10x | as long as short |
| tradeXYZ xyz:WDC | +0.0050% | 1h | 450.57 | −0.129% | $2.4M | $2.1M | 10x | as long as short |
| QFEX WDC-USD | +0.0050% | 1h | 450.90 | −0.055% | $1.1M | $3.5M | 10x | as long as short |
Aster WDCUSDT
Gate WDC_USDT
Bitget WDCUSDT
edgeX WDCUSDC
Lighter WDC
Extended WDC-USD
tradeXYZ xyz:WDC
QFEX WDC-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin WDC-USDT | +0.0068% | 8h | 451.20 | +0.011% | $102K | $94K | 20x | as long as short |
| KuCoin WDCUSDTM | +0.0100% | 8h | 451.21 | +0.013% | $278K | $44K | 20x | as long as short |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 450.91 | −0.053% | $9K | $2K | 10x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 451.10 | −0.011% | — | $2.4M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 451.37 | +0.049% | $33K | $8K | 10x | as long as short |
| OKX WDC-USDT-SWAP | +0.0128% | 8h | 451.08 | −0.016% | $2.2M | $3.9M | 20x | as long as short |
| GRVT WDC_USDT_Perp | +0.0304% | 8h | 451.10 | −0.011% | $528 | $157K | 10x | as long as short |
BloFin WDC-USDT
KuCoin WDCUSDTM
Orderly PERP_WDC_USDC_mythos
SunX WDC-USDT
HTX WDC-USDT
OKX WDC-USDT-SWAP
GRVT WDC_USDT_Perp