Funding you earn now, next payment 04:00 UTC−0.0445%/8h= −48.7% APRnext payment −$2.22 per $10,000 · paid last 24h −0.086%
Price spread now: Bybit against Binance−0.107%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$176as in the Price arb table
costs, in and out, $10k−$1761.765% of the position
Funding, last 7 days−0.220%−$22 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.107%, 7d avg −0.113%
=The price spread sits at its 7-day average of −0.113%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.220% in total (about -11.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.22 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 | Binance ACUUSDT | 0.1206 | 0.0545 | pay 0.0272% / 4h | 41m 15s | $2.5M | $1.4M | 10x |
| Short | Bybit ACUUSDT | 0.1205 | 0.0100 | get 0.0050% / 4h | 41m 15s | $827K | $598K | 13x |
Binance ACUUSDT
Bybit ACUUSDTFunding 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
- −$93.45
- Price spread: −0.107% → −0.113%
- $0.65
- Slippage, 4 orders
- −$155.49
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$269.28
- Costs to cover
- 1.765%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 14 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, 9 min ago | 2.91 bp | 42.0 bp −$42 | 199.0 bp −$1,990 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 14 min ago | 1.66 bp | 43.6 bp −$44 | 553.8 bp −$5,538 | doesn't fit | doesn't fit |
ACU on 11 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 ACUUSDTshort | +0.0100% | 4h | 0.1205 | −0.107% | $827K | $598K | 13x | |
| OKX ACU-USDT-SWAP | +0.0100% | 4h | 0.1203 | −0.215% | $217K | $270K | 10x | as long as short |
| Gate ACU_USDT | +0.0100% | 4h | 0.1202 | −0.347% | $171K | $15K | 10x | as long as short |
| KuCoin ACUUSDTM | +0.0100% | 4h | 0.1205 | −0.082% | $560K | $33K | 10x | as long as short |
| SunX ACU-USDT | +0.0100% | 4h | 0.1204 | −0.173% | $1K | $1.2M | 20x | as long as short |
| Bitget ACUUSDT | +0.0224% | 4h | 0.1208 | +0.159% | $237K | $230K | 10x | as long as short |
| Aster ACUUSDT | +0.0336% | 4h | 0.1203 | −0.245% | $2K | $4K | 5x | as long as short |
| BloFin ACU-USDT | +0.0519% | 4h | 0.1205 | −0.074% | $117K | $60K | 10x | as long as short |
| Binance ACUUSDTlong | +0.0545% | 4h | 0.1206 | long leg | $2.5M | $1.4M | 10x | |
| BingX ACU-USDT | +0.0548% | 4h | 0.1205 | −0.065% | — | $1.3M | — | as long as short |
OKX ACU-USDT-SWAP
Gate ACU_USDT
KuCoin ACUUSDTM
SunX ACU-USDT
Bitget ACUUSDT
Aster ACUUSDT
BloFin ACU-USDT
BingX ACU-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ACU_USDT | +0.0550% | 4h | 0.1206 | −0.016% | $13.8M | $347K | 50x | as long as short |
MEXC ACU_USDT