Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%
Price spread now: Bybit against Binance−0.053%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$980.985% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 7 days+0.084%+$8 · spread now −0.053%, 7d avg −0.035%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ALTUSDT | 0.007546 | 0.0100 | pay 0.0050% / 4h | 2h 16m | $2.6M | $3.5M | 50x |
| Short | Bybit ALTUSDT | 0.007542 | 0.0100 | get 0.0050% / 4h | 2h 16m | $1.2M | $1.8M | 25x |
Binance ALTUSDT
Bybit ALTUSDTFunding 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
- $0
- Price spread: −0.053% → −0.035%
- −$1.82
- Slippage, 4 orders
- −$77.48
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$100.29
- Costs to cover
- 0.985%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago | 0.66 bp | 18.7 bp −$19 | 142.8 bp −$1,428 | 9181.4 bp −$918.1K | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.65 bp | 24.9 bp −$25 | 131.9 bp −$1,319 | doesn't fit | doesn't fit |
ALT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALTUSD | −0.0474% | 1h | 0.007546 | −0.003% | $44K | $8K | 10x | as long as short |
| Deribit ALT_USDC-PERPETUAL | −0.0015% | 1h | 0.007547 | +0.013% | — | $0 | 25x | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007691 | +1.922% | $837 | $4K | 5.5x | as long as short |
| Variational Omni ALT | +0.0035% | 4h | 0.007521 | −0.329% | $4K | $16K | — | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007542 | −0.053% | $1.1M | $143K | 3x | as long as short |
| Binance ALTUSDTlong | +0.0100% | 4h | 0.007546 | long leg | $2.6M | $3.5M | 50x | |
| Bybit ALTUSDTshort | +0.0100% | 4h | 0.007542 | −0.053% | $1.2M | $1.8M | 25x | |
| Gate ALT_USDT | +0.0100% | 8h | 0.007550 | +0.053% | $50K | $394K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007546 | 0.000% | $379K | $172K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007552 | +0.080% | $145K | $19K | 30x | as long as short |
Kraken Futures PF_ALTUSD
Deribit ALT_USDC-PERPETUAL
Injective ALT/USDC PERP
Variational Omni ALT
Hyperliquid ALT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ALTUSDT | +0.0100% | 4h | 0.007535 | −0.146% | $605K | $132K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007547 | +0.013% | — | $1.3M | — | as long as short |
| BloFin ALT-USDT | +0.0146% | 4h | 0.007552 | +0.080% | $169K | $9K | 50x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0408% | 1h | 0.007691 | +1.922% | $14K | $3K | 50x | as long as short |
Bitget ALTUSDT
BingX ALT-USDT
BloFin ALT-USDT
Coinbase International ALT-PERP-INTX