Funding you earn now, next payment 04:00 UTC−0.0392%/8h= −43.0% APRnext payment −$1.96 per $10,000 · paid last 24h −0.011%
Price spread now: Bybit against Binance+0.080%7-day average −0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$408as in the Funding arb table
Net, price: spread back to 7d avg − costs−$356as in the Price arb table
costs, in and out, $10k−$3743.742% of the position
Funding, last 7 days−0.336%−$34 on $10k
+Price spread, last 7 days−0.271%−$27 · spread now +0.080%, 7d avg −0.107%
=The price spread pays, funding is against you. Bybit is 0.187% dearer against Binance than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of −0.107%): +$19 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.336% in total) that is about 3.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ARXUSDT | 0.2008 | 0.0492 | pay 0.0246% / 4h | 3h 57m | $5.4M | $11.2M | 20x |
| Short | Bybit ARXUSDT | 0.2010 | 0.0100 | get 0.0050% / 4h | 3h 57m | $4.0M | $2.3M | 20x |
Binance ARXUSDT
Bybit ARXUSDTFunding 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
- −$82.42
- Price spread: +0.080% → −0.107%
- $18.69
- Slippage, 4 orders
- −$353.23
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$437.96
- Costs to cover
- 3.742%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Bybit: live order book, just now.
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, 13 min ago | 2.48 bp | 37.3 bp −$37 | 285.0 bp −$2,850 | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 4.97 bp | 131.4 bp −$131 | doesn't fit | doesn't fit | doesn't fit |
ARX on 10 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 ARXUSDTshort | +0.0100% | 4h | 0.2010 | +0.080% | $4.0M | $2.3M | 20x | |
| Gate ARX_USDT | +0.0100% | 4h | 0.2013 | +0.229% | $1.0M | $412K | 20x | as long as short |
| KuCoin ARXUSDTM | +0.0100% | 4h | 0.2005 | −0.159% | $704K | $731K | 20x | as long as short |
| Bitget ARXUSDT | +0.0376% | 4h | 0.2008 | −0.030% | $1.9M | $1.7M | 20x | as long as short |
| BloFin ARX-USDT | +0.0447% | 4h | 0.2007 | −0.069% | $234K | $49K | 20x | as long as short |
| OKX ARX-USDT-SWAP | +0.0461% | 4h | 0.2010 | +0.080% | $725K | $3.0M | 20x | as long as short |
| Binance ARXUSDTlong | +0.0492% | 4h | 0.2008 | long leg | $5.4M | $11.2M | 20x | |
| MEXC ARX_USDT | +0.0498% | 4h | 0.2006 | −0.119% | $862K | $415K | 20x | as long as short |
| BingX ARX-USDT | +0.0524% | 4h | 0.2008 | −0.020% | — | $1.7M | — | as long as short |
| Aster ARXUSDT | +0.0665% | 4h | 0.2008 | −0.023% | $80K | $98K | 10x | as long as short |
Gate ARX_USDT
KuCoin ARXUSDTM
Bitget ARXUSDT
BloFin ARX-USDT
OKX ARX-USDT-SWAP
MEXC ARX_USDT
BingX ARX-USDT
Aster ARXUSDT