Funding you earn now, next payment 00:00 UTC+0.0147%/8h= +16.1% APRnext payment +$0.74 per $10,000 · paid last 24h −0.127%
Price spread now: Bybit against Binance−0.151%7-day average −0.219% · you buy dearer than you sell
Net, funding: paid 7d − costs−$412as in the Funding arb table
Net, price: spread back to 7d avg − costs−$378as in the Price arb table
costs, in and out, $10k−$3853.852% of the position
Funding, last 7 days−0.269%−$27 on $10k
+Price spread, last 7 days−0.101%−$10 · spread now −0.151%, 7d avg −0.219%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.068% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.219%. Mind the row above: over the last 7 days funding on this pair cost −0.269%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BUSDT | 0.2032 | 0.0879 | pay 0.0440% / 4h | 1h 34m | $11.7M | $2.0M | 20x |
| Short | Bybit BUSDT | 0.2029 | 0.1026 | get 0.0513% / 4h | 1h 34m | $1.8M | $961K | 13x |
Binance BUSDT
Bybit BUSDTFunding 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
- $30.88
- Price spread: −0.151% → −0.219%
- $6.83
- Slippage, 4 orders
- −$364.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$347.44
- Costs to cover
- 3.852%
- Break-even
- 85.8 days
Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 2 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, 6 min ago | 4.93 bp | 22.0 bp −$22 | 402.5 bp −$4,025 | 10374.6 bp −$1.04M | doesn't fit |
| Sell Bybit live order book, 2 min ago | 6.90 bp | 159.2 bp −$159 | 1218.2 bp −$12.2K | doesn't fit | doesn't fit |
B 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate B_USDT | +0.0100% | 4h | 0.2033 | +0.031% | $3.5M | $591K | 20x | as long as short |
| KuCoin BUSDTM | +0.0100% | 4h | 0.2034 | +0.100% | $1.9M | $71K | 10x | as long as short |
| Binance BUSDTlong | +0.0879% | 4h | 0.2032 | long leg | $11.7M | $2.0M | 20x | |
| Extended B-USD | +0.0880% | 1h | 0.2031 | −0.087% | $15K | $117K | 5x | as long as short |
| MEXC B_USDT | +0.0880% | 4h | 0.2031 | −0.067% | $976K | $347K | 100x | as long as short |
| BloFin B-USDT | +0.0886% | 4h | 0.2033 | +0.031% | $596K | $39K | 20x | as long as short |
| edgeX BUSDC | +0.0890% | 4h | 0.2033 | +0.014% | $3K | $391K | 5x | as long as short |
| Bybit BUSDTshort | +0.1026% | 4h | 0.2029 | −0.151% | $1.8M | $961K | 13x | |
| BingX B-USDT | +0.1134% | 4h | 0.2033 | +0.031% | — | $1.2M | — | as long as short |
| Bitget BUSDT | +0.1236% | 4h | 0.2032 | −0.018% | $2.8M | $230K | 10x | as long as short |
Gate B_USDT
KuCoin BUSDTM
Extended B-USD
MEXC B_USDT
BloFin B-USDT
edgeX BUSDC
BingX B-USDT
Bitget BUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BUSDT | +0.1378% | 4h | 0.2033 | +0.031% | $1.9M | $207K | 5x | as long as short |
Aster BUSDT