Funding you earn now, next payment 00:00 UTC−0.0069%/8h= −7.5% APRnext payment −$0.34 per $10,000 · paid last 24h −0.070%
Price spread now: Bybit against Binance−0.021%7-day average −0.167% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1191.187% of the position
Funding, last 7 days−0.315%−$31 on $10k
+Price spread, last 7 days−0.236%−$24 · spread now −0.021%, 7d avg −0.167%
=The price spread pays, funding is against you. Bybit is 0.147% dearer against Binance than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.167%): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.1 days. At the pace of the last 7 days (−0.315% in total) that is about 3.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance B2USDT | 0.4869 | 0.0931 | pay 0.0465% / 4h | 0m 08s | $7.8M | $12.7M | 50x |
| Short | Bybit B2USDT | 0.4868 | 0.0862 | get 0.0431% / 4h | 0m 08s | $1.5M | $2.7M | 20x |
Binance B2USDT
Bybit B2USDTFunding 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
- −$14.44
- Price spread: −0.021% → −0.167%
- $14.68
- Slippage, 4 orders
- −$97.74
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$118.5
- Costs to cover
- 1.187%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 7 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, 10 min ago | 2.06 bp | 13.5 bp −$14 | 260.1 bp −$2,601 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 7 min ago | 3.08 bp | 34.1 bp −$34 | 290.2 bp −$2,902 | doesn't fit | doesn't fit |
B2 on 9 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 B2USDTshort | +0.0862% | 4h | 0.4868 | −0.021% | $1.5M | $2.7M | 20x | |
| MEXC B2_USDT | +0.0930% | 4h | 0.4869 | 0.000% | $545K | $528K | 100x | as long as short |
| Binance B2USDTlong | +0.0931% | 4h | 0.4869 | long leg | $7.8M | $12.7M | 50x | |
| Aster B2USDT | +0.1001% | 4h | 0.4870 | +0.027% | $151K | $177K | 5x | as long as short |
| BingX B2-USDT | +0.1084% | 4h | 0.4868 | −0.021% | — | $1.4M | — | as long as short |
| Bitget B2USDT | +0.1150% | 4h | 0.4861 | −0.164% | $2.7M | $1.4M | 50x | as long as short |
| KuCoin B2USDTM | +0.1692% | 4h | 0.4869 | 0.000% | $1.0M | $319K | 50x | as long as short |
| Variational Omni B2 | +0.1840% | 4h | 0.4869 | −0.003% | $13K | $2K | — | as long as short |
| Gate B2_USDT | +0.2784% | 4h | 0.4877 | +0.164% | $851K | $442K | 20x | as long as short |
MEXC B2_USDT
Aster B2USDT
BingX B2-USDT
Bitget B2USDT
KuCoin B2USDTM
Variational Omni B2
Gate B2_USDT