Funding you earn now, next payment 00:00 UTC−0.0206%/8h= −22.6% APRnext payment −$1.03 per $10,000 · paid last 24h +0.070%
Price spread now: Binance against Bybit+0.075%7-day average +0.170% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1301.298% of the position
Funding, last 7 days+0.315%+$31 on $10k
+Price spread, last 7 days+0.194%+$19 · spread now +0.075%, 7d avg +0.170%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.094% cheaper against Bybit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.170%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.315%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit B2USDT | 0.4879 | 0.1075 | pay 0.0537% / 4h | 1h 32m | $1.5M | $2.7M | 20x |
| Short | Binance B2USDT | 0.4883 | 0.0869 | get 0.0434% / 4h | 1h 32m | $7.8M | $13.0M | 50x |
Bybit B2USDT
Binance B2USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$43.26
- Price spread: +0.075% → +0.170%
- −$9.43
- Slippage, 4 orders
- −$108.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$182.54
- Costs to cover
- 1.298%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 8 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 Bybit live order book, 5 min ago | 3.07 bp | 39.8 bp −$40 | 342.2 bp −$3,422 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 2.04 bp | 28.2 bp −$28 | 141.3 bp −$1,413 | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC B2_USDT | +0.0868% | 4h | 0.4881 | +0.041% | $552K | $539K | 100x | as long as short |
| Binance B2USDTshort | +0.0869% | 4h | 0.4883 | +0.075% | $7.8M | $13.0M | 50x | |
| Aster B2USDT | +0.0987% | 4h | 0.4873 | −0.129% | $153K | $187K | 5x | as long as short |
| Bybit B2USDTlong | +0.1075% | 4h | 0.4879 | long leg | $1.5M | $2.7M | 20x | |
| BingX B2-USDT | +0.1398% | 4h | 0.4877 | −0.041% | — | $1.4M | — | as long as short |
| Bitget B2USDT | +0.1470% | 4h | 0.4876 | −0.061% | $2.7M | $1.4M | 50x | as long as short |
| Variational Omni B2 | +0.1950% | 4h | 0.4893 | +0.286% | $14K | $2K | — | as long as short |
| KuCoin B2USDTM | +0.1982% | 4h | 0.4880 | +0.020% | $1.0M | $321K | 50x | as long as short |
| Gate B2_USDT | +0.2786% | 4h | 0.4885 | +0.123% | $856K | $441K | 20x | as long as short |
MEXC B2_USDT
Aster B2USDT
BingX B2-USDT
Bitget B2USDT
Variational Omni B2
KuCoin B2USDTM
Gate B2_USDT