Funding you earn now, next payment 00:00 UTC−0.0542%/8h= −59.4% APRnext payment −$2.71 per $10,000 · paid last 24h −0.131%
Price spread now: Bybit against Binance−0.096%7-day average −0.231% · you buy dearer than you sell
Net, funding: paid 7d − costs−$470as in the Funding arb table
Net, price: spread back to 7d avg − costs−$422as in the Price arb table
costs, in and out, $10k−$4354.353% of the position
Funding, last 7 days−0.344%−$34 on $10k
+Price spread, last 7 days−0.112%−$11 · spread now −0.096%, 7d avg −0.231%
=The price spread pays, funding is against you. Bybit is 0.135% dearer against Binance than usual: you sell high and buy low (spread −0.096% now, against its 7-day average of −0.231%): +$13 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.344% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.344% in total (about -17.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.71 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BANUSDT | 0.06782 | 0.0643 | pay 0.0322% / 4h | 1h 27m | $6.6M | $724K | 25x |
| Short | Bybit BANUSDT | 0.06775 | 0.0101 | get 0.0051% / 4h | 1h 27m | $2.9M | $289K | 13x |
Binance BANUSDT
Bybit BANUSDTFunding 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
- −$113.83
- Price spread: −0.096% → −0.231%
- $13.48
- Slippage, 4 orders
- −$414.29
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$535.64
- Costs to cover
- 4.353%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 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, 11 min ago | 3.67 bp | 45.9 bp −$46 | 680.1 bp −$6,801 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.69 bp | 177.0 bp −$177 | doesn't fit | doesn't fit | doesn't fit |
BAN on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BANUSDT | +0.0100% | 4h | 0.06791 | +0.142% | $12K | $388 | 5x | as long as short |
| Gate BAN_USDT | +0.0100% | 8h | 0.06782 | +0.007% | $1.2M | $44K | 20x | as long as short |
| KuCoin BANUSDTM | +0.0100% | 4h | 0.06780 | −0.022% | $313K | $17K | 20x | as long as short |
| Variational Omni BAN | +0.0100% | 4h | 0.06775 | −0.094% | $16 | — | — | as long as short |
| Bybit BANUSDTshort | +0.0101% | 4h | 0.06775 | −0.096% | $2.9M | $289K | 13x | |
| Bitget BANUSDT | +0.0152% | 4h | 0.06783 | +0.022% | $1.1M | $48K | 25x | as long as short |
| Binance BANUSDTlong | +0.0643% | 4h | 0.06782 | long leg | $6.6M | $724K | 25x | |
| MEXC BAN_USDT | +0.0660% | 4h | 0.06781 | −0.007% | $8.1M | $146K | 100x | as long as short |
Aster BANUSDT
Gate BAN_USDT
KuCoin BANUSDTM
Variational Omni BAN
Bitget BANUSDT
MEXC BAN_USDT