Funding you earn now, next payment 12:00 UTC−0.0320%/8h= −35.1% APRnext payment −$1.60 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit0.000%7-day average −0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$296as in the Funding arb table
Net, price: spread back to 7d avg − costs−$287as in the Price arb table
costs, in and out, $10k−$2962.962% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.045%−$4 · spread now 0.000%, 7d avg −0.093%
=The price spread pays, funding is against you. Binance is 0.093% dearer against Bybit than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.093%): +$9 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 23 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.60 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 | Bybit BBUSDT | 0.009045 | 0.0420 | pay 0.0210% / 4h | 3h 58m | $681K | $815K | 25x |
| Short | Binance BBUSDT | 0.009045 | 0.0100 | get 0.0050% / 4h | 3h 58m | $3.3M | $7.0M | 50x |
Bybit BBUSDT
Binance BBUSDTFunding 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
- −$67.27
- Price spread: 0.000% → −0.093%
- $9.27
- Slippage, 4 orders
- −$275.22
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$354.22
- Costs to cover
- 2.962%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 37 min ago; Binance: live order book, 11 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, 37 min ago | 3.34 bp | 116.4 bp −$116 | 714.2 bp −$7,142 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 3.87 bp | 31.5 bp −$32 | 133.7 bp −$1,337 | doesn't fit | doesn't fit |
BB 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BBUSD | −0.1181% | 1h | 0.009029 | −0.182% | $21K | $3K | 10x | as long as short |
| Aster BBUSDT | +0.0100% | 4h | 0.009042 | −0.033% | $14K | $13K | 5x | as long as short |
| Binance BBUSDTshort | +0.0100% | 4h | 0.009045 | 0.000% | $3.3M | $7.0M | 50x | |
| Gate BB_USDT | +0.0100% | 4h | 0.009050 | +0.055% | $133K | $226K | 50x | as long as short |
| MEXC BB_USDT | +0.0100% | 4h | 0.009044 | −0.011% | $1.4M | $541K | 100x | as long as short |
| KuCoin BBUSDTM | +0.0100% | 4h | 0.009060 | +0.166% | $439K | $101K | 50x | as long as short |
| Bitget BBUSDT | +0.0100% | 4h | 0.009050 | +0.055% | $337K | $520K | 50x | as long as short |
| BingX BB-USDT | +0.0248% | 4h | 0.009043 | −0.022% | — | $1.3M | — | as long as short |
| Bybit BBUSDTlong | +0.0420% | 4h | 0.009045 | long leg | $681K | $815K | 25x |
Kraken Futures PF_BBUSD
Aster BBUSDT
Gate BB_USDT
MEXC BB_USDT
KuCoin BBUSDTM
Bitget BBUSDT
BingX BB-USDT