Funding you earn now, next payment 23:00 UTC−0.0134%/8h= −14.6% APRpaid last 24h −1.240%
Price spread now: Binance against Bybit+0.784%7-day average −0.422% · you sell dearer than you buy
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs+$35as in the Price arb table
costs, in and out, $10k−$850.854% of the position
Funding, last 7 days−1.134%−$113 on $10k
+Price spread, last 7 days−3.295%−$329 · spread now +0.784%, 7d avg −0.422%
=The price spread pays, funding is against you. Binance is 1.205% dearer against Bybit than usual: you sell high and buy low (spread +0.784% now, against its 7-day average of −0.422%): +$121 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 30 days. At the pace of the last 7 days (−1.134% in total) that is about 7.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CVCUSDT | 0.02715 | 0.0100 | pay 0.0013% / 1h | 27m 19s | $1.7M | $1.4M | 25x |
| Short | Binance CVCUSDT | 0.02736 | −0.0034 | pay 0.0017% / 4h | 1h 27m | $2.9M | $5.7M | 50x |
Bybit CVCUSDT
Binance CVCUSDTFunding 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
- −$28.04
- Price spread: +0.784% → −0.422%
- $120.54
- Slippage, 4 orders
- −$64.36
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $7.13
- Costs to cover
- 0.854%
- Break-even
- from the start
Slippage from Bybit: live order book, 4 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, 4 min ago | 1.84 bp | 23.6 bp −$24 | 513.6 bp −$5,136 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 1.83 bp | 19.7 bp −$20 | 66.8 bp −$668 | doesn't fit | doesn't fit |
CVC 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CVC_USDT | −0.0816% | 4h | 0.02736 | +0.773% | $211K | $311K | 25x | as long as short |
| BingX CVC-USDT | −0.0218% | 4h | 0.02731 | +0.589% | — | $2.4M | — | as long as short |
| Bitget CVCUSDT | −0.0214% | 4h | 0.02736 | +0.773% | $466K | $479K | 50x | as long as short |
| MEXC CVC_USDT | −0.0038% | 4h | 0.02737 | +0.810% | $653K | $124K | 20x | as long as short |
| Binance CVCUSDTshort | −0.0034% | 4h | 0.02736 | +0.784% | $2.9M | $5.7M | 50x | |
| Variational Omni CVC | +0.0100% | 1h | 0.02713 | −0.068% | $1K | $370 | — | as long as short |
| Bybit CVCUSDTlong | +0.0100% | 1h | 0.02715 | long leg | $1.7M | $1.4M | 25x | |
| KuCoin CVCUSDTM | +0.0100% | 4h | 0.02740 | +0.921% | $1.4M | $395K | 30x | as long as short |
Gate CVC_USDT
BingX CVC-USDT
Bitget CVCUSDT
MEXC CVC_USDT
Variational Omni CVC
KuCoin CVCUSDTM