Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance0.000%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1411.414% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 7 days+0.124%+$12 · spread now 0.000%, 7d avg +0.073%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.073% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MEUSDT | 0.07581 | 0.0100 | pay 0.0050% / 4h | 3h 53m | $2.2M | $4.1M | 50x |
| Short | Bybit MEUSDT | 0.07581 | 0.0100 | get 0.0050% / 4h | 3h 53m | $1.6M | $776K | 25x |
Binance MEUSDT
Bybit MEUSDTFunding 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
- $0
- Price spread: 0.000% → +0.073%
- −$7.29
- Slippage, 4 orders
- −$120.36
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$148.66
- Costs to cover
- 1.414%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 2 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, 13 min ago | 1.98 bp | 26.2 bp −$26 | 282.4 bp −$2,824 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 5.26 bp | 46.4 bp −$46 | 341.0 bp −$3,410 | doesn't fit | doesn't fit |
ME on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ME-USDT | +0.0087% | 4h | 0.07605 | +0.317% | $111K | $8K | 50x | as long as short |
| Hyperliquid ME | +0.0100% | 1h | 0.07580 | −0.013% | $239K | $108K | 3x | as long as short |
| Aster MEUSDT | +0.0100% | 4h | 0.07581 | +0.005% | $13K | $20K | 5x | as long as short |
| Binance MEUSDTlong | +0.0100% | 4h | 0.07581 | long leg | $2.2M | $4.1M | 50x | |
| Bybit MEUSDTshort | +0.0100% | 4h | 0.07581 | 0.000% | $1.6M | $776K | 25x | |
| OKX ME-USDT-SWAP | +0.0100% | 4h | 0.07573 | −0.106% | $488K | $1.1M | 20x | as long as short |
| Gate ME_USDT | +0.0100% | 8h | 0.07580 | −0.013% | $193K | $70K | 50x | as long as short |
| MEXC ME_USDT | +0.0100% | 4h | 0.07580 | −0.013% | $504K | $129K | 20x | as long as short |
| KuCoin MEUSDTM | +0.0100% | 4h | 0.07596 | +0.198% | $213K | $30K | 30x | as long as short |
| Bitget MEUSDT | +0.0100% | 4h | 0.07582 | +0.013% | $655K | $434K | 25x | as long as short |
BloFin ME-USDT
Hyperliquid ME
Aster MEUSDT
OKX ME-USDT-SWAP
Gate ME_USDT
MEXC ME_USDT
KuCoin MEUSDTM
Bitget MEUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ME | +0.0100% | 4h | 0.07603 | +0.292% | $12K | $2K | — | as long as short |
| Reya MERUSDPERP | +0.0228% | 1h | 0.07585 | +0.056% | $27K | — | 15x | as long as short |
| BingX ME-USDT | +0.0428% | 4h | 0.07577 | −0.053% | — | $1.3M | — | as long as short |
Variational Omni ME
Reya MERUSDPERP
BingX ME-USDT