Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Binance against Bybit+0.054%7-day average −0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1311.311% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 7 days−0.171%−$17 · spread now +0.054%, 7d avg −0.077%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.131% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.077%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MEUSDT | 0.07349 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $1.5M | $625K | 25x |
| Short | Binance MEUSDT | 0.07353 | 0.0100 | get 0.0050% / 4h | 2h 12m | $2.1M | $3.8M | 50x |
Bybit MEUSDT
Binance MEUSDTFunding 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
- $0
- Price spread: +0.054% → −0.077%
- $13.14
- Slippage, 4 orders
- −$110.09
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$117.95
- Costs to cover
- 1.311%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 10 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 | 4.07 bp | 45.2 bp −$45 | 302.6 bp −$3,026 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.68 bp | 20.9 bp −$21 | 69.3 bp −$693 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ME | +0.0100% | 1h | 0.07348 | −0.014% | $231K | $98K | 3x | as long as short |
| Aster MEUSDT | +0.0100% | 4h | 0.07358 | +0.124% | $17K | $11K | 5x | as long as short |
| Binance MEUSDTshort | +0.0100% | 4h | 0.07353 | +0.054% | $2.1M | $3.8M | 50x | |
| Bybit MEUSDTlong | +0.0100% | 4h | 0.07349 | long leg | $1.5M | $625K | 25x | |
| OKX ME-USDT-SWAP | +0.0100% | 4h | 0.07344 | −0.068% | $468K | $976K | 20x | as long as short |
| Gate ME_USDT | +0.0100% | 8h | 0.07360 | +0.150% | $202K | $65K | 50x | as long as short |
| MEXC ME_USDT | +0.0100% | 4h | 0.07353 | +0.054% | $498K | $128K | 20x | as long as short |
| KuCoin MEUSDTM | +0.0100% | 4h | 0.07357 | +0.109% | $205K | $25K | 30x | as long as short |
| Bitget MEUSDT | +0.0100% | 4h | 0.07353 | +0.054% | $636K | $416K | 25x | as long as short |
| BingX ME-USDT | +0.0100% | 4h | 0.07352 | +0.041% | — | $1.3M | — | as long as short |
Hyperliquid ME
Aster MEUSDT
OKX ME-USDT-SWAP
Gate ME_USDT
MEXC ME_USDT
KuCoin MEUSDTM
Bitget MEUSDT
BingX ME-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ME | +0.0100% | 4h | 0.07364 | +0.206% | $11K | $1K | — | as long as short |
| BloFin ME-USDT | +0.0158% | 4h | 0.07364 | +0.204% | $108K | $8K | 50x | as long as short |
| Reya MERUSDPERP | +0.0228% | 1h | 0.07354 | +0.074% | $26K | — | 15x | as long as short |
Variational Omni ME
BloFin ME-USDT
Reya MERUSDPERP